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GS: Gold Seeker Closing Report:
  08 May 11:38
 
The Metals:

Gold and silver traded slightly higher in Asia and London and rose in early New York trade to as high as $923...
 
AP: Gold Prices Inch Higher as Dollar Weakens
  08 May 11:38
 
Gold prices are slightly higher as the dollar shows more weakness and stocks tumble on Wall Street...
 
RTRS: US gold ends up as optimism stirs inflation worries
  08 May 11:34
 
New York gold futures ended
higher for a fourth straight day on Thursday as market optimism
and recent positive U...
 
BLBG: Euro May Gain to $1.40 on ECB Bond Buying, BNP Paribas Says
  07 May 20:14
 
Ian Stannard, a senior currency strategist at BNP Paribas SA in London, comments on the European Central Bank’s decision to buy 60 billion euros ($80 billion) of covered bonds...
 
AP: Gold may weaken on better performance of equity mkts: report
  07 May 20:13
 
Gold, considered hedge against inflation, is expected to be bearish to trade in the range of 865-918 dollar an ounce, according to a report...
 
MW: Dollar falls as ECB offers euro relief
  07 May 20:12
 
British pound under pressure from Bank of England actions

The U...
 
MW: U.S. natural gas inventories rise 95 bcf last week
  07 May 20:12
 
U...
 
BLBG: Pound Declines After Bank of England Boosts Asset Purchases
  07 May 20:01
 
The pound fell for the first time in seven days against the dollar and dropped versus the euro after the Bank of England said it will spend an additional 50 billion pounds ($75 billion) of newly printed money to spur growth...
 
BLBG: Euro Rises Against Dollar as ECB Plans to Buy Covered Bonds
  07 May 20:00
 
The euro advanced against the dollar after the European Central Bank said it will purchase covered bonds to lower borrowing costs and counter the economic slump...
 
BLBG: Copper Steady as Jobless Claims Fall, Boosting Demand Prospects
  07 May 19:59
 
Copper was little changed and poised to rise in New York after a report showed the number of initial claims for unemployment benefits in the U...
 
MW: Consumers spring to life in April, giving retailers some hope
  07 May 19:57
 
Bottom may be reached, but a quick recovery\'s still out of sight, some caution

Helped by a timing shift for Easter, warmer weather and continued pent-up demand, U...
 
RTRS: Oil hits 2009 high, rises towards $58
  07 May 19:56
 
Oil rose toward $58 a barrel on Thursday, hitting a fresh 2009 high, as a surge in global stock markets raised expectations of economic improvement and a subsequent increase in demand for oil products...
 
MW: Initial jobless claims fall; record ongoing claims
  07 May 19:54
 
First-time claims for state unemployment benefits fell to the lowest level since late January, the Labor Department reported Thursday, in what may be a sign that a peak for pink slips has passed...
 
MW: Crude oil rises on stress tests, jobs optimism
  07 May 19:20
 
Lower European interest rates fuel hopes for global economy

Crude-oil futures rose more than 2% to trade near $58 on Thursday, as central banks in Europe took more measures to boost liquidity, while upbeat U...
 
CN: Oil rises to six-month high near $58
  07 May 19:19
 
Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to rebound by the end of the year...
 
RTRS: HIGHLIGHTS-Trichet comments after ECB cuts rates to 1.0 pct
  07 May 18:27
 
The following are comments by European Central Bank President Jean-Claude Trichet on Thursday after the bank cut interest rates to an all-time low of 1...
 
BLBG: U.K. Pound Drops After Bank of England Boosts Asset Purchases
  07 May 18:27
 
The U...
 
RTRS: U.S. jobless claims unexpectedly drop again last week
  07 May 18:24
 
The number of U...
 
BLBG: Canada’s Dollar Little Changed Before Stress Test, Jobs Reports
  07 May 18:20
 
Canada’s dollar was little changed against its U...
 
RTRS: Euro falls vs dlr. Trichet signals asset purchases
  07 May 18:19
 
The euro fell briefly against the dollar on Thursday after European Central Bank President Jean-Claude Trichet said the central bank plans to buy euro-denominated covered bonds...
 
