Tuesday, 27 January 2015

COMMODITIES
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CRUDE OIL: Futures settled lower on Monday following the Syriza party's victory in Greece on Sunday amid choppy trade. Comments from Abdalla el-Badri, the secretary-general of the Organization of the Petroleum Exporting Countries, initially aided prices. Abdalla el-Badri said that crude oil prices could rise to $200/bbl if no new investments were made on the supply-side.

--NYMEX Mar futures (a barrel): $45.15 Monday vs $45.59 Friday


GOLD: Futures slid Monday on profit sales and uncertainty following the outcome of the Greek elections. A rebound in the euro from 11-year lows, after newly-elected Greek Prime Minister Alexis Tsipras said that he intended to keep the Mediterranean country a part of the common currency region, also reduced demand for the precious metal.
--COMEX Feb futures (a troy ounce): $1,279.40 Monday vs $1,292.60 Friday.

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