September 5, 2014 9:47 am
Natural gas was mostly unchanged on Friday after losing over 6% in the previous three sessions, with weather forecasts calling for comfortable temperatures settling across most of the US in the coming days. A bearish supplies report by the Energy Information Administration on Thursday also helped maintain the bias to the downside. On the New […]
Read moreSeptember 5, 2014 7:10 am
Both West Texas Intermediate and Brent crude benchmarks were little changed after logging ~1% losses on Thursday ahead of a government report which may show the US economy added more than 200 000 jobs for the sixth consecutive month in August. Overall bullish supply data by the EIA on Thursday underpinned the market but a […]
Read moreSeptember 5, 2014 6:52 am
Gold futures were on the losing side during early trade in Europe today, as investors eye upcoming US employment data, seeking to further reinforce speculation of a rate hike, supporting the dollar. The ECB decision to lower lending rate to 0.05% weighed on the euro, further supporting the greenback. Meanwhile, developments over the crisis in […]
Read moreSeptember 4, 2014 3:07 pm
WTI and Brent futures were little changed at lower levels after the US reported largely expected crude oil inventory draws. Meanwhile, natural gas futures slid under pressure from a larger-than-expected build at natgas storage hubs in the US. On the New York Mercantile Exchange, WTI for settlement in October was down 0.64% to $94.93 per […]
Read moreSeptember 4, 2014 1:23 pm
Both West Texas Intermediate and Brent crude benchmarks fell on Thursday after posting sharp gains in the previous session as industry data showed an unexpected rise in US fuel stockpiles, while crude inventories fell less than projected. A strong dollar and Ukraine peace hopes further pressured prices. Investors eyed the upcoming EIA supplies report, as […]
Read moreSeptember 4, 2014 1:07 pm
Gold and silver futures were only slightly impacted by the major decision by the ECB to lower the central lending rate to a historic low of 0.05%. Meanwhile, copper futures gained as the ECB was seen supporting the real EU economy. Gold futures for December delivery on the Comex in New York traded at $1 […]
Read moreSeptember 4, 2014 11:48 am
Corn futures corrected some of Wednesdays losses, while wheat and soybeans were pressured further during early trade in Europe today. The USDA reported impeccable quality across all three crops in the US yesterday, reinforcing speculation that this year will see the highest harvests on record. Weather models project scattered showers across the Midwest and Northern […]
Read moreSeptember 4, 2014 11:25 am
Natural gas swung between minor gains and losses on Thursday after losing almost 5.5% the previous two sessions as market players weighed expectations for one of the smallest inventory builds during the replenishment season against prospects of cooling temperatures across most of the US. Natural gas for delivery in October added 0.13% by 11:06 GMT […]
Read moreSeptember 4, 2014 7:29 am
Gold futures were little changed during early trade in Europe today, as investors eye the upcoming ECB meeting, set to decide on further monetary stimulus for the struggling EU economy. US employment data is also on the radar, while expected developments on the crisis in Ukraine are also keenly monitored. Gold futures for December delivery […]
Read moreSeptember 4, 2014 7:22 am
Both West Texas Intermediate and Brent crude benchmarks fell on Thursday after posting sharp gains in the previous session as industry data showed an unexpected rise in US fuel stockpiles, while crude inventories fell less than projected. A strong dollar and Ukraine peace hopes further pressured prices. Investors eyed the upcoming EIA supplies report, as […]
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