November 10, 2014 1:48 pm
Both West Texas Intermediate and Brent crude benchmarks rose to the highest in a week following better-than-expected trade data from China, as well as supply disruptions in Libya. A weaker dollar also eased pressure on the oil market but speculations that OPEC will most likely retain its current production pace kept gains checked. December US […]
Read moreNovember 10, 2014 9:52 am
Natural gas continued its rise and reached a new high as forecasts warned about sub-freezing temperatures in the north-central US and colder-than-normal weather across the majority of the country. On the New York Mercantile Exchange, natural gas for delivery in December gained 2.38% to $4.517 per million British thermal units by 9:22 GMT. Prices ranged […]
Read moreNovember 10, 2014 8:32 am
Gold remains under a key technical level after a strong increase on Friday as U.S. non-farm payrolls came in weaker than expected. Comex gold for delivery in December traded at $1 170.9 per troy ounce at 7:27 GMT, up 0.09% on the day. On Friday the precious metal fell to $1 130.4, its lowest since […]
Read moreNovember 7, 2014 9:38 am
Natural gas was set for a sizable weekly gain following a new high four-month high on Thursday amid expectations of cold weather over the Midwest and interior Northeast that will drive higher heating demand. On the New York Mercantile Exchange, natural gas for delivery in December fell 0.30% to $4.391 per million British thermal units […]
Read moreNovember 7, 2014 9:00 am
Gold fell to a fresh 4-1/2 year low as the dollar rallied on optimistic economic expectations and the thought of Fed officials raising interests rate sooner as todays US jobs report could back up the strengthening economy. Comex gold for delivery in December traded at $1 144.0 per troy ounce at 8:38 GMT, up 0.12% […]
Read moreNovember 6, 2014 3:56 pm
Natural gas pared its weekly advance on Thursday after the Energy Information Administration reported a larger-than-expected build in US natural gas inventories in the week ended October 31st. However, the energy source remained on track to post a sizable weekly gain amid strong heating demand expectations in the Midwest and Northeast. On the New York […]
Read moreNovember 6, 2014 2:07 pm
Both West Texas Intermediate and Brent benchmark crudes fell on Thursday after rising on Wednesday as ample global supply offset some output concerns from the Middle East and overall upbeat inventory data from the US. A strong US dollar kept dragging on the market. December US crude fell 0.95% to $77.93 per barrel by 13:46 […]
Read moreNovember 6, 2014 10:14 am
Natural gas held around $4.2, not far off from a four-month high, amid strong heating demand expectations in the Midwest and Northeast due to arctic air flows from Canada. On the New York Mercantile Exchange, natural gas for delivery in December fell 0.10% to $4.190 per million British thermal units by 9:58 GMT. Prices ranged […]
Read moreNovember 6, 2014 9:00 am
Gold continued its downtrend for a seventh consecutive day, almost reaching its lowest since April 2010, as investors dumped the save-haven metal, the dollar held strong and assets in the SPDR Gold Trust fell. Comex gold for delivery in December traded at $1 144.4 per troy ounce at 8:42 GMT, down 0.11% on the day, […]
Read moreNovember 5, 2014 4:02 pm
Both West Texas Intermediate and Brent crude benchmarks gained ground on Wednesday after the Energy Information Administration reported a smaller-than-expected build in US crude inventories last week, while refined products dropped. US crude for settlement in December added 1.71% to trade at $78.51 per barrel at 15:42 GMT on the New York Mercantile Exchange. Prices […]
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