Oil & Gold - Tale of 2 Commodities

23 March 2010 23 March 2010

BonTrade

The US House passed Obama administration's controversial healthcare plan. US stocks slid initially but then recovered and closed at new highs. Similar pattern was seen in oil prices. The front-month WTI crude oil price plummeted to 78.86 before closing at 81.6, up +1.1%. Apart from following footprints of stock markets, investors were also thrilled by the bullish comments from St Louis Fed President Bullard.