MW: Crude oil futures add to gains after jobless data
  07 May 18:16
 
Crude oil futures added to earlier gains on Thursday, after the U...
 
MW: Dollar higher after jobless claims data
  07 May 18:16
 
The U...
 
RTRS: US 1st-qtr non-farm productivity up 0.8 pct
  07 May 18:15
 
U...
 
MW: Stock futures further gains after economic data
  07 May 18:07
 
U...
 
BLBG: U.S. Initial Jobless Claims Fell to Lowest Level in 3 Months
  07 May 18:04
 
The number of Americans filing claims for unemployment insurance unexpectedly fell last week to the lowest level in three months, a sign the worst of the job cuts may be over...
 
MW: U.S. productivity rises 0.8% in first quarter
  07 May 18:02
 
Productivity rose in the first quarter as U...
 
MW: Initial jobless claims fall; record ongoing claims
  07 May 18:01
 
First-time claims for state unemployment benefits fell to the lowest level since late January, the Labor Department reported Thursday, in a sign that a peak may have been passed...
 
ET: Rupee closes at 49.23 against dollar
  07 May 17:48
 
The rupee at 49...
 
BLBG: Oil May ‘Overshoot’ to $71.55, BarCap Says: Technical Analysis
  07 May 17:39
 
Oil may surge to $71...
 
BLBG: Oil Rises Above $58 on Speculation That Bank Crisis Is Ending
  07 May 17:39
 
Crude oil rose above $58 a barrel for the first time this year on speculation that the banking crisis and worldwide recession are ending, stoking demand for energy...
 
BLBG: Pound Declines After Bank of England Increases Asset Purchases
  07 May 17:38
 
The U...
 
BLBG: Euro Rises Against Dollar After ECB Cuts Rate to All-Time Low
  07 May 17:38
 
...
 
DJ PRECIOUS METALS: NY Gold Seen Up $9, Silver Up 28 Cents
  07 May 17:37
 
June gold futures are expected to open floor trading in New York around $9 an
ounce higher Thursday, based on electronic activity ahead of the pit session at
the Comex division of the New York Mercantile Exchange...
 
DJ BASE METALS: Comex Copper Seen 1/2 Cent Lower At Pit Open
  07 May 17:37
 
July copper futures are expected to open floor trading around 1/2 cent a
pound lower Thursday, based on electronic activity ahead of the pit session on
the Comex division of the New York Mercantile Exchange...
 
BLBG: Gold Advances for a Second Day in London on Inflation Concern
  07 May 17:36
 
Gold rose in London for a second day on speculation that central-bank measures to improve economies may trigger inflation and create demand for bullion as a hedge...
 
BLBG: Copper Rises to Three-Week Peak in London as Equities Advance
  07 May 17:33
 
Copper rose to a three-week peak in London, gaining as equities climbed on speculation that U...
 
BLBG: ECB Cuts Key Rate to Record Low of 1%, May Lengthen Bank Loans
  07 May 17:33
 
The European Central Bank cut its key interest rate to a record low of 1 percent today, and may offer banks longer-term loans to stem the region’s worst recession since World War II...
 
BLBG: BOE Increases Bond Purchase Plan, Rate Stays at 0.5% (Update1)
  07 May 17:32
 
The Bank of England said it will increase bond purchases to give the British economy a further push as it shows signs of emerging from the worst recession in a generation...
 
RTRS: Euro flat ahead of ECB, risk appetite hits yen
  07 May 17:31
 
The euro was mostly flat on Thursday, treading water ahead of the European Central Bank policy meeting, while rising risk appetite across markets lifted higher-yielding currencies at the expense of the Japanese yen...
 
MW: European Central Bank cuts key rate to 1%
  07 May 17:31
 
The European Central Bank cut its key interest rate by a quarter point to 1%, a new low for the Frankfurt-based central bank that sets interest rate policy in the euro zone...
 
