Commodities

Oil Slips on Easing Mideast Tension

Brent crude was heading for its third straight weekly loss as fading worries over Syria and Iran helped ease risks to supply from the Middle East.

Gold Crushed Amid Global Rout

Gold futures are plunging to their lowest level since September 2010 as traders around the world react to the specter of the Federal Reserve paring back its bond buying later this year. The benchmark contract recently skidded $71.40, or 5.2%, to $1,303 a troy ounce.

Gold Continues to Climb, Near 1-Week Peak

Gold prices increased, holding near its highest level in more than a week, as a rebound in prices from a 2-year trough failed to curb investor appetite for the precious metal.

Valero Swings to 1Q Profit

The refining company turned a profit in the first quarter, as it continued to benefit from the use of cheaper, domestically produced oil.