Commodities

Gold Eyes First Weekly Gain in Three as Fed Hurts Dollar

Gold rose on Friday and was on course for its first weekly gain since February as the dollar hit a five-week low following the Federal Reserve's cautious message on interest rates, making bullion cheaper for holders of non-U.S. currencies.

Oil Prices Steady, Outlook More Bearish

Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week's rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang.

Energy Drags Wall Street Lower

U.S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks down as a blizzard hit the U.S. Northeast.

Oil Slides, Hits 3-Month Lows as Saudi Output Rises

Oil tumbled on Tuesday after OPEC reported a rise in global crude stocks and a surprise output jump from its biggest member, Saudi Arabia, further pressuring prices that have now erased nearly all gains since OPEC announced output cuts in November.