Crude Oil Hits Lowest Level Since June
Crude Oil continued to decline,
extending losses on the week and closing at multi-month lows.
Inventories rose more than expected and global demand was forecast lower for
2006.
With the treasury market closed for Veteran’s Day, and no
economic news released there was very little to drive the Dollar. The US Dollar
Index closed 0.07% lower on the session. The Dollar did post it’s second
consecutive weekly gain versus the Euro, hitting a 2-year high earlier in the
week.
Copper climbed to a second consecutive all-time high after the
Shanghai Futures Exchange reported that inventories rose less than forecast. It
was the fourth consecutive week of gains for the industrial metal.
The grains were higher as most of the trading moved onto the
new contracts.
TradingMarkets Commodities Watch List
| Commodity (Symbol) |
Price | Price Change | % Change |
|
Energies |
|||
| Crude Oil (CL) | 58.50 | -0.24 |
-0.41 |
| Heating Oil (HO) | 179.00 | -1.15 |
-0.64 |
| Unleaded Gas (HU) | 155.41 | -0.97 |
-0.62 |
| Natural Gas (NG) | 12.22 | +0.27 |
+2.23 |
|
Metals |
|||
| Gold (GC) | 469.40 | +1.70 |
+0.36 |
| Silver (SI) | 776.00 | +5.50 |
+0.71 |
| Copper (HG) | 190.55 | +3.40 |
+1.82 |
|
Grains |
|||
|
Corn (C) |
209.75 | +1.75 |
+0.84 |
| Wheat (W) | 328.25 | +2.25 |
+0.69 |
| Soybeans (S) | 601.50 | +14.00 |
+2.38 |
|
Softs |
|||
| Sugar (SB) | 11.48 | +0.02 |
+0.17 |
| Coffee (KC) | 110.75 | +0.15 |
+0.14 |
| Cocoa (CC) | 1348.00 | -29.00 |
-2.11 |
| Frozen Orange Juice (JO) | 122.45 | -0.65 |
-0.53 |
| Cotton (CT) | 54.27 | +0.72 |
+1.34 |
| Lumber (LB) | 33.90 | +1.00 |
+0.30 |
|
Livestock |
|||
| Lean Hogs (LH) | 67.30 | +0.50 |
+0.75 |
| Live Cattle (LC) | 93.45 | -0.90 |
-0.95 |
Economic News
No Economic News
Ashton Dorkins