October 31, 2014 3:03 pm
West Texas Intermediate crude headed for its biggest monthly decline in over two years, while Brent was on track for its sixth weekly loss, the longest losing streak since 2002, as OPEC raised its output to the highest in 14 months, according to a Bloomberg survey. Natural gas rose for a fourth day as colder […]
Read moreOctober 31, 2014 2:06 pm
Gold fell to the lowest level in more than four years as the US dollar rallied, freshly supported by a weaker yen after Bank of Japans surprising decision to expand its stimulus program. Improved risk appetite sent equities soaring, while also supporting copper which was on track to post its first monthly gain in three. […]
Read moreOctober 31, 2014 11:11 am
Natural gas rose for a fourth day and headed toward a sizable weekly gain amid speculations that cold weather over the eastern US will induce higher-than-average local heating demand. On the New York Mercantile Exchange, natural gas for delivery in December surged by 2.80% to $3.934 per million British thermal units by 10:46 GMT. Prices […]
Read moreOctober 31, 2014 10:01 am
Gold slid to the lowest since mid-2010 as the US dollar raced ahead, supported by a weaker yen, better-than-expected US economy growth and the Federal Reserve ending its QE program. Assets in the SPDR Gold Trust declined to the lowest in six years. Comex gold for delivery in December traded at $1 174.2 per troy […]
Read moreOctober 31, 2014 8:48 am
Both West Texas Intermediate and Brent crude benchmarks were on track to post their biggest monthly decline since May 2012 pressured by a rallying US dollar and as OPEC boosted its output in October, a Bloomberg survey showed. US crude for settlement in December fell 0.57% to $80.66 per barrel by 8:18 GMT, having shifted […]
Read moreOctober 30, 2014 2:59 pm
Natural gas clung to its daily gains on Thursday as an upcoming cold snap on the East Coast offset a slightly larger-than-projected build in US natural gas inventories. Gains, however, were capped as extended forecasts showed mild weather across the southern and central US. Natural gas for delivery in December traded at $3.809 per million […]
Read moreOctober 30, 2014 2:16 pm
Gold fell to the lowest since early-October as the US dollar raced forward after the Federal Reserve wrapped up its Quantitative Easing program, while the US economy expanded more than projected in the third quarter. Copper fell. Comex gold for delivery in December traded at $1 202.9 per troy ounce at 13:50 GMT, down 1.80% […]
Read moreOctober 30, 2014 1:17 pm
Natural gas rose for a third day as weather forecasts calling for cold weather across the eastern US spurred speculations for higher heating demand, but gains remained in check as extended outlooks showed mild temperatures across the central and southern US, limiting national natural gas usage. Market participants awaited the release of EIAs weekly storage […]
Read moreOctober 30, 2014 11:01 am
Gold fell to the lowest since early-October as the US dollar raced forward after the Federal Reserve wrapped up its Quantitative Easing program and said it might raise interest rates earlier than expected, provided the labor market completes an objective faster while prices remain stable. Comex gold for delivery in December traded at $1 205.3 […]
Read moreOctober 30, 2014 8:32 am
Both West Texas Intermediate and Brent benchmark crudes eased off yesterdays highs as the US dollar strengthened after policy makers concluded Feds bond-buying program and confirmed an interest rate hike at some point next year. OPEC comments regarding the state of the oil market, coupled with overall bullish US inventory data lent support. On the […]
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