Friday, December 19, 2014

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Oil Recoils in Volatile Commodity Updates


At year end trade Oil recoils in volatile


                              

After getting down in last session, oil prices fringe up in asia friday, prediction stats increased volatility and no end in observation this year to fall down prices.

US benchmark West Texas halfway for January delivery rose 63 cents to $54.74, while Brent crude for February increased 16 cents to $59.43 in mid morning trade.

WTI dived Thursday $2.36 to its getting down since May 2009, while Brent collapsed $1.91.

It is intolerable, for Saudi Arabia or OPEC to tackle any measure that would lead to a reduction in (their) share of the market and an increase in that of others who do not belong to the cartel, Oil Minister told the official Saudi Press Agency.


Eyes weekly fell, Gold steadies under $1,200


Gold steadied under $1,200 an ounce on Friday and was set to end a two-week rally as the dollar firmed on expectations that the US Federal Reserve is on course to increase interest rates next year.

But some buying interest from Asia may be supporting bullion at current levels, traders say, permit it to hold up despite increasing equity markets.
A rush in gold prices to above $1,230 an ounce last week from all direction $1,140 a week earlier has spurred caution among investors, said Yuichi Ikemizu, branch manager at Standard Bank in Tokyo.

GAINERS OF COMMODITY MARKET
Gold Petal D(27-Feb-2015)
Cardamom (15-Apr-2015)
Cardamom (15-May-2015)
Lead Mini (31-Dec-2014)


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