Commodities Futures Today

Futures and Commodities – Higher Prices on Gold Silver and Oil

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(Best Syndication News) Commodities were higher on Tuesday and they continued to climb in Asia on Wednesday (see charts below).

Precious Metals

Both gold and silver prices were higher on Wednesday as investors worry about European sovereign debt (see survey #2 settle price chart below).

In Greece, there is opposition to austerity measures by both citizens and party officials. Yesterday Moody’s warned that a debt restructuring would be considered a default.

Futures and Commodities – Gold higher but oil silver and copper prices lower

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(Best Syndication News) Oil dropped on the NYMEX today but some believe the price is set for a rebound (see charts below). Gold advanced but silver declined.

Energy Prices

Light sweet crude for June delivery fell $2.40 (-2.40%) to $97.70 a barrel on the New York Mercantile Exchange (NYMEX). The trend is still higher for the week (see survey #2 settle price chart below).

A Goldman Sachs commodities analyst said benchmark Brent crude could be up to $120 a barrel in 2011 and $140 a barrel in 2012. Brent crude on the Intercontinental Exchange settled at $112.39 Monday. There are concerns that OPEC may exhaust their spare capacity while Libyan crude is disrupted.

Futures and Commodities – Weekly Trend for Oil Gold and Silver Prices

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(Best Syndication News) Commodities ended the week higher but stocks were lower (see charts below). Silver, gold and oil were all higher for the week.

Energy Prices

June crude oil on the NYMEX was up 0.45 percent to $100.10 per barrel for the week. Over the last 30-days the value of the commodity dropped 9.25 percent, but it is still higher over the last 100 days (see survey #2 settle price chart below).

The peak of oil demand should begin on Memorial Day later this month. Demand should decline again in September. A robust economy can contribute to higher oil prices, but higher oil prices can also put downward pressure on the economy.

Futures and Commodities – Gold and Silver Prices Lower – Oil Fell but Coal Advanced

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(Best Syndication News) Commodities are higher in Asia Friday after falling in North America Thursday (see charts below).

Precious Metals

Both gold and silver declined on the COMEX Thursday (see survey #2 settle price chart below).

June gold on the COMEX fell $3.40 (-0.23%) to $1,492.40 an ounce. Silver for June delivery declined 16 cents (-0.47%) to $34.93 an ounce.

Futures and Commodities – Broad gains with silver prices advancing faster than Gold – Oil Higher

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(Best Syndication News) Every precious metal and energy product we monitor gained value today (see commodities charts below). Commodities were higher, stocks were higher and the dollar was mixed Wednesday.

As of 13:00 JST May 19th, most commodities on the Tokyo Commodities Exchange (TOCOM) were lower (see Tokyo Com chart below).

Precious Metals

Gold was down 21 yen a gram to 3,899 during the day session. In dollars, the price was down 0.54 percent to $1,486.57 an ounce. Interest in the golden metal is waning Thursday in Asia.

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