May 16 2013 7:44 AM

Brent crude oil slid toward $103 on Thursday following an unexpected drop in US factory output. The data added to uncertainty about future demand and brought Brent prices down to $103.14 at 9:20 GMT on Thursday morning. A steep drop in US factory output caused concern among investors who worried about the state of the global economy. Many attributed the lack of demand for exports to the ongoing eurozone recession and sluggish growth in China.

May 16 2013 7:27 AM

You can find now the optimism of having a closer ending of the Fed’s QE at the price of gold which is traded below 1400$ no per ounce after it had been well buoyed following the credit crisis because of that policy which is still underpinning the assets prices in US and you can see that also at the current unprecedented prices in US equities market which pushed up the risk appetite in Europe and Asia too while the treasuries are still also well-supported watching markedly falling of its yields since the worries about the US labor market has increased with the release of March labor report which suggested continued support by the Fed to it and this stance has not changed even after April report which came better than expected.

May 15 2013 12:24 PM

Gold is still in trouble as it continues to fall. This morning gold prices are down $12.61 to $1,413.60 an ounce sparking investors to worry that the downward trend will continue.

May 15 2013 8:31 AM

For the first time in well over a week the spot Nat Gas contract was able to settle above the key $4/mmbtu technical resistance area. The market has been in the midst of a short covering rally since trading began on Monday. The majority of the upside move and breaching of the $4/mmbtu is mostly driven by a technical move as the overall fundamentals have not changed all that much over the last week or so. Technically the spot futures contract is now in a new higher trading range of $4/mmbtu on the support side and $4.16/mmbtu as the upper resistance level. I am still of the view that the market will need fundamentals support to sustain a move to the upside from current levels.

May 15 2013 8:20 AM

Brent crude oil slid toward $102 on Wednesday as rising supply and waning demand kept a lid on prices. The commodity traded at $102.22 at 7:47 GMT on Wednesday morning. The Wall Street Journal reported that a figures from the International Energy Agency on Tuesday showed that output from the Organization of Petroleum Exporting Countries increased to 30.7 million barrels per day from 200,000 bpd. According to the IEA, that exceeds the world's needs by about 1.8 million barrels.