Asia Gold, Silver and Oil Price Outlook

By International Business Times,  August 02, 2012, 03:32:47 AM EDT

Bullish inventory data drives Crude Oil higher, precious metals finish in the Red

Crude Oil spent most of its pit session in an up-trend, getting a boost from bullish inventory data that showed a draw of 6.522-M bbls when a draw of 1.0-M bbls was anticipated.

The energy component climbed to a session high of 89.49 but then plummeted to a session low of 87.92 bbl in reaction to the little-changed FOMC statement.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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