| Crude oil futures slid more than 2% on Wednesday as government data showed a bigger than expected build in gasoline and other petroleum products as demand levels remain weak. Crude for January delivery fell $1.95 to settle at $70.67 a barrel, marking its sixth straight day of declines. Figures from the US Energy Information Administration showed gasoline stockpiles rose 2.2m barrels at 216.3m barrels, exceeding analysts' forecasts of a 1.5m barrel increase. Distillate inventories rose 1.6m despite forecasts for a decline of 600,000 barrels. Crude inventories fell 3.8m barrels last week, the EIA reported, as imports fell. Among precious metals gold continued to lose its sparkle as interest in its appeal as an alternative investment fades. Gold, which has declined for four consecutive sessions, came under pressure as the dollar made initial gains against the euro. Gold for February delivery fell $32 to $1,120.90 an ounce in New York. |
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| Name | Price | 1 Day Change | 1 Day % Change | Units |
|---|---|---|---|---|
| Gold | $1,141.00 | -$5.75 | -0.50% | $/troy oz |
| Silver | $17.77 | -$0.34 | -1.88% | $/troy oz |
| Cattle | 162.11p | 0.000p | 0.00% | p/kg |
| Pigs | 139.08p | 0.000p | 0.00% | p/kg |
| Lamb | 171.21p | 0.000p | 0.00% | p/kg |
| Brent Crude | $74.42 | -$0.89 | -1.18% | $/barrel |
| Krugerrand | $1,192.40 | -$9.20 | -0.77% | $/troy oz |
| Palladium | $367.00 | -$7.00 | -1.87% | $/troy oz |
| Platinum | $1,422.00 | -$17.00 | -1.18% | $/troy oz |
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