Thursday's Commodities Roundup
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Gold futures dropped more than &#36;5.50 an ounce to two-month lows Thursday as the U.S. dollar rose.
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Oil prices made fresh gains on Friday after leaping almost $2 a day earlier the US government said crude stocks sank for the sixth straight week last week and distillate fuels barely grew ahead of winter.
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Chips, bank slips and audio clips will rule the week ahead. Let's take a look.
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TESCO puts in another crackerjack trading performance. Sales, volumes, profits, divi all sharply up. Er, hmm ... whatâs on the telly tonight?
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Diet trend, high debt level cited. Interstate Bakeries had shown signs of financial trouble for months. Twinkies await sale on a shelf in a Wonder Bread outlet store in Lawrence, Kan.
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Investor's Business Daily - 1 Oct. crude shot up $1.68 to $79.91, an all-time high, after the gov&#39;t reported steeper-than-expected drawdowns in supplies. Those stocks fell 7.1 mil barrels last week, far more than the 2.4 mil barrels forecast. Heating oil surged 3.64 cents to $2.2191 a gallon, also a record. Analysts say heating oil supplies aren&#39;t as high as they should be this near to the winter season.
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European stocks extended recent gains on Thursday, with miners and oil stocks in the vanguard of the advance as metals and crude prices rose on commodities exchanges.
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A look at the top stories this week.
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Description: NPR&#39;s Alex Chadwick talks to Tess Vigeland of Marketplace about the week ahead in money and business. She reviews housing starts, inflation and the value of the dollar.
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Ready to shop today? Here are some Internet stock bargains.
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Plus: IBM, Yahoo post high...AMD posts loss...Sony TV unit struggling...Nokia on upswing...Apple beats expectations.
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ECONOMIC INDICATORS Housing and earnings will be the big topics this week. The price of oil could climb above $100 a barrel, and the markets could continue to be volatile.
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Stocks gained on Monday, on speculation the Federal Reserve will cut rates this week and as investors snapped up energy and material shares as commodities prices soared.
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Strength in tech stocks and steelmakers offset the drag of renewed dollar weakness on Asian share markets on Thursday, while gold hit a new 16-1/4-year high and oil moved back up toward &#36;50 a barrel.
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Key happenings this week in the retail and restaurant sectors.
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Plus: Adobe earnings, outlook top Street...TiVo swings to a loss...HP profit gains on cost cuts, cheaper components.
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Oil futures prices climbed above $46 a barrel yesterday after the US government reported that commercial inventories of crude and heating oil fell last week and as traders considered the effect of global supply snags and forecasts calling for colder weather.