Crude futures ended a wishy-washy session in the black, extending their quest for eight-month highs. Escalating tensions between Iran and the West continued to fuel supply concerns, thanks to a report that European Union (EU) leaders agreed in principle to an embargo on Iranian oil imports. Against this backdrop -- and ahead of tomorrow's holiday-delayed inventories report -- February-dated crude futures tacked on 26 cents, or 0.3%, to finish at $103.22 per barrel.
Gold futures also continued their climb today, as the aforementioned threat of oil disruptions from Iran and lingering concerns about European debt bolstered the malleable metal's safe-haven appeal. By the close, gold for February delivery added $12.20, or 0.8%, to end at $1,612.70 an ounce -- the front-month contract's best finish since Dec. 21.
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 Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 2015 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: firstname.lastname@example.org
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.