World oil prices have advanced after the US government reported
a surprisingly large decline in the nation's oil inventories. US benchmark
West Texas Intermediate for September delivery gained 73 cents to $103.12 a
barrel in its first day of trade
Gold prices edged lower, as negotiators worked to end fighting between Israel and Hamas.
Gold for August delivery, the most actively traded contract, on Wednesday fell $US1.60, or 0.1 per cent to $US1,304.70 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices wavered between gains and losses for much of the day.
Base metals on the London Metal Exchange closed mixed as most
prices consolidated but copper found support as a major company in China,
the world's biggest buyer of the metal, avoided a debt default.
Source: Internet Date 2014-07-24 Time 12:17:41