Today’s Tuesday crude oil prices have witnessed a widespread trading and that after it achieved three sessions of gains respectively, but the fears still continue about a number of displays of crude oil in the international markets.
Right now the future contracts of American crude oil are trading at the level 43.47 USD for the barrel after it records the highest level 43.54 USD for the barrel while it opened today’s session at the level 43.47 USD for the barrel and it was recorded the lowest level 43.30 USD for the barrel.
Until now the crude oil prices observed gains in the weekly level and that after decreasing continued for five weeks, and this due to prices coherence and backing down in American stocks of crude oil during the last period.
From the other side, the fears still exist about a number of displays of crude oil in the international markets and that with an unstable in international demand levels added to rates increasing in shale oil production in the United States.
And at the end of today’s session American stocks data of crude oil issued according to American oil Academy data, and that’s making the prices vibrate during the Asian session and waiting for more events.
Gold prices get from the lowest level in 6 weeks.
gold prices have witnessed during the trading today’s Tuesday an increase after the big backing down which record it yesterday to the lowest level in six weeks, this came as a correcting move and collecting the profits after yesterday decreasing.
Right now the gold prices are trading at the level 1244.0 USD for ounce after it records the lowest level 1241.1 USD for ounce and it opened today’s session at 1242.6 USD for ounce recording the highest level 1244.5 USD for ounce.
The big decrease in gold prices yesterday came because of the recovery in the international shares index and that helped the demand of Safe Haven backed down in the markets, added to USD ability to increase although of goods demand data weakness in the United States.
Today the buying process to collect the profits observed on gold while the markets waiting for the Federal Reserve Bank members remarks, and it may help in changes in the markets especially after the big decrease which the gold record it yesterday.