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U.S. crude inventories rise more than expected
The Energy Information Administration released its weekly report on U.S. crude stocks, showing a rise of 5.3 million barrels in the week ending November 11, above expectations of 0.4 million, and adding to the previous reading's 2.4M buildup.
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Gold trapped in sideways trading after stemming decline
Gold prices were trapped in sideways trading on Wednesday for the second straight day after stemming the decline that pushed them to five-month lows, while the dollar kept rising today.
MoreU.S. industrial production stalls in October
U.S. industrial production didn't change in October, missing expectations of a 0.2% rise, while September's reading was revised to minus 0.2% from plus 0.1%.
MoreGold adds to losses as dollar hits new highs
Copper prices kept falling on Wednesday as the dollar kept rising and hitting new highs against major rivals, pressuring the industrial metal.
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