Commodities

Crude Oil

On Wednesday, WTI oil prices declined by 0.3 percent to close at $45.1 per barrel after data showing a surge in domestic inventories while Brent oil rose on worries about Russian airstrikes in Syria. For the quarter, both Brent and U.S. crude were down 24 percent for their sharpest decline since the end of 2014.

Oil prices were broadly boosted in early trade by concern about a hurricane threatening energy infrastructure on the U.S. East Coast. Warplanes from Russia carried out air strikes against Islamic State targets in Syria, feeding worries about growing war in the Middle East. ...

Gold

Spot gold prices declined by 1.11 percent on Wednesday to close at $1114.6 per ounce as prices recorded its biggest quarterly loss in a year. U.S. jobs data came in stronger than expected and the market awaited clarity on the timing of a hotly anticipated U.S. interest rate rise.

That capped off gold's worst quarter since the third quarter of 2014, having fallen nearly 5 percent since July. It was its fifth successive quarter of losses, the longest such streak since 1997. ...

Base Metals

Base metals on the LME traded higher yesterday as reports of Chinese infrastructure spending raised risk appetite in the global markets and supported the base metals.

Also, investors were at bay ahead of Chinese national holiday and crucial data from the US and China. ...

Crude Oil

Nymex oil prices surged by around 2 percent and Brent jumped by more than 3 percent on Tuesday to close at $45.2 and $47.5 per barrel respectively. Gains were witnessed as a result of expectations that data would show an accelerated slowdown in U.S. oil-production growth, despite global economic headwinds that could weigh on demand. ...

Gold

Spot gold prices declined by 0.4 percent yesterday to close at $1127.1 per ounce as stronger U.S. economic reports renewed speculation about higher interest rates thereby hurting investor appetite in the haven asset. The Conference Board said its index of consumer confidence rose to 103.0 in September from a revised 101.3 in August. ...

Base Metals

Base metals on the LME apart from Zinc traded lower yesterday as rising costs and falling product prices pushed profits earned by Chinese industrial companies lower to decline at the sharpest rate in four years in August.

Also, investors were at bay ahead of Chinese national holiday and crucial data from the US and China. ...