Commodity Prices — September 1st 2010
Commodity Prices for September 1st 2010.
Stocks, oil surge after strong manufacturing data
A manufacturing rebound in China and stronger-than-expected U.S. factory data spurred a jump in equity and commodity prices worldwide on Wednesday, helping start the month on a bright note after a gloomy August.
Oil sinks on US recovery fears
Oil prices plummeted on Tuesday for the second consecutive day as investors fretted over the pace of the US economic recovery and growing oil inventories.
Crude slides, growth fear weighs on equities
U.S. crude oil futures prices fell Tuesdayon worries about faltering economic growth that weighed on equities markets
and bulging U.S. oil inventories.
Oil Drops a Second Day on Concern Slower Income Growth
Oil declined for a second day in New York as slower-than-forecast growth in personal incomes in July added to concerns that the pace of fuel demand recovery in the U.S. may falter.
Oil Spill Commission Co-Chair meets seafood leaders
The federal fact-finding mission continued Monday, as two members of the national commission on the BP oil spill made several stops in the New Orleans area.
Canadian Dollar Declines Against Majors
The Canadian dollar weakened against its major rivals on Monday morning in New York as crude oil, the nation's largest export, slipped back to below $75 per barrel. The loonie thus retreated from its Asian session's fresh multi-day highs against
Natural Gas 3.8% Higher, Crude Lower
Most commodities (14 of 19) in the CRB Index are trading higher this morning despite strength in the dollar index. However, the three worst performers in the index are coming from the energy market (crude, heating oil, RBOB gasoline).
Crude Falls From Seven-Day High on Skepticism About U.S.
Crude oil fell for the first time in four days as slower-than-forecast growth in personal incomes heightened concern the economy is struggling to recover.
Daily Market Analysis – Commodities Come Roaring Back, Fed C
Commodities came roaring back to life as Oil posted a better than $1.80 gain to finish at $75.57 a barrel. It was Oil’s third win a row. The high flying Copper advanced nearly $6 to close back above $331.
Oil: Searching for a resistance
Very bearish set-up!! Downtrend involved.
Crude gains 4th day on U.S. economy, storms
Crude rose for a fourth day on Monday on sustained momentum from Federal Reserve Chairman Ben Bernanke's speech and increased hurricane activity in the Atlantic Ocean, with storms expected to follow paths closer to the United States.


