23 Jun '11, 12pm

Crude Oil May Bounce on EU Summit, Gold Chart Calls for Losses

Looking ahead, the absence of energy-specific economic data for the remainder of the week ought to see the link between crude and the S&P 500 reestablished, which argues for a bearish bias at the moment as futures contracts tracking the US benchmark stock index sink to the tune of 0.5 percent ahead of the opening bell in New York. Broadly speaking, this makes sense. Chinese and Euro Zone PMI readings showed continued slowdown in both regions while yesterday’s FOMC announcement painted a stark picture of lackluster performance coupled with the absence of further stimulus. Plainly put, all three of the world’s top economic growth engines now look worse than before, pointing to a weak second half of 2011 for oil demand.

Full article: http://sg.news.yahoo.com/crude-oil-may-bounce-eu-11220081...

Tweets

Comex Gold, Silver Lower as U.S. Dollar Index S...

sg.news.yahoo.com 23 Jun '11, 2pm

(Kitco News) - Comex gold and silver futures prices are trading solidly lower Thursday morning, as sharply lower crude oil...

Comex Gold, Silver Weaker amid Lower Crude Oil,...

sg.news.yahoo.com 20 Jun '11, 9pm

(Kitco News) - Comex gold and silver futures prices are trading modestly lower Monday morning, as lower crude oil prices a...

Aviation stocks rally on fall in crude oil

sg.news.yahoo.com 24 Jun '11, 8am

Mumbai, June 24 (PTI) Led by Jet Airways (India), aviation stocks surged by up to 10 per cent in morning trade on the BSE ...

EU Sets Tough Targets for Utilities to Cut Energy Consumption

EU Sets Tough Targets for Utilities to Cut Ener...

greenbiz.com 24 Jun '11, 12pm

Energy companies will be forced to offset sales with energy-efficiency measures and public buildings face green makeovers ...