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Oil Prices Fall Again; June US Crude Settles at $92.81
Crude oil futures tumbled on Wednesday as banking troubles in Greece further highlighted the euro zone debt crisis, pulling U.S. equities lower as risk aversion hit across markets. The European Central Bank confirmed a Reuters report that it has stopped providing...
Gold, Nearing Bear Market, Declines on Greece Political Crisis
Gold, on the brink of a bear market, declined for a fourth straight session as concern that Greece will have to leave the euro boosted the dollar and cut the metal’s appeal as an alternative asset.
Dollar Continues to Rally on Fears About Greece
Worries that Greece will drop out of the euro currency union continued to push the dollar higher against most other currencies.
Mining Titan BHP Warns Commodity Prices to Slide
BHP Billiton said it expects commodity markets to cool further and that investors have lost confidence in the longer-term health of the global economy, in the most cautious comments yet from the world's biggest miner.
Wilbur Ross: Natural Gas Could Triple in Price Over Several Years
Natural gas prices may be low today due to a supply glut but they're due to climb over the longer term, says noted investor Wilbur Ross, chairman and CEO of WL Ross and Co.
IMF: Italy Has Made 'Notable Progress'
An International Monetary Fund (IMF) official says Italy has made "notable progress" toward improving its financial outlook in the last six months but added that work needs to be done on growth.
Strategist Louis James: Gold’s Bull Run Isn’t Over
Gold’s 14 percent drop from its Feb. 28 high doesn’t signal an end to the precious metal’s impressive rally that began 2001, says Louis James, chief metals strategist at Casey Research.
Analysts: Oil Markets Are Pricing in Doom
Oil prices continue plunging, hitting five-month lows recently and market watchers are bracing for further losses. Escalating European debt fears, a cooling Chinese economy and sustained headwinds slowing U.S. recovery are sending U.S. crude futures to below $95 a barrel...
Jim Rogers: Gold May Plunge 40% to 50% on Fears of Europe, India
Investment icon Jim Rogers thinks gold’s correction has a long way to go – perhaps as far as 40 percent to 50 percent from its peak, thanks to bearish trends in India and Europe.
Dow Falls to Near 4-Month Low amid Greece Worries
The Dow Jones Industrial Average fell to an almost four-month low Tuesday as Greece's failure to form a new government offset better-than-estimated American economic data. Commodity shares tumbled as the Dollar Index extended its longest rally ever, reducing the appeal of...
Midwest Farmland Values Jumped 19% in 1st Quarter
Farmland values in the U.S. Midwest surged 19 percent in the first quarter from a year earlier as a rally in commodity prices boosted farm earnings and demand for acreage, the Federal Reserve Bank of Chicago said. Rising net income from corn, soybeans and hay supported...
Oil Slides to Five-Month Low as Euro Weakens
Oil fell near a five-month low after a second Greek election was called for as attempts to form a government failed, sending the euro tumbling. Futures dropped 0.8 percent as Pasok party leader Evangelos Venizelos said Greeks are headed back to the polls. The euro declined...
Greece to Pay May 15 Bond, Avoid Default
Greece will pay the remaining holders of a bond that matures on May 15, avoiding default on the first issue to expire after the biggest sovereign debt swap in history, a government official said on Tuesday.
Gasoline Price Slips 3.6 Cents a Gallon in Latest Week
U.S. drivers paid 3.6 cents less for a gallon of gasoline in the past week as prices at the pump continued their steady decline, the U.S. government said.
Germany Saves Eurozone From Recession as Split Deepens
Germany pulled the euro zone's economy back from the brink of recession at the start of 2012 but stagnation in France and contraction in southern Europe underlined sharply differing fortunes in a bloc labouring under the effects of austerity. Overall gross domestic product...
US Global Investors' Holmes: Gold Headed Higher for the Long Run
Commodities have been in a slump for the past year, but the multi-year super-cycle of rising commodity prices hasn't ended, says Frank Holmes, CEO of U.S. Global Investors.
Former Greek Prime Minister: 'Catastrophe' if Nation Exits Euro
Greece must be part of the euro area and it would be a “catastrophe” for the nation to revert to its own currency, a move that threatens a run on banks, former Greek Prime Minister Costas Simitis said.
Morningstar’s Park: The Case for Gold Miner Stocks
Over the past year, gold s price has gained 4.8 percent, while the price of gold mining shares, as measured by the Market Vectors Gold Miners ETF, has plunged 22.4 percent.
Greek, European Woe Could Cause Problems for US
Gold Drops to 4-1/2-month low as Euro Sinks
Gold prices fell to a 4-1/2-month low on Monday, as the dollar strengthened and investors liquidated risky assets after political deadlock in Greece fed worries that the country could default, worsening the euro zone debt crisis. The selling is from continued concerns over...
Fear of Greece Euro Exit Sparks Equities Sell-off
Global stocks slid on Monday on worries Greece could leave the euro zone, while oil prices fell after a move by economic powerhouse China to boost lending sparked fears its economy was weaker than thought. Data pointing to a deeper European recession, along with growing...
Oil Prices Fall as Greece, China Feed Economic Worry
Oil prices fell on Monday as Greece's inability to form a coalition government and concerns about a slowing Chinese economy fed worries about the outlook for petroleum demand. Greece's turmoil triggered selling in dollar-denominated copper and gold, sending a benchmark...
Spain Faces Corrosion, Not Collapse, From Euro Crisis
Students are protesting on Barcelona's elegant boulevards, public-sector wages are being cut for the second time in three years and resentment is growing against the central government and beneficiaries of bank bailouts.
Saudi’s Al-Naimi: Brent Oil Should Drop to $100 a Barrel
Crude prices should fall because global supply is outweighing demand, according to Saudi Arabia’s oil minister, Ali al-Naimi.
Reuters Poll: China Growth to Bottom in Second Quarter
China is likely to cut the amount of cash lenders must hold as reserves by another 100 basis points this year and lean more on fiscal policy to support the economy's growth, which is likely to bottom out in the second quarter at 7.9 percent year on year, a Reuters poll...
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