CL
Crude oil fell below $98 a barrel on speculation that the government will report U.S. supplies rose to a three-month high. Crude inventories rose by 3 million barrels, or 0.8 percent, to 377.5 million in the week ended October 18. An advance of that size would leave stockpiles at the highest level since June 28. The EIA, the Energy Department’s statistical arm, will release its report covering last in Washington. The EIA postponed the release of its Weekly Petroleum Status Report scheduled for October 17 after a 16-day government shutdown led to the agency temporarily closing.
GOLD
Gold rose to a three-week high after payrolls in the U.S. climbed less than projected in September, increasing speculation that the Federal Reserve will maintain monetary stimulus to boost the economy. “The payrolls data is pushing gold higher as investors think the economy needs more support to gain momentum,” said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago.