Commodities News

• 

  Eurozone retail sales figures disappoint

  Friday 03 Jul 2009

  Eurozone retail sales dropped a worse than expected 0.4% month-on-month in May, official figures showed Friday. Read More

• 

  Rogue oil trader costs PVM $10m

  Friday 03 Jul 2009

  It’s thought rogue trades which cost oil broker PVM Oil Futures almost $10m (£6m) were responsible for a spike in global oil prices to their highest in months earlier this week. Read More

• 

  Commodities: Crude tumbles

  Friday 03 Jul 2009

  Crude prices continued to tumble lower after poor jobless data raised concerns about the demand for oil. Read More

• 

  California in financial turmoil

  Thursday 02 Jul 2009

  Governor of California Arnold Schwarzenegger has declared a fiscal emergency in the US state, which faces a budget deficit of $24.3bn. Read More

• 

  Technical Analysis: Oil takes a tumble

  Thursday 02 Jul 2009

  The oil price’s inability to break above its previous highs has prompted a sell-off on the back profit-taking and renewed US dollar strength. Read More

• 

  US jobless number soars

  Thursday 02 Jul 2009

  US employers axed more jobs than economists thought they would during June, taking the unemployment rate up to a 26-year high. Read More

• 

  ECB leaves interest rates unchanged

  Thursday 02 Jul 2009

  There weren’t any surprises at the European Central Bank’s meeting in Luxembourg today as interest rates were left unchanged at 1%. Read More

• 

  Commodities: Crude inventories data halts oil's rise

  Thursday 02 Jul 2009

  The oil price backtracked on Wednesday after the US Energy Information Administration (EIA) released its weekly data on US oil inventories. Read More

• 

  US mortgage applications fall sharply

  Wednesday 01 Jul 2009

  Mortgage applications tumbled to their lowest in seven months last week following a hike in the cost of borrowing. Read More

• 

  Commodities: Oil below $70

  Wednesday 01 Jul 2009

  Oil plunged below $70 a barrel after US consumer confidence figures for May came in worse than expected. Read More

• 

  Irish economy slumps at record rate

  Tuesday 30 Jun 2009

  Ireland's economy shrank at an unprecedented pace in the first three months of 2009, as capital spending collapsed and consumer spending tumbled. Read More

• 

  Eurozone inflation turns negative

  Tuesday 30 Jun 2009

  Eurozone annual inflation has turned negative for the first time in June, official data showed Tuesday. Read More

• Commodities: Oil tops $71 on fresh Nigeria attacks

  Tuesday 30 Jun 2009

  Fresh attacks on a Nigerian pipeline by local militants underpinned Monday’s spike in oil prices. Read More

• 

  Technical Analysis: S&P continues to frustrate

  Monday 29 Jun 2009

  US Stock markets continue to defy the pessimists as they struggle to break lower. The continued lack of downside follow-through continues to give the bears pause for thought. Read More

• Commodities: Crude slips over $1, gold above $940

  Monday 29 Jun 2009

  US crude oil tumbled over $1 on Friday amid losses on Wall Street and as concern about weak demand dominated. Read More

• 

  Technical Analysis: Oil prices holding firm

  Friday 26 Jun 2009

  The EIA’s upward revision of average oil prices, for the second part of 2009 to $67, has served to underpin the price of the black gold over the past couple of weeks. This revision was an increase ... Read More

• 

  Inflation plunge threatens Japan's recovery

  Friday 26 Jun 2009

  Fears are growing that Japan is about to sink into deflation again following a record fall in prices last month. Read More

• 

  Commodities: Nigerian attack boosts oil price

  Friday 26 Jun 2009

  The price of crude was back above $70 a barrel for the first time in a week after a Royal Dutch Shell pipeline in Nigeria was attacked by militants. The Movement for the Emancipation of the Niger D... Read More

• 

  Technical Analysis: Will Gold break $1,000?

  Thursday 25 Jun 2009

  Another failure near the $1,000 mark in Gold has again prompted a sell-off in the yellow metal. Since March last year Gold has tried and failed to break through $1,000 area on 4 occasions. Read More

• 

  Commodities: Gold moves ahead

  Thursday 25 Jun 2009

  Gold moved higher though gains were tempered late on after the dollar rallied on the back of comments from the Fed. Read More