June 16, 2014 7:31 am
WTI and Brent futures continued upwards during early trade in Europe today. Iraq proved a significant bullish factor, as investors weighed the possibility of output disruptions from OPECs second-top oil producer. Elsewhere, the US economy, the largest consumer of oil, will see key data and policy decisions this week. West Texas Intermediate futures for settlement […]
Read moreJune 15, 2014 7:38 am
Natural gas fell on Friday on speculations that mild US weather in the short term will limit demand but settled the week higher after prices jumped by the most in four months on Thursday as the EIA reported a smaller-than-expected build in US natural gas inventories. On the New York Mercantile Exchange, natural gas futures […]
Read moreJune 15, 2014 5:51 am
Gold futures closed the week higher, as fihgting in Iraq worried investors, boosting demand for safe-havens. Also, below-par economic data from the US weighed on stocks, adding to golds appeal. Next week offers more key economic data, with a crucial US meeting on monetary policy, a dominant event on financial markets. Gold futures for delivery […]
Read moreJune 14, 2014 6:37 am
WTI and Brent futures logged sizable weekly gains, as trading ended on Friday. Iraq, a major oil producer and exporter, was the scene of intense fighting, as Islamist insurgents attacked cities. Elsewhere, the US logged a drop for crude oil inventories, further supporting contracts. Next week will see more key data from top oil-consuming economies. […]
Read moreJune 13, 2014 1:48 pm
WTI and Brent futures were steady during midday trade in Europe today. Crude contracts surged yesterday, as Iraq, a major oil producer and exporter, saw heavy and widespread fighting. Meanwhile, natural gas futures were lower, after a significant gain on smaller-than-expected US supplies injection on Thursday. West Texas Intermediate futures for settlement in July traded […]
Read moreJune 13, 2014 1:29 pm
Gold and silver futures were little changed during afternoon trade in Europe today, after safe-havens advanced confidently yesterday, as Iraq witnessed heavy fighting. Meanwhile, copper futures were up, boosted by steady industrial output gains in China. Gold futures for delivery in August traded for $1 272.8 per troy ounce at 13:27 GMT on the COMEX […]
Read moreJune 13, 2014 8:46 am
Natural gas futures were lower during early trade in Europe today. Thursday saw a massive gain for blue fuel contracts, after the US Energy Information Administration (EIA) revealed inventories levels had climbed slightly less than expected. Front month natural gas futures, due in July, dropped 0.44% at the New York Mercantile Exchange to trade for […]
Read moreJune 13, 2014 7:50 am
Gold futures were steady during early trade in Europe today. All commodities, and safe-havens in particular, received a major boost from the escalating conflict in Iraq, after the US expressed its resolve to support the Iraqi government, even militarily. Stocks fell on Thursday, and are headed for sizable weekly losses. Gold futures for delivery in […]
Read moreJune 13, 2014 6:52 am
WTI and Brent futures continued to extend their rally during early trade in Europe today. Both contracts received a major boost from the escalating conflict in Iraq, after the US expressed their resolve to support the Iraqi government, even militarily. Elsewhere, the US and China posted some encouraging data, further supporting crude oil. West Texas […]
Read moreJune 12, 2014 2:54 pm
WTI and Brent futures continued to advance during midday trade in Europe today, boosted by violence in Iraq and the reported drop for US crude oil inventories. Investors shrugged off some worse-than-expected US data earlier. Meanwhile, natural gas futures soared, as the US posted weekly figures on blue fuel stockpiles levels. West Texas Intermediate futures […]
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