Daily FNArena News - Commodities

Remember US$200 oil? Wasn’t that where we were headed?

Crude oil crashed through US$100 per barrel yesterday.

Apparently demand for spot uranium is on the rise. Though the spot price is not moving.

FX rates and deteriorating market conditions see both Standard Chartered and Barclays Capital revise commodity prices.

Investors worldwide cheered the recent fall in crude prices, but the beneficial effect will soon wear off suggests Standard Chartered.

While stronger physical demand may be needed to lift gold prices, some argue the price risk is still currently to the upside.

August proved a flat month for demand and pricing of yellow cake, despite ongoing problems at the Cigar Lake project in Canada.

Steel industry consultant MEPS notes strong steel prices should continue into September but will weaken into the end of the year and the early part of 2009.

Why has the US Mint suddenly run out of gold coins in a weak gold market?

The past week saw one deal concluded in the U3O8 spot market, but no price change.