Crude-oil futures ended almost where they started today. The front-month contract benefited from easing supply concerns, after a meeting between President Barack Obama and Israeli Prime Minister Benjamin Netanyahu alleviated some fears over possible military action between Iran and Israel. On the other hand, demand worries continued to linger, as traders digested a downwardly revised growth outlook from China -- the No. 2 oil consumer in the world, behind the U.S. By the close, April-dated crude added 2 cents to finish at $106.72 per barrel.
Gold futures continued to backpedal today, but support from a weaker dollar helped the commodity keep its footing atop the $1,700 mark. China's downbeat growth forecast, as well as disappointing manufacturing data out of the euro zone, weighed on the precious metal, with gold for April delivery eventually giving back $5.90, or 0.3%, to end at $1,703.90 an ounce.
Levels to Watch in Trading:
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Recent XIV Action May Bode Well for Bulls
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