NEW YORK, March 6- Gold rose 1 percent on Thursday, nearing four-month highs hit earlier in the week, as the dollar tumbled against the euro and oil, copper and corn climbed too, pushing commodities broadly higher. Gold prices were boosted by the European Central Bank's decision not to take fresh action to inject liquidity into the euro zone market.» Read More
CNBC's Sharon Epperson has the weekly data on crude oil demand and inventories.
Michael Langford, proprietary trader at StreamTrading.com, thinks that oil will be vulnerable to further corrections - not because of Gaddafi's death.
The death of Saudi Arabia’s Crown Prince Sultan brings into play the system for choosing a new heir to the country's throne, and as one of most high-profile governments still resisting changes brought on by the Arab Spring, the importance of communicating stability affects investor sentiment across the Arabian Peninsula and energy markets around the world.
Erik Wytenus, head of foreign exchange & commodities at J.P. Morgan Private Bank, says Brent Crude oil offers good long term value, because of OPEC's support.
CNBC's Bertha Coombs discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
A drop-off in gasoline sales and refineries reluctant to buy new crude supply should keep demand weak, as oil imports hit their lowest weekly level in 15 years.
Brent crude prices are likely to go down towards $100 a barrel as weak economic data around the world continues to hit demand, Stuart Joyner, oil and gas analyst at Investec, told CNBC Tuesday.
"Brent looks quite vulnerable to me and I do expect Brent to come down closer to $100 a barrel next year," Stuart Joyner, oil and gas analyst at Investec, told CNBC.
Andrew Su, CEO of Compass Global Markets, sees good value in safe heaven commodities gold and silver.
Dominic Schnider, head commodity research at UBS Wealth Management, says macro economic issues will keep driving commodity prices down.
Michael Langford, proprietary trader at StreamTrading.com., says the commodity market is positioning for higher prices on the back of optimism coming from Europe.
The Fast Money traders with tomorrow's trade on Google. Also Dan Dicker, MercBloc president provides insight on copper & oil prices, and China's trade data, with the Fast Money traders.
Sandy Jadeja, chief technical analyst at City Index, joined CNBC for a technical look at the FTSE 100, NYMEX crude oil, and gold.