November 4, 2014 1:00 pm
Both West Texas Intermediate and Brent benchmark crudes fell to the lowest in three and four years, respectively, after top OPEC producer Saudi Arabia cut its sales price to the United States, in spite of raising prices to Asia and Europe. A stronger dollar and expectations for a yet another build in US crude oil […]
Read moreNovember 4, 2014 9:53 am
Natural gas retained previous gains and held firmly above $4 as forecasts warned about sub-freezing temperatures across the Midwest and Northeast. On the New York Mercantile Exchange, natural gas for delivery in December fell 0.17% to $4.039 per million British thermal units by 9:38 GMT. Prices ranged between $4.069 and $4.029. The contract edged up […]
Read moreNovember 4, 2014 8:51 am
Gold fell for the fifth consecutive day to trade near the lowest in more than 4 years amid expectations the Federal Reserve is considering raising lending costs sooner than projected. The metal is likely to drop even further as the U.S. dollar strengthened and technical analysis points towards taking bearish positions. Comex gold for delivery […]
Read moreNovember 3, 2014 3:50 pm
Both West Texas Intermediate and Brent benchmark crudes fell in early US trading on Monday, dragged by a strong dollar and new signs of a slowing Chinese economy. Natural gas rallied amid speculations that cold weather across the eastern US would stoke high local heating demand. US December crude traded 0.56% lower at $80.09 per […]
Read moreNovember 3, 2014 2:05 pm
Both West Texas Intermediate and Brent benchmark crudes were little changed on Monday, dragged by a strong dollar and new signs of a slowing Chinese economy. Analysts eyed factory data from the US. US December crude traded 0.42% higher at $80.88 per barrel at 13:48 GMT, having shifted in a daily range of $80.98-$80.00. The […]
Read moreNovember 3, 2014 10:47 am
Natural gas kept gaining ground last week and extended its march on Monday as forecasts warned about sub-freezing temperatures across the Midwest and Northeast. On the New York Mercantile Exchange, natural gas for delivery in December gained 4.70% to $4.055 per million British thermal units by 10:26 GMT. Prices ranged between $4.065, the highest in […]
Read moreNovember 3, 2014 8:59 am
Gold fell for the fourth consecutive day to trade near its 4-year low and is likely to drop even further as the U.S. dollar strengthened and technical analysis points towards taking bearish positions. Comex gold for delivery in December traded at $1 169.7 per troy ounce at 8:21 GMT, down 0.16% on the day, having […]
Read moreNovember 2, 2014 10:28 am
Natural gas rose for a fourth day on Friday and capped its biggest weekly advance since February amid speculations that colder-than-usual weather in the eastern parts of the US will induce higher-than-normal local heating demand, narrowing inventory builds. Natural gas for delivery in December added 1.20% on Friday to settle the week 4.7% higher at […]
Read moreOctober 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. […]
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