November 13, 2014 8:30 am
Brent traded near the lowest in more than four years after OPEC said demand for its crude will fall next year, while the groups major producers remained silent on whether they will cut output, reinforcing bearish sentiment. A strong dollar and expectations for a sixth weekly build in US inventories also dragged on prices. December […]
Read moreNovember 12, 2014 3:42 pm
Both West Texas Intermediate and Brent benchmark crudes hovered near the lowest in years amid a strong dollar and expectations for a sixth straight weekly build in US crude supplies. Falling OPEC output in October provided some support, but only to a limited extent, as the group is broadly expected to retain its current production […]
Read moreNovember 12, 2014 2:14 pm
Both West Texas Intermediate and Brent benchmark crudes fell on Wednesday and hovered near the lowest in years amid a strong dollar and expectations for a sixth straight weekly build in US crude supplies. Falling OPEC output in October provided some support, but only to a limited extent, as the group is broadly expected to […]
Read moreNovember 12, 2014 10:06 am
Natural gas continued to accumulate losses for a third consecutive day to drift further from a recently-hit four-month high on speculations of incoming warmer weather over the northern U.S. later this month. On the New York Mercantile Exchange, natural gas for delivery in December lost 1.34% to $4.190 per million British thermal units by 9:53 […]
Read moreNovember 12, 2014 9:31 am
Gold shifted between gains and losses after a moderate gain on Tuesday as the dollar remained strong near its four-year high while assets in the SPDR Gold Trust posted the longest losing streak in a year. Comex gold for delivery in December traded at $1 164.2 per troy ounce at 9:06 GMT, up 0.10% on […]
Read moreNovember 11, 2014 10:06 am
Natural gas continued its retreat from yesterdays four-month high on forecasts of moderating weather across the northern US later in the month. On the New York Mercantile Exchange, natural gas for delivery in December lost 2.61% to $4.144 per million British thermal units by 9:50 GMT. Prices ranged between $4.130 and $4.297. The contract fell […]
Read moreNovember 11, 2014 8:30 am
After its largest daily jump in five months on Friday, gold slid back to trade slightly above $1 130.4, its lowest since April 2010, as the dollar gained ground. Comex gold for delivery in December traded at $1 149.3 per troy ounce at 8:14 GMT, down 0.91% on the day. Prices held in a daily […]
Read moreNovember 10, 2014 3:35 pm
Brent crude rose for a second day following better-than-expected trade data from China, as well as supply disruptions in Libya and escalating tensions in eastern Ukraine. Natural gas reached a 4-1/2-month high as forecasts warned about sub-freezing temperatures in the north-central US and colder-than-normal weather across the majority of the country. A stronger dollar pared […]
Read moreNovember 10, 2014 1:48 pm
Both West Texas Intermediate and Brent crude benchmarks rose to the highest in a week following better-than-expected trade data from China, as well as supply disruptions in Libya. A weaker dollar also eased pressure on the oil market but speculations that OPEC will most likely retain its current production pace kept gains checked. December US […]
Read moreNovember 10, 2014 9:52 am
Natural gas continued its rise and reached a new high as forecasts warned about sub-freezing temperatures in the north-central US and colder-than-normal weather across the majority of the country. On the New York Mercantile Exchange, natural gas for delivery in December gained 2.38% to $4.517 per million British thermal units by 9:22 GMT. Prices ranged […]
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