U.S. oil fell 37 cents to $91.68, adding to a drop in February that
snapped three straight monthly gains. The front-month contract is just
off its $91.43 low for the year, hit earlier in the Asian day.
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Friday, 1 March 2013
BRENT CRUDE
Brent crude oil fell to a one-month low under $113 a barrel on Tuesday
on worries about an inconclusive Italian election that revived investor
concerns about instability in the euro zone and threatened the outlook
for fuel demand.
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SPOT GOLD
Spot gold was little changed at $1,613.61 an ounce by 0028 GMT, after
hitting a 1-1/2-week high of $1,619.66. It rose 1.2 percent on Tuesday,
its biggest daily gain in three months.
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GOLD
Gold traded flat on Wednesday, perching near a 1-1/2-week high hit in
the previous session as Federal Reserve Chairman Ben Bernanke defended
the bank’s monetary policy, lending support to gold as a hedge against
central banks’ cash printing.
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COMMODITY MARKET OUTLOOK 01-03-2013
Silver futures for May delivery fell 1.9 percent to $28.432 an ounce
Gold fell, capping the longest run of monthly declines in 16 years
Copper fell, capping the first monthly drop since October
Crude oil closed at the lowest this year.
Gold fell, capping the longest run of monthly declines in 16 years
Copper fell, capping the first monthly drop since October
Crude oil closed at the lowest this year.
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