2.3% Rise in Crude Oil Price Sets the Tone

May 5, 2016

West Texas Intermediate crude oil rose a whole dollar to $44.78 per barrel on news of the lowest U.S. production last week in nineteen months.  There was an implicit signal from Saudi Arabia that its official believe oil has bottomed and will rise further.  Comex gold is 0.3% higher at $1,278.50 per ounce. Firmer commodity […] More