Light Sweet Crude oil has been under severe pressure for the past seven days due to worries of over supply, it dipped below $70 intra day only to recover and recapture it and register a close at $70.5
The FTSE 100(UKX) put in a positive performance yesterday closing up 40 points, with the banking sector leading the recovery, offsetting weakness in the mining sector as Gold remains vulnerable to fur
US gold futures settled below $US1170 an ounce in choppy trade on Friday, losing 4 per cent as better-than-expected jobs data sent the US dollar sharply higher, triggering heavy margin selling.