May 23, 2014 7:23 am
WTI futures remained near an 11-week high early in Europe, while Brent was also orbiting a monthly peak. Falling US supplies are still the major force supporting crude contracts. Improving sentiment for China, the EU and mixed economic data from the US were unable to further elevate oil, after it reached “preposterously high” levels. Elsewhere, […]
Read moreMay 22, 2014 1:29 pm
WTI futures were stable today, while Brent futures were supported by battles in Ukraine. Earlier, a bullish factory report from China boosted positive sentiment for the world’s second oil consumer. However, prices could hardly go further upwards, after the US weekly inventories report lifted prices to what some analysts called “preposterous levels” yesterday. Meanwhile, natural […]
Read moreMay 22, 2014 12:46 pm
Precious metals received ample support from the crisis in Ukraine today. Yesterday the detailed report of the Federal Reserve’s April meeting offered strong backing for US stocks, lowering the investment appeal of gold and silver. Assets at the SPDR recorded a new six-year low on Wednesday. Meanwhile, copper futures gained, as China reported a better-than-expected […]
Read moreMay 22, 2014 9:55 am
Natural gas futures regained ground during early trading in Europe today, after losing some yesterday, when a huge gas deal between China and Russia was signed. Later today the US Energy Information Administration will reveal natural gas stockpile levels for the week through May 16, and analysts expect further gains. Front month natural gas futures, […]
Read moreMay 22, 2014 8:31 am
Precious metals received limited support early today, as India reported easing of import limitations. Yesterday the detailed report of the Federal Reserves April meeting offered generous support for US stocks, pressuring gold and silver. Assets at the SPDR recorded a new six-year low on Wednesday, signaling the diminishing investor interest in havens. Elsewhere, Ukraine is […]
Read moreMay 22, 2014 7:01 am
Crude oil futures were stable during early trading in Europe today. A bullish factory report from China boosted positive sentiment for the worlds second oil consumer. However, prices could hardly go further upwards, after the US weekly inventories report lifted prices to what some analysts called “preposterous levels” yesterday. Elsewhere, Ukraine is preparing for the […]
Read moreMay 21, 2014 3:04 pm
Crude oil futures received generous support from a bullish report on inventories in the US. Stockpiles were reported to have dropped some 8 million barrels. Elsewhere, Ukraine saw further confrontations on Tuesday, when the country’s richest man urged for peace and unity ahead of the presidential election on May 25. Meanwhile, natural gas futures orbited […]
Read moreMay 21, 2014 1:44 pm
Precious metals were pressured during trading in Europe today, ahead of Fed’s minutes release. Assets at the SPDR dropped to a five-year low on Tuesday. Elsewhere, Ukraine saw further confrontations on Tuesday. Meanwhile, copper futures dropped on profit-taking and construction outlooks in top-consumer China, ahead of factory data from China and housing reports from the […]
Read moreMay 21, 2014 12:15 pm
Grains were relatively steady during pre-noon trade in Europe today. Yesterday, wheat and corn dropped as weather over the US was forecast to be favorable for crops. Soybeans gained on tight supplies worldwide. Heat and drought concerns over Russia and Kazakhstan offered some support for wheat. Weather reports for Europe project a very hot and […]
Read moreMay 21, 2014 9:47 am
Natural gas futures orbited Tuesdays closing price during early trading in Europe today. Over the past two days the blue fuel recorded sizable gains, as the warm weather over the US is expected to bump up power demand. Meanwhile, the relatively high temperatures are forecast to extend their stay through the weekend, and to rise […]
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