CL
Crude Oil eased by 45 points to 56.2 as evidence of rising crude supplies from OPEC members’ outweighed signs of a slowdown in U.S. output and Middle East tensions. Supported by conflict in Yemen and the prospect that lower prices are starting to curb U.S. shale output. A day earlier, the International Energy Agency, which advises industrialized countries, also reported a surge in OPEC production to 31 million bpd, which it said could delay a tightening in the global market. Talks between OPEC and other major producers triggered speculation about deals to cut production and supported oil prices.
GOLD
Gold bounced around all week holding under the $1200 level most of the week but reversed on Friday to end the week at 1203, Gold dropped to a low of 1200. Dollar strength after U.S. economic data showed CPI coming slightly above consensus at 1.80%, Gold rose slightly as increasing concerns related to the Greek debt crisis and a sell-off in China outweighed stronger than expected U.S. consumer data.