RTRS: Oil hits 2009 high, rises towards $58
  07 May 17:31
 
Oil rose toward $58 a barrel on Thursday, hitting a fresh 2009 high, as a surge in global stock markets raised expectations of economic improvement and a subsequent increase in demand for oil products...
 
MW: EUR/USD Rises After ECB Cuts Refi Rate By 25BP As Expected
  07 May 17:29
 
...
 
MW: Bank of England surprises on bonds, ECB cuts
  07 May 17:28
 
The Bank of England on Thursday surprisingly increased a bond-purchasing program while the European Central Bank cut interest rates, as neither central bank was ready to endorse the view that the economy is on the road to recovery...
 
RTRS: ECB cuts key interest rate to new record low of 1%
  07 May 17:25
 
The European Central Bank cut its benchmark interest rate by 25 basis points to a new record low of 1...
 
RTRS: PRECIOUS-Gold climbs ahead of ECB, U.S. bank stress tests
  07 May 17:25
 
Gold rose more than 1 percent on Thursday as a break through the previous day\'s high sparked technical buying...
 
IND: Indian equities markets back in green
  07 May 12:32
 
Indian equities markets opened higher than their previous close Thursday with a key index opening more than 100 points higher and ruling 183...
 
BS: Rupee strengthens by 24 paise against $
  07 May 12:31
 
The Indian rupee appreciated by 24 paise against the $ in early trade today on increased capital inflows by foreign funds in the domestic bourses...
 
RTRS: Rupee rises to 2-½ month high on inflow hopes
  07 May 12:30
 
The rupee strengthened to a 2-½ month peak on Thursday as a rise in the local share market buoyed hopes for capital inflows, with gains in other Asian currencies also underpinning sentiment...
 
ET: Euro lower against dollar at $1.3309
  07 May 12:30
 
The euro was lower against the dollar Thursday as markets priced in expectations of a European Central Bank rate cut later Thursday...
 
GN: Yen hits 7-month low vs Aussie after strong data
  07 May 12:29
 
* Aussie hits 7-month highs vs yen, dollar after jobs data
* Aussie April employment jumps against all expectations
* Kiwi up as Q1 unemployment figures were not bad as feared
* Focus on whether ECB will announce unconventional measures
By Satomi Noguchi
TOKYO, May 7 (Reuters) - The yen fell against other major currencies on Thursday, hitting a seven-month low versus the Australian dollar as surprisingly strong regional jobs data boosted hopes that the worst of the global economic crisis may be over...
 
BLBG: Pound Advances for Third Day Against Euro, Trades at 87.87 Pence
  07 May 12:28
 
The U...
 
BLBG: Copper Nears Three-Week High in Asia on Recovery Optimism
  07 May 12:27
 
Copper climbed to the highest in almost three weeks in Asia on speculation an easing of the global recession may be near, signaling a recovery in raw material demand...
 
AB: METALS-Copper rises with equities, despite inventory jump
  07 May 12:26
 
* Metals track equities higher after U...
 
MY: Oil extends gains towards $57 after 5-mth high close
  07 May 12:25
 
* Oil heads towards $57 after five-month high settlement

* U...
 
BI: Oil jumps to US$56 on latest US data
  07 May 12:22
 
INTERNATIONAL...
 
BBJ: Asian rally shows no signs of abating
  07 May 12:22
 
A rally in Asian shares continued on Thursday as encouraging signs about the health of US banks and the state of the global economy bolstered riskier assets such as oil and hurt safe-havens such as the yen...
 
BLBG: Australia, New Zealand Dollars Surge on Better Jobless Numbers
  07 May 12:20
 
Australia’s dollar rose to a seven- month high and New Zealand’s reached the strongest level in three weeks as better-than-expected reports on jobs spurred optimism the global recession is easing...
 
RTRS: European stock futures point higher; cbanks eyed
  07 May 12:19
 
European futures pointed to a stronger stock market open on Thursday, with shares set to extend a winning streak to seven days as they tracked U...
 
