Oil Ends Day Hardly Changed, Gold Continues Extended Slide
ICM Brokers | Jul 03, 2015 02:38AM ET
CL
Crude oil prices ended little changed on Thursday, as the first weekly gain in the U.S. rig count this year cut earlier gains. Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes (NYSE:BHI). The firm said the number of rigs drilling for oil rose by 12 this week, the first rise since December.
GOLD
Gold futures continued their extended slide on Thursday, falling to a three-month low, in spite of a weaker dollar pushed down by a relatively soft U.S. jobs report. The Labor Department said on Thursday nonfarm payrolls rose 223,000 last month, after a downwardly revised 254,000 increase in May, with construction and government employment unchanged, and the mining sector purging more jobs. April payrolls were also lowered, meaning 60,000 fewer jobs were created during the two months than previously reported. The unemployment rate fell two-tenths of a percentage point to 5.3%, the lowest since April 2008, but that was a sign of weakness, as 432,000 people dropped out of the labor force.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.