Oil And Gold Analysis

New York (Nov 4)  CL-Crude fell below $95 a barrel for the first time since June on surging U.S, curbing commodity demand from investors. U.S. crude inventories climbed by 4.09 million barrels to 383.9 million last week, the most since June, data from the Energy Information Administration showed. Stockpiles at Cushing, Oklahoma, where WTI is delivered, advanced 2.18 million barrels to 35.5 million, a two-month high, according to the EIA, the Energy Department’s statistical arm.

GOLD
Gold declined 0.8 percent to close at $1,313. They have dropped 22 percent this year. Some investors lost faith in the metal amid a rally to a record in U.S. equities and muted inflation Gold prices on the Comex in New York have climbed 11 percent from a 34-month low of $1,179 an ounce in June, partly as demand for coins, bar and jewelry increased in Asia. China’s imports of the metal from Hong Kong more than doubled to 826 metric tons in the nine months ended Sept. 30 .