RTRS; Oil rises towards $57 after 5-month high close
  07 May 12:19
 

Print | Close this window

Oil rises towards $57 after 5-month high close
Thu May 7, 2009 2:41am EDT
By Maryelle Demongeot

SINGAPORE (Reuters) - Oil extended gains toward $57 a barrel on Thursday, after settling at a five-month high in the previous session when a falling number of U...
 
CD: U.S. dollar heads down as China picks gold
  07 May 12:18
 
\"The U...
 
KH: Gold flat ahead of ‘stress tests’, ETF dips
  07 May 12:18
 
TOKYO - Gold was mostly unchanged on Thursday, holding around $910 ahead of the formal release of the results of the U...
 
BLBG: European Stock Futures, Asian Shares Rise; UBS, Banks May Gain
  07 May 12:17
 
European stock-index futures and Asian shares climbed on speculation that American banks don’t need as much capital as earlier projected and growing signs the worst of the global recession may be over...
 
RTRS: India copper may open low, gold seen steady
  07 May 12:16
 
India\'s copper futures are expected to open down on Thursday on profit-taking after prices hit their upper limit in the previous session, an analyst said...
 
ET: 'Crude oil could peak at $70 a barrel in 2009'
  06 May 20:23
 
Higher crude oil price normally has a negative impact on the stock markets, as it leads to higher inflation...
 
BLBG: Natural Gas Futures Gain Amid Signs U.S. Recession Is Easing
  06 May 20:22
 
Natural gas advanced for the third time in four days in New York after an employment report spurred speculation that demand for the power-plant and industrial fuel will recover faster than predicted...
 
BLBG: Pound Declines as Stress-Test Concern Boosts Demand for Safety
  06 May 20:22
 
The pound dropped against the euro as concern that some of the U...
 
BLBG: Canada’s Dollar Appreciates as Stock Futures, Commodities Gain
  06 May 20:21
 
Canada’s dollar strengthened, erasing an earlier decline, after U...
 
BLBG: Dollar Declines as Company Jobs Report Reduces Safety Demand
  06 May 20:20
 
The dollar declined against the Swedish krona and dropped to near a seven-month low against the Australian currency as U...
 
ND: CURRENCIES: Dollar Rises On Better-than-expected ADP Data
  06 May 20:19
 
The U...
 
BLBG: Copper Rises Most in 3 Weeks on Demand Speculation
  06 May 20:17
 
Copper rose the most in three weeks in London on speculation that demand is strengthening after stockpiles shrank and higher prices being paid for the metal in China suggest more supplies may be withdrawn from warehouses...
 
MW: Oil rises as inventories gain less than expected
  06 May 20:16
 
Crude-oil futures rose Wednesday after government data showed U...
 
BLBG: ADP Says U.S. Companies Reduced Payrolls by 491,000 Last Month
  06 May 19:28
 
Crude oil rose above $55 a barrel for the first time since November after the American Petroleum Institute said supplies of crude and gasoline declined in the U...
 
BLBG: Canada’s Dollar Appreciates as Stock Futures, Commodities Gain
  06 May 19:24
 
Canada’s dollar strengthened, erasing an earlier decline, after U...
 
MW: Crude tops $55 on inventories anticipation, weaker dollar
  06 May 19:23
 
Energy futures make broad early advance

Crude-oil futures rose above $55 a barrel Wednesday, gaining as a petroleum industry group reported U...
 
BLBG: Copper Prices Jump Most in a Week on Renewed Economic Optimism
  06 May 19:22
 
Copper prices jumped the most in a week after an industry report showed that the U...
 
MW: U.S. stocks open higher on jobs, banks optimism
  06 May 19:19
 
U...
 
BLBG: Oil Rises After API Says Crude, Gasoline Inventories Contracted
  06 May 18:40
 
Crude oil rose after the American Petroleum Institute said stockpiles of crude and gasoline fell last week in the U...
 
BLBG: Dollar Declines as Company Jobs Report Reduces Safety Demand
  06 May 18:37
 
The dollar declined against the euro as a report showed U...
 
BLBG: ADP Says U.S. Companies Reduced Payrolls by 491,000 (Update2)
  06 May 18:21
 
Companies in the U...
 
