U.S. crude rose to $96.17, rebounding from a 1.5 percent fall on
Wednesday on rising deliveries through the Seaway pipeline linking
Cushing to the U.S. Gulf coast.
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Monday, 28 January 2013
BRENT CRUDE
Brent crude futures for March delivery rose to $113.34 a barrel by 1:24
p.m. EST (1824 GMT), an over three-month high, but gains were capped by
rising global oil supplies.
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SPOT GOLD
Spot gold had inched down $1.25 to $1,666.11 an ounce by 0035 GMT, on
course for a weekly loss of 1 percent, its sharpest in a month. It
dropped to as low as $1,664.69 on Thursday, a level not seen since Jan.
14.
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GOLD
Gold inched down on Friday, languishing near a 1-1/2-week low hit in the
previous session when upbeat data from the world’s largest economies
sapped demand for the safe-haven metal.
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U.S.MARKET
The Standard & Poor-s 500 index closed above 1,500 for the first
time in more than five years on Friday as strong US earnings reports,
including Procter & Gamble-s, helped the benchmark extend its rally
to eight days.
The Dow Jones industrial average rose 70.65 points or 0.51 percent,
to close at 13,895.98. The S&P 500 gained 8.14 points or 0.54
percent, to 1,502.96. The Nasdaq Composite added 19.33 points or 0.62
percent, to end at 3,149.71.
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COMMODITY MARKET OUTLOOK 28-01-2013
Oil traded near the highest level in four months
U.S. durable goods orders probably climbed 2 percent
Silver futures for March delivery fell 1.6 percent
Copper traders are bullish for a third consecutive week
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