Natural Gas Inventories Increase but Below Normal (UNG) May 24, 2012 11:14AM

Natural Gas inventories rose 77 bcf. This is higher than last week's inventory increase of 61 bcf, but below the average for this time of year. Natural Gas, often traded using the ETF (NYSE: UNG), is trading lower, paring gains made this week in the run-up to the data release.

UNG last traded at $19.16, down 1.35%.


Oil Moving Higher as Iran Talks Hit Snag May 24, 2012 11:12AM

During talks in Baghdad, western Powers ruled out sanction relief for Iran unless it carries out its part of the deal, prompting them to accuse westerners of creating "a difficult atmosphere", reports Reuters. So far there doesn't appear to be a break through - but there isn't a break down either.

"They are pushing back on enrichment and asking us to engage their plan," said a Western diplomat. "It is pretty tough going, but I don't think anyone ever expected anything else. We are moving forward, we are talking about the substance, we are looking for areas of common ground."

The price of oil has come down significantly since war-mongering in the region has become taboo, but this could change pretty quickly if there is a complete break down in talks. So far, this doesn't look like it will happen.

WTI futures are moving off yesterday's lows and are up about 1 percent. Economic concerns out of Europe have also weighed on the price. Oil is often traded using the ETFs (NYSE: USO) (NYSE: OIL).


EIA says US nat-gas stockpiles rose 77 bcf last week May 24, 2012 10:31AM

EIA says US nat-gas stockpiles rose 77 bcf last week


China Copper Consumption Indicator 2nd Highest on Record May 24, 2012 08:25AM

The price of copper is on the mend today, coming off levels that saw the metal testing fresh lows. The move comes as Goldman Sachs Group said its China copper consumption indicator fell 3.4 percent in April vs. a year earlier, but the level was still the second highest on record, according to a report issued by Goldman analyst, Max Layton.

DJ-UBS Copper Total Return Sub-Index ETN (NYSE: JJC), which tracks copper futures, closed at 43.81 yesterday, but should open higher since we are seeing a rebound in the price of copper futures this morning.


GLD Bouncing as Jobless Claims in Focus May 24, 2012 08:00AM

The price of spot gold, traded through ETF SPDR Gold Shares (NYSE: GLD), is higher in early trading on Thursday. The price tested lower yesterday but was rejected at $1533 and bounced to $1568. The price has been getting pushed lower due to recent strength in the USD Index, which is posting fresh highs on an almost daily basis. Gold traders are also eying economic data out of the US, as they attempt to read the tea leaves regarding US monetary policy and prospects for further QE. Jobless claims data out this morning could set the tone for gold.


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