February 16, 2015 8:48 am
West Texas Intermediate and Brent crude dipped on Monday after rising for a third straight week as investors weighed a further drop in the number of active US oil rigs against analysts view that the market remains oversupplied, with no imminent change to come. A possible halt in Libyas entire crude output also lent some […]
Read moreFebruary 16, 2015 8:24 am
Gold edged up for a third session on Monday before the meeting of Europes finance ministers in Brussels who are set to discuss the financial future of Greece. Comex gold for delivery in April was up 0.38% at $1 231.8 per troy ounce at 07:56 GMT, shifting in a daily range of $1 233.6 – […]
Read moreFebruary 15, 2015 1:53 pm
Natural gas rallied on Friday, offsetting the prior sessions drop and snapping three straight weekly losses, as cold weather across the northern and eastern US spurred significantly stronger heating demand that is poised to keep inventory levels near the five-year average. Natural gas for delivery in March rose 3.35% on Friday to settle the week […]
Read moreFebruary 13, 2015 11:09 am
Natural gas rose for a fourth day this week, recovering from Thursdays drop spurred by a bearish EIA inventory report, as the northern and eastern US remained in the grip of colder-than-usual weather, inducing significantly stronger heating demand. Natural gas for delivery in March traded 0.41% higher at $2.724 per million British thermal units at […]
Read moreFebruary 13, 2015 10:21 am
Gold edged up for a second session on Friday, supported by political uncertainty in Europe and weaker US data, but nevertheless headed for a third weekly decline amid worries of a US rate hike. Copper rose to the highest in a month amid better-than-expected European growth data. Comex gold for delivery in April was up […]
Read moreFebruary 13, 2015 8:49 am
West Texas Intermediate and Brent crude extended hefty overnight gains as news of deeper capex cuts by oil companies fueled speculations a global supply glut that sent prices tumbling by almost 50% last year will be curbed. A softer US dollar also benefited the market. US crude for delivery in March rose 1.29% to $51.87 […]
Read moreFebruary 13, 2015 8:26 am
Gold edged up for a second session on Friday, supported by political uncertainty in Europe and weaker US data, but nevertheless headed for a third weekly decline amid worries of an interest rate hike in the US. Comex gold for delivery in April was up 0.76% at $1 230.0 per troy ounce at 07:56 GMT, […]
Read moreFebruary 12, 2015 3:52 pm
Natural gas reversed daily movement on Thursday after the Energy Information Administration reported a smaller-than-expected inventory decline last week. However, gains were capped as cold weather across the eastern and northern US induced significantly stronger heating demand. Natural gas for delivery in March traded 1.18% lower at $2.764 per million British thermal units at 15:34 […]
Read moreFebruary 12, 2015 10:16 am
Natural gas extended gains as forecasts for cold weather across the northern and eastern US fanned expectations for strong heating demand and as investors expected EIAs inventory report later today to show a withdrawal largely near the average. Natural gas for delivery in March traded 2.68% higher at $2.872 per million British thermal units at […]
Read moreFebruary 12, 2015 9:08 am
West Texas Intermediate and Brent crude rebounded after yesterdays bearish EIA supply data as Saudi Arabias powerful Oil Minister Ali al-Naimi discussed a recovery in oil pries amid improving demand. WTI crude for delivery in March traded 3.05% higher at $50.33 per barrel at 8:46 GMT, having shifted in a daily range of $50.41-$49.14. The […]
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