Precious metals funds worldwide bleed $1.2 billion, most since December '13: BofA Jul 31, 2015 02:15PM

By Sam Forgione

NEW YORK (Reuters) - Investors worldwide pulled $1.2 billion out of precious metals funds in the week ended July 29 on expectations for higher U.S. interest rates and weakness in Chinese shares, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

The outflows from the funds, which mainly invest in physical gold, were the biggest over any week since December 2013, according to the report, which also cited data from... (continue reading...)


The Carlyle Group (CG) Splits with Vermillion Commodity Fund Following Severe Drop in Assets Jul 31, 2015 02:13PM

Carlyle Group (Nasdaq: CG) is said to have parted ways with Vermillion Asset Management LLC’s Viridian commodity fund following severe underperformance.

The WSJ said that Vermillion's commodity fund saw its assets drop from $2 billion to less than $50 million ahead of the split. The fund was said to have lost 23 percent last year alone.

Carlyle bought a majority stake in Vermillion in 2005 and the assets were sold at the end of last month.

Drops in prices for nat gas,... (continue reading...)


UPDATE: Baker Hughes Total U.S. Rig Count -2 to 874, U.S. Oil Rigs Up 5 Jul 31, 2015 01:06PM

(Updated - July 31, 2015 1:06 PM EDT)

Baker Hughes total U.S. rig count declined 2 to 874. US oil rig count increased 5 to 664.


Oil down 5th week, U.S. crude loses most in July since 2008 Jul 31, 2015 12:35PM

By Barani Krishnan

NEW YORK (Reuters) - Oil prices fell on Friday, with U.S. crude set to post the largest monthly drop since the 2008 financial crisis, after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut.

Uncertainty ahead of key U.S. oil production and rig count data due later in the day also weighed on oil despite a weaker dollar on Friday that normally would be supportive to commodities.

That aside,... (continue reading...)


UPDATE: Natural Gas Inventory 52 bcf vs 55 bcf Expected Jul 30, 2015 10:31AM

(Updated - July 30, 2015 10:31 AM EDT)

Natural Gas Inventory 52 bcf vs 55 bcf Expected

Summary

Working gas in storage was 2,880 Bcf as of Friday, July 24, 2015, according to EIA estimates. This represents a net increase of 52 Bcf from the previous week. Stocks were 586 Bcf higher than last year at this time and 85 Bcf above the 5-year average of 2,795 Bcf. In the East Region, stocks were 60 Bcf below the 5-year average following net injections of 42 Bcf. Stocks in the... (continue reading...)


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