January 13, 2015 2:08 pm
West Texas Intermediate and Brent crude extended declines into an eight week after the United Arab Emirates said it will stick with plans to expand production in the next two years despite a global supply glut that has slashed the market by more than a half. Expectations for a jump in US crude oil supplies […]
Read moreJanuary 13, 2015 11:43 am
Natural gas recovered the better half of its losses on Tuesday after the energy source dropped yesterday to its lowest in more than two years. Natural gas for delivery in February traded 3.33% higher at $2.888 per million British thermal units at 11:22 GMT, having shifted in a daily range of $2.911-$2.795. The energy source […]
Read moreJanuary 13, 2015 8:41 am
Gold gained for a third session on Tuesday to reach its highest in twelve weeks as investors sought safety in the metal amid plunging oil prices and weakness in equity markets. Comex gold for delivery in February climbed 0.84% to $1 243.1 per troy ounce by 08:10 GMT, having earlier risen to $1 243.1, the […]
Read moreJanuary 13, 2015 8:20 am
West Texas Intermediate and Brent crude extended an eight weekly decline after the United Arab Emirates said it will stick with plans to expand production in the next two years despite a global supply glut that slashed the market by more than a half. Expectations for a jump in US crude oil supplies offset a […]
Read moreJanuary 12, 2015 1:14 pm
West Texas Intermediate and Brent crude slid from the lowest in more than 5-1/2 years as Goldman Sachs cut its price outlook for the year and signaled oil must become cheaper to force a curb of US shale investment. Prospects of cheaper oil were seen as beneficial for the European economy, guiding European shares higher, […]
Read moreJanuary 12, 2015 9:13 am
Natural gas dropped on Monday, snapping two days of gains, as forecasting agencies projected close to or above-seasonal readings late this week. Natural gas for delivery in February traded 2.68% lower at $2.867 per million British thermal units at 8:58 GMT, having shifted in a daily range of $2.934-$2.865. The energy source edged up 0.65% […]
Read moreJanuary 12, 2015 8:56 am
Gold gained on Monday to its highest in a month after weaker-than-expected US wages data hurt the dollar, while providing support for the precious metal. Comex gold for delivery in February climbed 0.50% to $1 222.2 per troy ounce by 08:34 GMT, having shifted in a daily range between $1 217.5 and $1 231.3, its […]
Read moreJanuary 12, 2015 8:40 am
West Texas Intermediate and Brent crude slid from the lowest in more than 5-1/2 years as Goldman Sachs cut its price outlook for the year and signaled oil must become cheaper to force a curb of US shale investment, while Venezuela called on other OPEC members to work together on recovering the oil market. US […]
Read moreJanuary 11, 2015 10:33 am
Natural gas rose for a second day on Friday, trimming a weekly decline, after the Energy Information Administration reported a larger-than-expected inventory withdrawal last week and short-term forecasts called for colder weather. Gains, however, were capped as extended forecasts pointed to mild conditions across most of the US later in January. On the New York […]
Read moreJanuary 9, 2015 12:25 pm
Gold was little changed ahead of Fridays US jobs report and was headed for its best week in a month. Copper fell to a fresh 4-1/2-year low following another set of downbeat data from top consumer China and as industrial production in Germany and France contracted in November. Comex gold for delivery in February climbed […]
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