Archive for March 7th, 2011

New Overnight Developments Abroad - Daily Update

Commodities Higher and Dollar Lower on Middle East Worries

March 7, 2011

WTI crude oil advanced 2.0% to $106.55 per barrel, and Brent, which is better correlated with gasoline, is at $116.92 per barrel.  Gold rose 0.8% to $1439.40 per ounce, and silver hit another 31-year peak. A Libyan civil war intensified over the weekend, and investors are bracing for Saudi Arabia’s “Day of Rage” on Friday.  […] More