Markets

Gold and Oil Futures Higher

Geopolitical concerns in the Middle East are fueling crude oil futures and making precious metals look even more precious in the eyes of investors.

Light sweet crude for April delivery jumped $6.54 to $96.25 a barrel, as a revolt in Libya prompted fears of supply constraints. On the latest contract's last day of trading, U.S. crude futures hit a 2-1/2 year high, rising close to 8 percent to more than $94 a barrel.

April gold futures rose $8.3 to $1396.9, also hit by bloody protests in North Africa and the Middle East.

Analysts expect safe-haven items such as the U.S. dollar, T-bonds, and gold to stay in demand.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More