CL
West Texas Intermediate crude settled above $100 for a fourth day this week on better-than-expected U.S. consumer confidence. Prices gained 0.4% since during the last week, capping the longest stretch of weekly increases in more than a year. WTI for March delivery dropped 5 cents to settle at $100.30 a barrel last Friday. Prices climbed to a four-month high of $100.37 on February 12. Volume was 5.5% above the 100-day average. The American oil started the week with 0.3% decline during the morning trades to be traded at $100.23 per barrel.
GOLD
Gold posted the biggest weekly gain since August as signs of a faltering recovery in the U.S. economy boosted demand for precious metals as a haven. U.S. factory production unexpectedly declined in January by the most since May 2009. The price closed above the 200-day moving average for the first time in a year. Gold futures for April delivery rose 1.4% to settle at $1,318.60 an ounce. last week, the price climbed 4.4%, the most since August 16. Today, the precious metal rose for the ninth straight session, extending the longest rally since July 2011, to record as high as $1329.91 per ounce during the early trades.
