November 24, 2014 9:36 am
Both West Texas Intermediate and Brent crude were little changed after China surprisingly reduced its interest rates, before the long awaited OPEC meeting on Thursday this week. A strong dollar weighed on prices. January US crude fell 0.03% to $76.49 per barrel by 09:18 GMT. Prices held in a daily range of $76.95-$76.32 a barrel. […]
Read moreNovember 24, 2014 8:49 am
Gold hovered near $1 200 after Chinas central bank unexpectedly cut interest rates for the first time in more than two years on Friday, following up on monetary stimulus measures by the ECB and the Bank of Japan. A firm dollar, however, kept gains checked. Comex gold for delivery in December traded at $1 194.4 […]
Read moreNovember 23, 2014 10:24 am
Natural gas shed almost 5% on Friday as retreating Arctic temperatures gave way to milder conditions for the central and eastern US during the weekend, significantly reducing heating demand. The energy source, however, still registered a sizable weekly gain as US gas stockpiles fell more than expected last week and additional cold blasts are waiting […]
Read moreNovember 21, 2014 2:10 pm
Both West Texas Intermediate and Brent crude benchmarks headed for their first weekly gain since September after the Peoples Bank of China cut interest rates for the first time in more than two years in an attempt to jump-start the cooling Asian economy. Natural gas fell as Arctic temperatures over the Midwest and Northeast began […]
Read moreNovember 21, 2014 1:15 pm
Gold rose on Friday after the Peoples Bank of China cut benchmark interest rates to spur growth, recovering from earlier losses when the dollar strengthened against the euro. Copper gained as well. Comex gold for delivery in December rose by 0.59% to $1 197.9 per troy ounce by 12:46 GMT, having shifted in a daily […]
Read moreNovember 21, 2014 10:58 am
Natural gas fell on Friday as Arctic temperatures over the Midwest and Northeast began to fade, giving way to a warmer weekend. However, the energy source was still set for a sizable weekly gain, poised for more upside next week, amid forecasts for new cold blasts. Natural gas for delivery in December fell by 2.52% […]
Read moreNovember 21, 2014 10:02 am
Gold pared its weekly advance on Friday as the US dollar rallied against the euro after ECB President Mario Draghi outlined a dim prospect for the Eurozone in the medium-term. Increased central bank demand for bullion kept losses checked. Comex gold for delivery in December fell by 0.03% to $1 190.6 per troy ounce by […]
Read moreNovember 21, 2014 8:46 am
Both West Texas Intermediate and Brent crude rose on Friday as investors remained ambivalent about their expectations for the outcome of OPECs meeting in Vienna next week. Market players also eyed diplomatic developments between Iran and major world powers, while upbeat US data lent support. January US crude rose 0.45% to $76.19 per barrel by […]
Read moreNovember 20, 2014 4:04 pm
Natural gas spiked up to session high after the Energy Information Administration reported a larger-than-expected withdrawal in US stockpiles last week. Market players continued to eye short-term weather developments in the US, as well as extended forecasts for early-December. On the New York Mercantile Exchange, natural gas for delivery in December traded 0.82% higher at […]
Read moreNovember 20, 2014 1:08 pm
Gold fell on Thursday, pressured by a stronger dollar, as Fed minutes revealed policymakers feared weakening inflation, while also signaling optimism about the US economic recovery. Copper declined as disappointing manufacturing data from Europe and China spurred concerns about demand for the metal used in wiring and construction. Silver and palladium fell, while platinum was […]
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