Light Crude oil at New York Mercantile for March 2011, delivery dropped 1.11% to $86.76 a barrel and reached the day high of $87.85 a barrel.
Consumer products at New York Mercantile for March 2011, delivery for Cocoa added +0.25% to $3,259 per metric ton, Coffee advanced +0.42% to ¢250.35 per pound, Cotton grew 2.70% to ¢172.40 per pound while Sugar increased +2.21% to ¢33.36 per pound.
US Gasoline at the Pump May Rise to $3.50 a Gallon by May
U.S. gasoline at the pump may rise 13 percent by May as crude oil in New York tops $100 a barrel and a recovering economy boosts fuel demand, according to analysts surveyed by Bloomberg News. Read More...
Oil Rises Most Since 2009 on Concern Egyptian Unrest to Spread
Oil surged the most since September 2009 as unrest in Egypt raised concern that protests would spread to major oil-producing parts of the Middle East. Crude gained 4.3 percent after a day of clashes between police and protesters demanding an end to Egyptian President Hosni Mubarak’s 30-year regime. Any disruption to Middle East oil supplies “could actually bring real harm,” U.S. Energy Secretary Steven Chu said on a conference call. Read More...
Gold Caps Worst Start to a Year Since 1997 as Investment Ebbs
Gold fell in New York, capping the worst start to a year since 1997, on speculation that an improving economy will erode demand for the precious metal as an alternative investment. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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