Markets to Watch Today
Crude Oil: October Crude Oil futures closed at its lowest level since March 28. Leading the way for the decline was the successful discovery of oil in the Gulf of Mexico. This discovery eased supply concerns, and overshadowed worries of hurricane season. October Crude Oil futures closed down 59 cents at $68.60 a barrel.
Natural Gas: Natural Gas futures ended a three-day decline on Tuesday. Concerns stemming from Tropical Storm Florence were attributed to the gains. While the storm’s path is unknown, its existence was enough to cause concern over the U.S. Gulf Coast gas fields. October Natural Gas futures closed up 16.2 cents at $6.039 per million British thermal units.
Gold: Gold futures rose Tuesday, on speculative buying, as traders returned from the Labor Day Holiday. Gold closed at its highest level in almost a month. Funds piled into the Gold futures Tuesday, as the jewelry buying season begins. December Gold futures settled up $14.30 at $646.90 an ounce.
Natural Gas: Natural Gas futures ended a three-day decline on Tuesday. Concerns stemming from Tropical Storm Florence were attributed to the gains. While the storm’s path is unknown, its existence was enough to cause concern over the U.S. Gulf Coast gas fields. October Natural Gas futures closed up 16.2 cents at $6.039 per million British thermal units.
Gold: Gold futures rose Tuesday, on speculative buying, as traders returned from the Labor Day Holiday. Gold closed at its highest level in almost a month. Funds piled into the Gold futures Tuesday, as the jewelry buying season begins. December Gold futures settled up $14.30 at $646.90 an ounce.
posted by XPRESSTRADE, LLC at 9/06/2006 06:38:00 AM
<< Home