October 7, 2014 1:18 pm
Natural gas swung between gains and losses as previous projections for a cold spell to hit large parts of the US in the third week of October gave way to more moderate weather forecasts, scaling down expectations for rising heating demand and paving the way for larger inventory builds. Market players anticipated another triple-digit inventory […]
Read moreOctober 7, 2014 10:17 am
Gold remained above the psychological barrier of $1 200 in European trading on Tuesday after profit taking pressured the dollar on Monday, allowing the precious metal to regain some lost ground. However, bearish sentiment continued to dominate the market amid speculations the US dollar will resume its upward momentum after the recent retracement. Comex gold […]
Read moreOctober 7, 2014 8:07 am
Both West Texas Intermediate and Brent crude benchmarks held steady in early European trade on Tuesday ahead of US supply data tomorrow that is expected to show a drop in both gasoline and distillate fuel supplies. A weaker dollar allowed WTI to hold ground above $90 but abundant global supplies weighed on the entire complex. […]
Read moreOctober 6, 2014 2:58 pm
Both West Texas Intermediate and Brent crude benchmarks extended losses in early US trading on Monday, despite a gauge of US dollar strength easing off a four-year high, amid ample supply and no outlook for Saudi Arabia to cut its output before a November 27 OPEC meeting. Natural gas fell. WTI for settlement in November […]
Read moreOctober 6, 2014 1:45 pm
Natural gas fell for the fourth time in five days, reversing last weeks advance, as short-term forecasts for overall mild weather across the US set the stage for more bigger-than-average inventory builds. On the New York Mercantile Exchange, natural gas for delivery in November slid 3.27% to $3.907 per million British thermal units by 13:22 […]
Read moreOctober 6, 2014 10:43 am
Gold futures fell to the lowest level since December amid expectations the Federal Reserve might move closer to raising interest rates after Fridays upbeat unemployment data, which sent the dollar soaring to the highest level in four years. Platinum slid to a five-year trough while silver plunged to the lowest since March 2010. Comex gold […]
Read moreOctober 6, 2014 7:43 am
Both West Texas Intermediate and Brent crude benchmarks were mostly unchanged on Monday, hovering near the previous weeks multi-month lows amid speculations that OPEC wont cut supply yet and as the US dollar remained near the highest level in four years. WTI futures for settlement in November were up 0.36% by 7:22 GMT to trade […]
Read moreOctober 5, 2014 7:03 am
Natural gas rose for the first time in four days on Friday to reverse its weekly decline ahead of a cold Canadian pattern and on signs that nationwide stockpiles at the start of the heating season will trail last years levels. Natural gas futures for settlement in November rose by 2.72% on the New York […]
Read moreOctober 5, 2014 6:29 am
Gold futures closed the week below the key support at $1 200 for the first time in more than nine months, as upbeat data from the US and a downturn for the euro boosted the dollar, which pressured non-interest bearing precious metals. Gold futures for delivery in December dropped 1.83% on Friday, closing at $1 […]
Read moreOctober 4, 2014 7:26 am
WTI and Brent futures slid this week, pressured by technical liquidation at the end of the quarter, strong dollar and speculation that Saudi Arabia is not looking to support prices. Bearish fundamentals were again the main protagonist in crudes story, with questionable demand outlooks and firm supply side. WTI crude for delivery in November on […]
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