December 26, 2014 8:51 am
Natural gas performed a slight rebound from a 27-month low on Friday amid weather forecasts pointing to a colder start to January but gains were capped by US inventories continuously narrowing down a deficit to the five-year average. On the New York Mercantile Exchange, natural gas for delivery in January traded 0.50% higher at $3.045 […]
Read moreDecember 25, 2014 11:47 am
Both West Texas Intermediate and Brent crude fell during Wednesdays shortened trading session as the Energy Information Administration reported that US crude oil inventories bulked up by the most in two months, exacerbating a global supply glut picture. US crude for delivery in February fell 2.24% yesterday to settle at $55.84 per barrel, having shifted […]
Read moreDecember 24, 2014 9:46 am
Both West Texas Intermediate and Brent crude retreated from the highest close in almost two weeks, dragged by a strong dollar and as major OPEC producers remained determined to defend their market share, with some showing readiness to boost output. Support was drawn by a continuously improving US economic outlook. US crude for delivery in […]
Read moreDecember 23, 2014 3:37 pm
Copper shifted between gains and losses on Tuesday despite US economic growth reaching the highest in more than a decade, dragged by a strong dollar and an unexpected drop in durable goods orders. Comex copper for delivery in March fell 0.37% to $2.8620 per pound by 15:22 GMT, having shifted in a daily range of […]
Read moreDecember 23, 2014 2:05 pm
Both West Texas Intermediate and Brent crude extended gains on Tuesday as better-than-expected third-quarter economic growth in the US fanned positive sentiment about oil demand in the worlds top consumer. Gains were capped as OPEC members reaffirmed their commitment not to cede market share. Natural gas advanced amid forecasts for a cold end to December. […]
Read moreDecember 23, 2014 10:55 am
Natural gas gained on Tuesday to end three consecutive days of declines as forecasting agencies projected a colder end to the year. On the New York Mercantile Exchange, natural gas for delivery in January gained 1.59% to $3.194 per million British thermal units by 10:26 GMT, having shifted in a daily range between $3.215 and […]
Read moreDecember 23, 2014 8:36 am
Gold edged up on Tuesday, trimming overnight losses, but remained near its latest three-week low as weak oil prices, a robust dollar and rallying global equities capped the precious metals gains. Comex gold for delivery in February gained 0.16% to $1 181.7 per troy ounce by 08:18 GMT, having shifted in a daily range of […]
Read moreDecember 23, 2014 8:28 am
Both West Texas Intermediate and Brent crude rose in early European trading on Tuesday ahead of supposedly upbeat US economic data that would brighten demand prospects in the worlds biggest consumer. Upside movement was capped as OPEC gave no signs of scaling back output, with Iraq joining other members in defending market share. US crude […]
Read moreDecember 22, 2014 2:37 pm
West Texas Intermediate and Brent crude reversed daily movement to extend a fourth weekly decline after Saudi Arabia indicated it is prepared to boost output, while also pledging, together with the UAE, to keep current production unchanged. Natural gas fell for a third day on forecast for mild weather in the short term. US crude […]
Read moreDecember 22, 2014 10:12 am
West Texas Intermediate and Brent crude rose for a second day as Saudi Arabia comments for a rebound in oil prices boosted sentiment, leading to general consensus the market will retain its current level through the end of the year. US crude for delivery in February stood 0.51% higher at $57.42 per barrel at 9:54 […]
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