Market Pulse - Commodities
Commodities: Oil rises as US output steady at record highs
Front month West Texas crude futures rose by $1. 83 to settle at $50. 99 per barrel on the NYMEX.
Banks probed by US regulators over price-rigging precious metals
A number of top-tier global investment banks are under investigation by U. S. regulators over possible price-fixing of precious metals such as gold and silver, according to The Wall Street Journal, who cited people close to the investigation.
OPEC to discuss emergency meeting as oil prices plummet
Members of the Organisation of the Petroleum Exporting Countries (OPEC) have discussed holding an emergency meeting.
Gold slides after Greece's unveils new debt repayment plans
Greece's decision to adopt a more accommodating stance to resolve its standoff with the European Union on repayment of debt saw gold prices fall on Tuesday.
Oil prices won't hit $100 a barrel for a long time, says BP CEO
Bob Dudley, the chief executive (CEO) of oil giants BP, has told investors to put the thought of $100-a-barrel oil out of their minds for a “long time. ” .