MW: Copper rises after ADP says fewer jobs lost
  06 May 18:19
 
Copper futures rallied more than 3% Wednesday after the ADP employment index showed private-sector employment fell by 491,000 jobs in April, less than some analysts had expected...
 
MW: Dollar gains after ADP says fewer jobs lost
  06 May 18:18
 
The U...
 
BLBG: ADP Says U.S. Companies Reduced Payrolls by 491,000 Last Month
  06 May 18:07
 
Companies in the U...
 
RTRS: Euro up vs dollar on better-than-expected ADP jobs data
  06 May 18:03
 
The euro rose against the dollar while the yen pared its gains against the U...
 
MW: Private-sector employment falls by 491,000 in April
  06 May 17:54
 
Smallest decline in six months, according to ADP employment index

Private-sector employment in the United States fell by 491,000 jobs in April, the smallest decline since October, according to the ADP employment index released Wednesday...
 
MW: Oil rises after API data show drop in inventories
  06 May 17:53
 
Crude-oil futures rose Wednesday after the American Petroleum Institute reported U...
 
BLBG: British Pound Declines Against the Dollar; Trades at $1.5031
  06 May 17:52
 
The pound declined against the dollar and was trading down 0...
 
BLBG: Gold Rises in London as Investors Increase Commodity Holdings
  06 May 17:51
 
Gold rose in London as investors increased commodity holdings on speculation the worst of the global recession is over...
 
BLBG: Copper Rises in London on Speculation About Continued Demand
  06 May 17:51
 
Copper rose in London on speculation about continued demand for the metal after stockpiles shrank for three weeks...
 
MW: U.S. April ADP employment falls 491,000
  06 May 17:51
 
Private-sector employment in the United States fell by 491,000 jobs in April, according to the ADP employment index released Wednesday...
 
RTRS: Oil steadies above $54 ahead of EIA data
  06 May 17:46
 
Oil held above $54 a barrel on Wednesday, supported by news of an unexpected fall in U...
 
RTRS: Dollar Thrifty posts narrower loss
  06 May 17:46
 
Car-rental company Dollar Thrifty Automotive Group Inc (DTG...
 
RTRS: India gold futures may trade higher on foreign cues
  06 May 17:44
 
India gold futures may tread higher this week tracking gains in foreign markets, where investors may turn to the yellow metal anticipating weak data on U...
 
DJ PRECIOUS METALS: NY Gold Seen Up $3, Silver Up 15 Cents
  06 May 17:44
 
June gold futures are expected to open floor trading in
New York around $3 an ounce higher Wednesday, based on electronic activity
ahead of the pit session at the Comex division of the New York Mercantile
Exchange...
 
ET: Gold up, demand down to a trickle
  06 May 17:39
 
Gold prices were higher on Wednesday on foreign cues and a weaker rupee, reducing purchases to a trickle, but dealers were hopeful the

wedding season, which lasts till the end of June, would keep a modest demand alive...
 
AFP: Oil prices lower in Asian trade
  06 May 11:11
 
Oil prices were lower in Asian trade Wednesday ahead of a report expected to show rising oil inventories in the United States, the world\'s biggest energy consumer...
 
BLBG: Pound Climbs to Four-Month High Against Dollar as Stocks Gain
  06 May 11:11
 
The pound rose to an almost four-month high against the dollar as reports showed the drop in U...
 
BLBG: Euro May Advance to $1.38, Citigroup Says: Technical Analysis
  06 May 11:09
 
The euro may appreciate to $1...
 
BLBG: Australian Dollar Slips From 7-Month High on Stress Test Fears
  06 May 11:09
 
The Australian dollar fell from a seven-month high versus the greenback as reports suggesting U...
 
BLBG: Crude Oil Is Little Changed on U.S. Bank Stress Test Concern
  06 May 11:08
 
Crude oil was little changed as concerns Federal Reserve stress tests on U...
 
BLBG: Yen, Dollar Rise on Speculation U.S. Banks Will Need More Funds
  06 May 11:03
 
The yen and the dollar rose against the euro as U...
 
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