January 15, 2015 8:30 am
West Texas Intermediate and Brent crude swung back to losses after sharp overnight gains as US crude output reached a new record and Iraq said it will boost exports within weeks, while banks continued to cut price estimates for the year. US crude for delivery in February fell 1.28% to $47.86 per barrel by 8:02 […]
Read moreJanuary 14, 2015 4:18 pm
West Texas Intermediate crude trimmed its hard-earned gains and Brent swing back to losses after the Energy Information Administration reported a jump in all major US inventory categories, while the nations crude production surged to a new record. US crude for delivery in February traded at $46.08 per barrel at 15:46 GMT, up 0.41% on […]
Read moreJanuary 14, 2015 10:58 am
Gold eased further from a 12-week high following a broad-based sell-off in commodity markets after the World Bank cut its global growth forecast. Platinum, palladium and silver fell as well. Copper hit the lowest in more than five years, trailing oils rout. Comex gold for delivery in February dropped 0.42% to $1 229.2 per troy […]
Read moreJanuary 14, 2015 10:12 am
Natural gas rose for a second day, drifting further away from a 2-year low, before a report by the Energy Information Administration likely shows an above-average weekly drop in US stockpiles last week. However, forecasts for mild weather across the US in the coming 10 days limited gains. On the New York Mercantile Exchange, natural […]
Read moreJanuary 14, 2015 8:45 am
West Texas Intermediate and Brent crude extended an eight weekly decline on Wednesday as the UAE and Kuwait predicted a supply overhang will persist to at least the second half of 2015, while the World Bank cut its global economic growth outlook for the year. US crude oil inventories were seen rising last week, exacerbating […]
Read moreJanuary 14, 2015 8:06 am
Gold slipped on Wednesday to trade close a 12-week high as a drop in commodities pressured the yellow metal, despite the threat of a US rate hike and weakness in global growth. Comex gold for delivery in February dropped 0.32% to $1 230.5 per troy ounce by 07:48 GMT, shifting in a daily range of […]
Read moreJanuary 13, 2015 2:08 pm
West Texas Intermediate and Brent crude extended declines into an eight week after the United Arab Emirates said it will stick with plans to expand production in the next two years despite a global supply glut that has slashed the market by more than a half. Expectations for a jump in US crude oil supplies […]
Read moreJanuary 13, 2015 11:43 am
Natural gas recovered the better half of its losses on Tuesday after the energy source dropped yesterday to its lowest in more than two years. Natural gas for delivery in February traded 3.33% higher at $2.888 per million British thermal units at 11:22 GMT, having shifted in a daily range of $2.911-$2.795. The energy source […]
Read moreJanuary 13, 2015 8:41 am
Gold gained for a third session on Tuesday to reach its highest in twelve weeks as investors sought safety in the metal amid plunging oil prices and weakness in equity markets. Comex gold for delivery in February climbed 0.84% to $1 243.1 per troy ounce by 08:10 GMT, having earlier risen to $1 243.1, the […]
Read moreJanuary 13, 2015 8:20 am
West Texas Intermediate and Brent crude extended an eight weekly decline after the United Arab Emirates said it will stick with plans to expand production in the next two years despite a global supply glut that slashed the market by more than a half. Expectations for a jump in US crude oil supplies offset a […]
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