Phil Flynn - The PRICE Futures Group - Mon May 02, 9:36AM CDT
Crude oil ended the month of April with the strongest monthly gain in 7 years, adding 22% to the price. The low price caused “production destruction” and strong demand put the market on a trajectory of market balance. A study by Wood Mackenzie expects to see $91 billion in cap ex cuts... (full story)
Gold prices jumped to a 15-month high last week but on-coming US employment data may refocus attention on Fed rate hike chances, curbing anti-fiat demand and capping gains.
Gold prices break March swing top, challenge resistance near $1300/oz
Crude oil prices... (full story)