January 12, 2015 1:14 pm
West Texas Intermediate and Brent crude slid from the lowest in more than 5-1/2 years as Goldman Sachs cut its price outlook for the year and signaled oil must become cheaper to force a curb of US shale investment. Prospects of cheaper oil were seen as beneficial for the European economy, guiding European shares higher, […]
Read moreJanuary 12, 2015 9:13 am
Natural gas dropped on Monday, snapping two days of gains, as forecasting agencies projected close to or above-seasonal readings late this week. Natural gas for delivery in February traded 2.68% lower at $2.867 per million British thermal units at 8:58 GMT, having shifted in a daily range of $2.934-$2.865. The energy source edged up 0.65% […]
Read moreJanuary 12, 2015 8:56 am
Gold gained on Monday to its highest in a month after weaker-than-expected US wages data hurt the dollar, while providing support for the precious metal. Comex gold for delivery in February climbed 0.50% to $1 222.2 per troy ounce by 08:34 GMT, having shifted in a daily range between $1 217.5 and $1 231.3, its […]
Read moreJanuary 12, 2015 8:40 am
West Texas Intermediate and Brent crude slid from the lowest in more than 5-1/2 years as Goldman Sachs cut its price outlook for the year and signaled oil must become cheaper to force a curb of US shale investment, while Venezuela called on other OPEC members to work together on recovering the oil market. US […]
Read moreJanuary 11, 2015 10:33 am
Natural gas rose for a second day on Friday, trimming a weekly decline, after the Energy Information Administration reported a larger-than-expected inventory withdrawal last week and short-term forecasts called for colder weather. Gains, however, were capped as extended forecasts pointed to mild conditions across most of the US later in January. On the New York […]
Read moreJanuary 9, 2015 12:25 pm
Gold was little changed ahead of Fridays US jobs report and was headed for its best week in a month. Copper fell to a fresh 4-1/2-year low following another set of downbeat data from top consumer China and as industrial production in Germany and France contracted in November. Comex gold for delivery in February climbed […]
Read moreJanuary 9, 2015 9:20 am
Natural gas edged up for a second session on Friday after the Energy Information Administration reported a US storage withdrawal slightly above analysts’ forecasts. Natural gas for delivery in February traded 1.91% higher at $2.983 per million British thermal units at 8:57 GMT, having shifted in a daily range of $2.990-$2.954. The energy source rose […]
Read moreJanuary 9, 2015 9:03 am
West Texas Intermediate and Brent crude were on track to post a seventh weekly decline as OPEC members showed no signs of curbing production, while another set of poor economic data from China fanned negative sentiment for demand from the worlds top energy consumer. Support was drawn by signs of US economic strength and amid […]
Read moreJanuary 9, 2015 8:17 am
Gold edged up on Friday to end two days of losses ahead of the US December employment report, heading to its first weekly increase in a month after it was boosted by Greek political turmoil and strong Chinese demand. Comex gold for delivery in February climbed 0.22% to $1 211.1 per troy ounce by 07:58 […]
Read moreJanuary 8, 2015 3:55 pm
Natural gas jumped to session high after the Energy Information Administration reported a US storage withdrawal slightly above analysts forecasts. However, gains were capped by extended weather forecasts calling for warmer weather across most of the US. Natural gas for delivery in February traded 1.22% higher at $2.906 per million British thermal units at 15:38 […]
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