CRUDE OIL: Oil futures
fell as concerns on Europe's demand for the commodity rose with Greece
failing to reach an agreement with its European lenders on Thursday.
This increased the chances of a potential Greece debt default to the
IMF. Concerns over a supply glut emerging in the refined products
segment lingered a day after the release of US reports that showed
inventories of gasoline to have increased unexpectedly by 680,000 in the
week ended Jun 19.
--NYMEX Aug futures (a barrel): $59.70 Thursday vs $60.27 Wednesday
GOLD: Gold futures fell for the fifth straight session on the outlook
that the US dollar will strengthen in the days to come. Upbeat data from the US supported expectations of a hike in US interest
rates in September. Further, market players analysed the Greece debt situation with the cash-strapped country failing to reach an agreement with its lenders on Thursday. Concerns arose that if Greece failed to secure financial aid by midnight Jun 30 then it may default on its debt repayment to the IMF. This pointed at further dollar strengthening.
--COMEX Aug futures (a troy ounce): $1,171.80 Thursday vs $1,172.90 Wednesday.
view more
--NYMEX Aug futures (a barrel): $59.70 Thursday vs $60.27 Wednesday
GOLD: Gold futures fell for the fifth straight session on the outlook
that the US dollar will strengthen in the days to come. Upbeat data from the US supported expectations of a hike in US interest
rates in September. Further, market players analysed the Greece debt situation with the cash-strapped country failing to reach an agreement with its lenders on Thursday. Concerns arose that if Greece failed to secure financial aid by midnight Jun 30 then it may default on its debt repayment to the IMF. This pointed at further dollar strengthening.
--COMEX Aug futures (a troy ounce): $1,171.80 Thursday vs $1,172.90 Wednesday.
view more
No comments:
Post a Comment