Oil rebounds but prices likely to remain volatile
Crude-oil futures were choppy in Asian trade Monday ahead this week’s data releases from China and the U.S. Federal Reserve meeting, as markets seek stronger cues on growth in two of the world’s largest economies.
U.S. crude futures for delivery in January CLF5, +0.64% traded at $58.40 a barrel, up $0.59, or 1% in the Globex electronic session. January Brent crude LCOF5, +0.61% on London’s ICE Futures exchange rose $0.80, or 1.3%, to $62.40 a barrel.
U.S. crude futures for delivery in January CLF5, +0.64% traded at $58.40 a barrel, up $0.59, or 1% in the Globex electronic session. January Brent crude LCOF5, +0.61% on London’s ICE Futures exchange rose $0.80, or 1.3%, to $62.40 a barrel.
Gold poised for 4th losing session in a row
Gold prices on Monday were heading toward their fourth-straight session in the red, as the retreat from their recent bounce gathers momentum.
At last check, gold for February delivery GCG5, -0.31% was down $2.70 to $1,219.70 an ounce, while March silver SIH5, -0.72% lost 10 cents to $16.96 an ounce.
At last check, gold for February delivery GCG5, -0.31% was down $2.70 to $1,219.70 an ounce, while March silver SIH5, -0.72% lost 10 cents to $16.96 an ounce.
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