Oil prices up in Asian trade
November 12, 2009 by Trend PK
Filed under World News
Original Content.Thnewspk.com SINGAPORE: Oil prices hovered above $79 a barrel Thursday in Asia as investors eyed signs that U.S. crude demand remains weak.
Original Content.Thnewspk.com
SINGAPORE: Oil prices hovered above $79 a barrel Thursday in Asia as investors eyed signs that U.S. crude demand remains weak.
Benchmark crude for December delivery was down 2 cents to $79.26a barrel at midday Singapore time in electronic trading on the NewYork Mercantile Exchange. The contract added 23 cents to settle at$79.28 on Wednesday.
In other Nymex trading, heating oil was steady at $2.05 a gallon. Gasoline for December delivery held at $2.00 a gallon. Natural gasfor December delivery fell 2.3 cents to $4.48 per 1,000 cubic feet.
In London, Brent crude for December delivery rose 1 cent to$77.96 on the ICE Futures exchange.
Gold prices climb past $1,122
November 12, 2009 by Trend PK
Filed under World News
Original Content.Thnewspk.com KARACHI: Gold prices continued to climb in electronic trading on Thursday, with December gold reaching a contract high of more than $1,122 an ounce on bets that demand for the precious metal will remain strong against an extended backdrop of low interest rates. As of Wednesday, December gold has posted gains in every New York trading session so far this month, up $74.20 from the closing level of $1,040.40 on Oct
Original Content.Thnewspk.com
KARACHI: Gold prices continued to climb in electronic trading on Thursday, with December gold reaching a contract high of more than $1,122 an ounce on bets that demand for the precious metal will remain strong against an extended backdrop of low interest rates.
As of Wednesday, December gold has posted gains in every New York trading session so far this month, up $74.20 from the closing level of $1,040.40 on Oct. 30.
Gold for December delivery climbed as high as $1,122.30 an ounce by Thursday afternoon in Tokyo a fresh record high for the contract. It was last up $7.20 at $1,121.80.
The contract finished at a record of $1,114.60, up $12.10, or 1%, on Wednesday at the New York Mercantile Exchange.
