Crude-oil futures reversed yesterday's pullback, as a weakening dollar and news of a decrease in Iranian oil exports buoyed the commodity. May-dated crude settled up $1.52, or 1.4%, at $106.87 per barrel. However, black gold suffered a 0.2% loss for the week. Gold futures rallied, as well, climbing higher as tensions in Iran incited demand for the lower-risk, "safe haven" precious metal. As the greenback faltered, gold for April delivery jumped $19.90, or 1.2%, to close at $1,662.40 an ounce -- its highest settlement of the past five days. For the week, gold added 0.4%.
Levels to Watch in Trading:
At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.
The One Overseas Market That's Trending Higher in 2014
Featured Partners: AOL DailyFinance
© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.