December 16, 2014 8:13 am
Gold fell for a fifth trading session on Tuesday, marking its biggest daily decrease so far this year amid plunging oil prices, as investors closely observe the Fed meetings outcome. Comex gold for delivery in February dropped 0.75% to $1 197.90 per troy ounce by 07:53 GMT, having shifted in a daily range of $1 […]
Read moreDecember 15, 2014 1:00 pm
Crude oil rebounded on Monday on supply contractions from two member countries but remained near five-year lows as the UAE said OPEC wont curb production to cushion the market. Natural gas advanced amid forecasts for a colder end to December. February US crude was up 0.52% for the day at $58.38 per barrel by 12:34 […]
Read moreDecember 15, 2014 10:08 am
Copper rose on Monday, resisting a drop in oil prices to new multi-year lows, as downbeat figures from China last week raised hopes of additional stimulus measures and as data later today might show a rebound in US industrial production. Comex copper for delivery in March rose by 0.31% to $2.9430 per pound by 9:46 […]
Read moreDecember 15, 2014 9:35 am
Gold marked it fourth consecutive decline on Monday, after it reached its biggest weekly increase in two months as FED officials prepare to meet tomorrow. Comex gold for delivery in February dropped 0.80% to $1 212.7 per troy ounce by 09:06 GMT, having shifted in a daily range of $1 225.0-$1 210.8 an ounce. The […]
Read moreDecember 15, 2014 8:36 am
Natural gas extended Fridays hefty gains as weather patterns for the end of the month continued to trend colder during the weekend, providing support after recent bearish headwinds. On the New York Mercantile Exchange, natural gas for delivery in January rose 2.48% to $3.889 per million British thermal units by 8:13 GMT, having shifted in […]
Read moreDecember 15, 2014 8:11 am
Both WTI and Brent increased on Monday, despite the United Arab Emirates announcement that OPEC would not reduce its output even if prices go as low as $40 per barrel. January US crude gained 0.59% on Monday to $58.15 per barrel by 08:00 GMT. Prices held in a daily range between $58.73 and $56.25 a […]
Read moreDecember 14, 2014 9:14 am
Both WTI and Brent futures decreased on Friday, marking four out of five trading sessions of declines during the week, as the oil market remained oversupplied on discounts from OPECs top three. WTI crude for delivery in January on the New York Mercantile Exchange lost 3.57% on Friday to settle the week 12.20% lower at […]
Read moreDecember 13, 2014 8:50 am
Natural gas increased on Friday, after swinging between losses and gains through the week as forecasts of incoming colder weather and bearish EIA report provided mixed data to traders. On the New York Mercantile Exchange, natural gas for delivery in January settled 4.43% higher on Friday at $3.795 per million British thermal units, but not […]
Read moreDecember 12, 2014 10:08 am
Natural gas increased for a third time this week on Friday, despite bearish EIA report, as forecasts predict Cold Canadian air will flow into the US. Natural gas for delivery in January gained 1.62% to $3.693 per million British thermal units by 9:55 GMT. Prices held in a daily range between $3.775 and $3.614. The […]
Read moreDecember 12, 2014 8:56 am
Gold fell on Friday as strong US economic data lifted the dollar, boosting the possibility of earlier rate hike, and offset increasing Chinese demand. Comex gold for delivery in February dropped 0.17% to $1 223.5 per troy ounce by 08:43 GMT, having shifted in a daily range of $1 233.4-$1 216.4 an ounce. The precious […]
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