CRUDE OIL

Traders work on the floor of the New York Stock Exchange in New York

US futures trim losses after ADP report

Futures on major U.S. indices pared earlier losses on Wednesday after ADP reported that private-sector employment recorded the largest monthly gain in December.
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Spain's King Juan Carlos walks with members of Cepsa during his visit to a Cepsa refinery in Palos de la Frontera

Rising demand should push up crude oil prices in 2011

Many investment banks and commodity analysts have taken a highly bullish stance on crude oil prices for 2011, based largely on economic recovery in the U.S., continued money-printing by the Federal Reserve (thereby, weakening U.S. dollar) and persistent high demand from the emerging markets, particularly China and India.
Traders work on the floor of the New York Stock Exchange

US stocks open higher

US stocks advanced in early trade on Wednesday with S&P 500 Index advanced 1.63 points, or 0.13 percent, to trade at 1,260.14 at 10:00 a.m. EDT. The Dow Jones Industrial Average gained 24.86 points, or 0.21 percent, to trade at 11,600. The Nasdaq Composite Index gained 0.10 percent.
Traders work on the floor of the New York Stock Exchange

Wall Street set for slightly higher open

Futures on major U.S. stock indices point to modestly higher opening on Wednesday with futures on the S&P 500 up 0.10 percent, futures on the Dow Jones Industrial Average up 0.10 percent and Nasdaq100 futures up 0.25 percent.
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Wall Street set for lower open

Futures on major U.S. stock indices point to lower opening on Monday after China's central bank raised one-year lending and deposit interest rates for the second time in 2010 on Saturday.
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Gold price in Euro risen by 38 percent in 2010

The Gold Price in Euros has risen more than 38% so far in 2010. The Gold Price in Swiss Francs has also hit record highs. It looks as if the SNB will have to revoke its decision to stop intervening, says Steven Barrow, chief currency strategist at Standard Bank in London today.
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Gold Bullion Flows to China Jump as New Year 2011 Draws Near

A senior bullion logistics executive in Switzerland yesterday told BullionVault that shipments of Gold Bullion to China are running much higher – and have begun much earlier – to meet consumer demand for the Chinese New Year, which will start on 3rd Feb. 2011.
Traders work on the floor of the New York Stock Exchange

US Stocks Start Holiday Week On High Note

S&P 500 Index gained 3.00 points, or 0.24 percent, to trade at 1,246.91 at 09:50 a.m. EST. The Dow Jones Industrial Average is up 7.11 points, or 0.06 percent, to trade at 11,499.02. The Nasdaq Composite Index rose 0.20 percent to trade at 2,648.31.

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