CL
WTI Prices climbed the most since December 3. Supplies at Cushing, the delivery point for WTI futures, probably dropped for a third week. WTI for March delivery increased $2.13, or 2.1%, to $103.14 per barrel during the morning trades, while it recorded the highest settlement since October 10 yesterday when prices gained after the settlement, surging as much as 2.9% to $103.25 a barrel. Prices have rallied 5.1% this month. The volume of all futures traded was 25% above the 100-day average.
GOLD
Gold is falling for the second day from four months high, when a report showed China, the largest foreign U.S. creditor, reduced holdings U.S. Treasury debt in December by the most in two years as the Federal Reserve announced plans to slow asset purchases. The Communist nation reduced its position in U.S. government bonds by $47.8 billion, or 3.6%, to $1.27 trillion, the largest decline since December 2011, according to U.S. Treasury Department data released yesterday, so investors saw that as a bright spot for the greenback. Gold prices on spot trading declined by 0.4% this morning to be traded at $1316.85 per ounce, the lowest price during the early morning trades, declining from the high of $1323.06 per ounce.
