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Natural gas futures tumble after bearish EIA supply data

January 29, 2015 4:05 pm
Natural gas slid to the lowest in almost 3-1/2 years after data by the Energy Information Administration showed that US natural gas stockpiles registered a decline well below analysts expectations last week, gaining on deficits. Natural gas for delivery in March plunged 5.28% to $2.692 per million British thermal units by 15:54 GMT, shortly after […] Read more

Commodities trading outlook: gold slides after Fed meeting, copper dips

January 29, 2015 11:44 am
Gold fell on Thursday to mark its third decline for the week as the Federal Reserve indicated that the US economy is on the right track to an interest rate hike. Silver, platinum and palladium fell as well. Copper headed for its worst monthly drop in more than three years amid a stronger dollar and […] Read more

Natural gas trading outlook: futures gain on cooler readings, EIA data eyed

January 29, 2015 10:40 am
Natural gas rose on Thursday, trimming its weekly decline, as the outlook for cooler readings across the northern and eastern US implied higher heating demand. However, mild weather across the remaining portions of the US, coupled with expectations for a smaller-than-average inventory decline last week capped gains. Natural gas for delivery in March rose 2.67% […] Read more

Gold trading outlook: futures fall after Fed meeting

January 29, 2015 8:13 am
Gold fell on Thursday to mark its third decline during the week as the Federal Reserve indicated that the US economy is on the right track to an interest rate hike. Comex gold for delivery in February slid 0.37% to $1 281.1 per troy ounce by 07:52 GMT, shifting in a daily range of $1 […] Read more

WTI futures tumble as US crude output reaches new record

January 28, 2015 4:14 pm
West Texas Intermediate hovered near the lowest in almost six years after the Energy Information Administration reported that US crude production surged to the highest in more than three decades last week, while inventories of crude oil surged to a record as well. US crude for delivery in March traded 2.60% lower at $45.03 per […] Read more

Commodities trading outlook: gold falls ahead of Fed decision, copper gains

January 28, 2015 11:00 am
Gold traded in a narrow range on Wednesday as investors weighed the possibility for an interest rate increase as an outcome of the Federal Reserve’s two-day policy meeting. Silver fell as well, while copper gained. Comex gold for delivery in February slid 0.39% to $1 286.7 per troy ounce by 12:34 GMT, shifting in a […] Read more

Natural gas trading outlook: futures drop as Northeast blizzard dissipates

January 28, 2015 10:05 am
Natural gas fell on Wednesday as the blizzard that recently brought heavy snows across the Northeast dissipated, leaving behind only below-average readings, while most of the remaining portions of the US remained near or warmer than usual. Natural gas for delivery in March fell 2.76% to $2.854 per million British thermal units by 9:40 GMT, […] Read more

Crude oil trading outlook: futures swing to losses on inventory jump

January 28, 2015 9:09 am
Both West Texas Intermediate and Brent crude returned to losses on Wednesday following a dollar-induced rally the prior session as a private report showed a much larger than expected build in US crude oil inventories, while the dollar firmed. US crude for delivery in March traded 1.62% lower at $45.48 per barrel at 8:46 GMT, […] Read more

Gold trading outlook: futures slide before Fed decision

January 28, 2015 8:08 am
Gold fell on Wednesday as investors weighed the possibility for an interest rate increase as an outcome from the Federal Reserves two-day policy meeting. Comex gold for delivery in February slid 0.36% to $1 287.1 per troy ounce by 07:46 GMT, shifting in a daily range of $1 293.3 – $1 286.6. The precious metal […] Read more