December 17, 2014 4:14 pm
The Energy Information Administration said in its weekly crude oil inventories report that domestic production rose to a new record, while imports slid. US crude for delivery in February was up 0.57% for the day at $56.58 per barrel at 16:02 GMT, having shifted in a daily range of $56.82-$54.60. The contract settled unchanged at […]
Read moreDecember 17, 2014 1:44 pm
Gold held ground not far off the $1 200 mark before US policy makers conclude their last meeting for the year and as investors assessed tumbling oil prices and the possibility of Russia selling gold reserves. Silver, platinum and palladium rose. Copper slid under the pressure of ample supply, slowing Chinese manufacturing activity and as […]
Read moreDecember 17, 2014 12:06 pm
Natural gas rose on Wednesday, regaining some of yesterdays losses, as weather agencies predict colder temperatures through December, especially over the north-central and eastern US. On the New York Mercantile Exchange, natural gas for delivery in January rose 0.91% to $3.652 per million British thermal units by 11:53 GMT, having shifted in a daily range […]
Read moreDecember 17, 2014 9:23 am
West Texas Intermediate and Brent crude fell further on Wednesday as Russia echoing OPECs policy not to cut output exacerbated global oversupply concerns amid economic slowdown in Asia and Europe. US crude for delivery in February slid 1.28% to $55.54 by 8:58 GMT, having shifted in a daily range of $56.34-$54.96. The contract settled unchanged […]
Read moreDecember 17, 2014 8:29 am
Gold was little changed on Wednesday, holding in a narrow daily range, as investors avoided entering large positions before the conclusion of Feds last policy meeting this year. Comex gold for delivery in February gained 0.37% to $1 198.7 per troy ounce by 07:56 GMT, having shifted in a daily range of $1 199.8-$1 195.3 […]
Read moreDecember 16, 2014 3:06 pm
Gold held ground above $1 200 on Tuesday as a weak dollar eased pressure on the precious metal and investors sought safe haven amid turmoil in emerging market economies and tumbling commodity prices. Copper slid for a second day as Chinas manufacturing activity contracted but the fall was cushioned by better-than-expected data from Europe. Silver, […]
Read moreDecember 16, 2014 9:47 am
Natural gas gained for a second session in three on Tuesday as forecasts predicted a colder end of the year. On the New York Mercantile Exchange, natural gas for delivery in January rose 1.18% to $3.763 per million British thermal units by 9:26 GMT, having shifted in a daily range between $3.789 and $3.720 per […]
Read moreDecember 16, 2014 8:46 am
Both West Texas Intermediate and Brent benchmark crudes fell to new multi-year lows as Chinas manufacturing sector contracted for the first time in seven months, while both US and OPEC producers were not seen scaling back output in a push to defend market share. US crude for delivery in February traded at $55.22 per barrel […]
Read moreDecember 16, 2014 8:13 am
Gold fell for a fifth trading session on Tuesday, marking its biggest daily decrease so far this year amid plunging oil prices, as investors closely observe the Fed meetings outcome. Comex gold for delivery in February dropped 0.75% to $1 197.90 per troy ounce by 07:53 GMT, having shifted in a daily range of $1 […]
Read moreDecember 15, 2014 1:00 pm
Crude oil rebounded on Monday on supply contractions from two member countries but remained near five-year lows as the UAE said OPEC wont curb production to cushion the market. Natural gas advanced amid forecasts for a colder end to December. February US crude was up 0.52% for the day at $58.38 per barrel by 12:34 […]
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