NYMEX crude for June, was 7 cents lower at $103.81 a barrel by 2304 GMT. On Friday, NYMEX crude for May delivery expired and settled at $103.05 a barrel, gaining 78 cents, or 0.76 percent.
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Monday, 23 April 2012
OIL
Oil trading is coming under closer scrutiny as the industry-backed Extractive Industries Transparency Initiative (EITI) explores ways to increase disclosure in deals between private trading firms and national oil companies, the Financial Times reported on Monday.
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SHANGHAI COPPER
The most-active July copper contract on the Shanghai Futures Exchange was nearly flat at 57,790 yuan ($9,200) a tonne.
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LME COPPER
Three-month copper on the London Metal Exchange fell 0.9 percent to $8,117.50 a tonne by 0141 GMT.
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COPPER
The price of copper had fallen to around $8,000 a tonne on Friday from more than $10,000 a tonne early last year.
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GOLD
Gold hovered near $1,640 an ounce on Monday, after dropping 1 percent in the previous week, as investors waited for data on China’s manufacturing activities which may help set the tone for financial markets.
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U.S. MARKET UPDATE
U.S. stocks mostly rose on Friday, led by solid earnings from McDonald’s, General Electric and Microsoft, but declines in banks and technology shares pulled indexes from their day’s highs.
The Dow Jones industrial average rose 65.16 points, or 0.50 percent, to 13,029.26. The S&P 500 Index gained 1.61 points, or 0.12 percent, to 1,378.53. The Nasdaq Composite dropped 7.11 points, or 0.24 percent, to 3,000.45.
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Commodity Market Outlook :23-04-2012
Gold set for 1 pct weekly drop
Silver was down 0.2 percent at $31.66 an ounce
Oil rises on improved German sentiment
Brent logs small weekly loss, U.S. crude posts gain
Copper posts best weekly performance since late Feb
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