January 24, 2015 8:46 am
West Texas Intermediate capped an eight weekly decline in nine on Friday as US crude oil inventories surged by the most in 14 years, exacerbating concerns of a global supply glut, while initial speculations that the death of Saudi Arabias King Abdullah may cause a shift in the kingdoms oil policy dissipated. A strong dollar […]
Read moreJanuary 23, 2015 1:41 pm
Gold fell on Friday on a firmer dollar but still hovered near the highest in five months after the European Central Bank introduced an asset-purchasing program and ahead of a Greek vote, the outcome of which may lead to the country leaving the Eurozone. Silver, platinum and palladium fell as well. Copper headed for a […]
Read moreJanuary 23, 2015 11:28 am
Natural gas rose on Friday, paring a weekly decline, as weather forecasts called for a cold start to February across the Great Lakes and Northeast. However, expectations for the remaining portions of the US to remain near or warmer than normal, coupled with a much thinner inventory decline to come, kept gains in check. Natural […]
Read moreJanuary 23, 2015 10:07 am
Both West Texas Intermediate and Brent crude rose on Friday after the death of King Abdullah of Saudi Arabia spurred uncertainty whether the worlds biggest crude exporter will retain its current supply policy under the rule of his successor King Salman. Better-than-expected manufacturing data from China also provided some support but gains were capped by […]
Read moreJanuary 23, 2015 8:17 am
Gold fell on Friday to trade near its highest level in five months, heading for a third weekly increase after the European Central Bank introduced an asset-purchasing program. Comex gold for delivery in February fell 0.55% to $1 293.5 per troy ounce by 07:58 GMT, shifting in a daily range of $1 302.9 – $1 […]
Read moreJanuary 22, 2015 3:56 pm
Natural gas fell to session lows after the Energy Information Administration reported a smaller-than-expected inventory decline last week, albeit well above the five-year average. Forecasts for mild weather across most of the US this week and the next further weighed on prices. Natural gas for delivery in February traded 4.64% lower at $2.836 per million […]
Read moreJanuary 22, 2015 12:17 pm
Natural gas fell on Thursday, paring overnight gains, as weather forecasts continued to call for warmer-than-usual weather across most of the US this week and the next. However, losses were capped as investors eyed todays EIA storage data, broadly expected to show a larger-than-average inventory decline last week. Natural gas for delivery in February traded […]
Read moreJanuary 22, 2015 10:06 am
Both West Texas Intermediate and Brent crude fell on Thursday amid an outlook for a stronger dollar and as projections for another weekly jump in US crude oil inventories exacerbated concerns of a global supply overhang. On the New York Mercantile Exchange, WTI for delivery in March fell 0.80% to $47.40 per barrel by 9:42 […]
Read moreJanuary 22, 2015 8:55 am
Gold slid on Thursday to trade below a five-month high amid stronger Asian equities and ahead of the European Central Banks announcement on a stimulus program. Comex gold for delivery in February fell 0.63% to $1 285.6 per troy ounce by 08:34 GMT, shifting in a daily range of $1 283.3 – $1 293.9. The […]
Read moreJanuary 21, 2015 11:07 am
Gold edged up on Wednesday to trade near $1 300 an once as worries about global growth and the possible launch of a quantitative easing program by the ECB prompted investors to seek the safety of the metal. Silver rose as well, while platinum and palladium were little changed. Copper fell on demand worries, albeit […]
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