The offensive in Gaza and a dispute between Ukraine and Russia over gas imports have kept tensions high over oil prices, although analysts are split over how much the conflict is affecting markets, according to the Associated Press. Rather it was evidence that OPEC cutbacks were taking hold supporting oil prices, with crude also getting support from new unrest in oil-rich Nigeria, according to the report.
Oil added $2.47 to settle at $48.81 a barrel, while gold gave up $21.70 to settle at $857.80 an ounce. The dollar was weaker against the euro and stronger against the pound and yen. Overseas, the FTSE in London and the DAX in Frankfurt were both edging higher Monday, while Japan's Nikkei Hong Kong's Hang Seng ended with gains.- Loading Comments...
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 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,246.97 | 1,093.01 | 2,151.08 | 34.82 |
Oil *
77.27
|
|
UP
20.03
|
DOWN
0.06
|
DOWN
2.98
|
DOWN
0.04
|
10 Yr
3.48%
SPDR Gold
108.39
|
|
+0.20%
|
-0.01%
|
-0.14%
|
-0.11%
|
Data delayed 20 minutes |
