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EIA: U.S. crude inventories fall last week
The Energy Information Administration released its weekly report on U.S. crude inventories, showing a drop of 1.4 million barrels in the week ending May 27, compared to the previous reading's 4.2M draw, while analysts expected a drop of 2.7 million barrels.
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Gold wavers after ECB
Gold prices dithered on Thursday after the meeting of the European Central Bank that resulted in no change in the monetary policy, forcing the precious metal into sideways trading.
MorePalladium tumbles as commodities falter
Palladium prices tumbled today as demand on commodities slid in the markets due to worries over global growth, and as the referendum on Britain's future in the European Union nears.
MoreThe US dollar reduces its losses ahead of private-sector jobs data,
The US dollar reduced the decline during the European market on Thursday against most major currencies ahead of data, expected to show up, higher private-sector jobs in the United States during May, and monetary policy makers in the Council relies heavily on the improvement of labor market data to keep the implementation of raising interest rates during the cycle of this year.
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