Markets to Watch Today
Crude Oil: November Crude Oil rebounded on Thursday, as bargain hunters returned from the recent sell-off. Support at the psychologically important $60 a barrel mark gave additional confidence to the buying effort. November Crude Oil rose 85 cents, to settle at $61.59 a barrel.
Natural Gas: Natural Gas futures fell to two-year lows Thursday on U.S. supply data. The sell-off came after the Energy Department released their report showing domestic Natural Gas inventories increased last week by 93 billion cubic feet, to 3.18 trillion cubic feet. October Natural Gas futures fell 15 cents, to settle at $4.78 per 1,000 cubic feet.
Gold: December Gold futures rose again on Thursday, bringing a two-day total rise of more than $5 a troy ounce. The gains were attributed to rising Crude Oil prices, coupled with a declining Dollar. Also contributing to the gains were Wednesday’s comments from the Federal Reserve stating that inflation remains their main concern. December Gold futures rose $2.10, to settle at $588.30 a troy ounce.
Natural Gas: Natural Gas futures fell to two-year lows Thursday on U.S. supply data. The sell-off came after the Energy Department released their report showing domestic Natural Gas inventories increased last week by 93 billion cubic feet, to 3.18 trillion cubic feet. October Natural Gas futures fell 15 cents, to settle at $4.78 per 1,000 cubic feet.
Gold: December Gold futures rose again on Thursday, bringing a two-day total rise of more than $5 a troy ounce. The gains were attributed to rising Crude Oil prices, coupled with a declining Dollar. Also contributing to the gains were Wednesday’s comments from the Federal Reserve stating that inflation remains their main concern. December Gold futures rose $2.10, to settle at $588.30 a troy ounce.
posted by XPRESSTRADE, LLC at 9/22/2006 06:32:00 AM
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