Crude oil futures

Crude oil futures tumbled towards six-year lows on Friday, amid indications that the sharp decline in U.S. drilling in recent months may be nearing an end, raising concerns that shale production could rebound and add to a supply glut. On the New York Mercantile Exchange, crude oil for delivery in September hit an intraday low of $43.70 a barrel, a … Read More

Gold prices down in Asia

Gold prices eased on Monday in Asia after weekend data on China’s trade disappointed and investors kept a close eye out on the central bank’s next move. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange eased 0.28% to $1.091.00 a troy ounce. Also on the Comex, silver futures for September delivery slumped 0.61% … Read More

Forex Yen ticks weaker after current account

The yen held slightly weaker in early Asia on Monday as investors noted mixed data on bank lending and the current account and mulled disappointing trade figures from China at the weekend. USD/JPY changed hands at 124.31, up 0.02%, while AUD/USD eased 0.21% to 0.7402 – as China is a top trade partner. Japan reported an unadjusted June current account … Read More