July 30, 2014 3:00 pm
West Texas Intermediate crude trimmed its daily gains and Brent remained on negative territory during late European trading as rising gasoline and distillate fuel inventories offset better-than-expected US GDP growth in the second quarter. Geopolitical tension in several key regions continued to be a supportive factor, albeit to a lesser extent. On the New York […]
Read moreJuly 30, 2014 1:42 pm
Gold futures were pressured during midday trade in Europe today, while silver steadied, after the US posted a better-than-expected advanced GDP reading. Meanwhile, copper futures were higher, boosted by the preliminary GDP figure. Gold futures for August settlement stood at $1 295.3 per troy ounce at 13:36 GMT in New York today, down 0.22%. Prices […]
Read moreJuly 30, 2014 12:10 pm
Natural gas futures fell on Wednesday ahead of Thursdays government supply report which is poised to show a much larger-than-average build in US natural gas inventories. Bearish short-term weather patterns kept the market pressured, but moves to the downside were limited by expectations for a decent warm-up starting this weekend. On the New York Mercantile […]
Read moreJuly 30, 2014 10:00 am
Wheat futures stood higher during early trade in Europe today, after reaching a four-year bottom on Tuesday. Beans and corn were lower, as harvest projections and improving US weather boosted bearish sentiment. Weather reports project a week of limited rainfall for the Midwest, which should not affect crops too much, as temperatures remain near-to-below normal, […]
Read moreJuly 30, 2014 8:38 am
Both West Texas Intermediate and Brent crude benchmarks were little changed on Wednesday as market players eyed upcoming US supplies statistics, as well as the outcome of FOMCs two-day policy meeting and US Q2 GDP growth. Geopolitical tension in several key regions kept a floor under prices. On the New York Mercantile Exchange, WTI crude […]
Read moreJuly 30, 2014 7:22 am
Gold futures were steady during morning trade in Europe today, as investors eye key US economic reports and the conclusion of the Feds meeting. The conflicts in Ukraine and Gaza continued to offer background support for the safe haven metal. Gold futures for August settlement stood unchanged for the day at $1 298.3 per troy […]
Read moreJuly 29, 2014 2:52 pm
West Texas Intermediate fell in late European trading on Tuesday, while Brent swung between gains and losses, as ample global supply offset geopolitical tension in several regions of key importance for the oil market. Investors awaited the release of US crude oil inventories statistics, as well as all-important data from the US and Eurozone later […]
Read moreJuly 29, 2014 1:24 pm
Gold and silver futures traded higher during midday in Europe today, as safe-haven demand climbed, stemming from conflicts in Ukraine and Gaza. Meanwhile, copper futures were lower, as traders priced in an increase in output projections. Gold futures for delivery in August traded at $1 308.2 per troy ounce at 13:05 GMT in New York […]
Read moreJuly 29, 2014 12:14 pm
Natural gas rose back to positive daily territory half way through Tuesday but remained close to Mondays 8-1/2-month low as weather patterns across most of the US high-consuming states remained bearish. However, the current below-seasonal readings are expected to give way to a moderate warming in the second week of August, boosting cooling demand. On […]
Read moreJuly 29, 2014 9:56 am
Grains futures slid during early trade in Europe today, after rallying on poor rainfall projections for the US on Monday, which pressured crops outlooks. The US Department of Agriculture (USDA) posted steady weekly crop figures yesterday. Weather reports project a week of limited rainfall for the Midwest, which should not affect crops too much, as […]
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