October 30, 2014 8:32 am
Both West Texas Intermediate and Brent benchmark crudes eased off yesterdays highs as the US dollar strengthened after policy makers concluded Feds bond-buying program and confirmed an interest rate hike at some point next year. OPEC comments regarding the state of the oil market, coupled with overall bullish US inventory data lent support. On the […]
Read moreOctober 29, 2014 3:38 pm
Natural gas rose for a second day on Wednesday on speculations that below-average temperatures across the Midwest and Northeast through the end of the week will induce considerable heating demand. However, extended weather forecasts showing mild conditions across most of the US in the first 10 days of November kept gains in check. On the […]
Read moreOctober 29, 2014 3:09 pm
Both West Texas Intermediate and Brent benchmark crudes raced ahead on Wednesday after better-than-projected US inventory figures by the Energy Information Administration signaled stable demand in the worlds top consumer. OPEC comments also helped lift the market. December US crude traded at $82.20 per barrel at 15:54 GMT, up 0.96% on the day, having earlier […]
Read moreOctober 29, 2014 2:24 pm
Gold fell to the lowest in more than two weeks before the FOMC concludes a two-day policy meeting, broadly expected to end its bond-buying program as the US economy builds momentum. Copper rose for a fifth day. Comex gold for delivery in December traded at $1 223.4 per troy ounce at 12:46 GMT, down 0.49% […]
Read moreOctober 29, 2014 10:26 am
Copper was little changed on Wednesday after rising for four straight days as investors avoided entering big positions ahead of the conclusion of FOMCs two-day policy meeting later today. The industrial metal drew support by a drop in output in Indonesia, while industrial production in Japan rose by the most in nine months. Comex copper […]
Read moreOctober 29, 2014 9:08 am
Gold held positions above a two-week low as investors weighed the strength of the U.S. economy based on mixed data before the Federal Reserve concludes a policy meeting at which it is expected to end its Quantitative Easing program. Comex gold for delivery in December traded at $1 228.8 per troy ounce at 8:50 GMT, […]
Read moreOctober 29, 2014 8:27 am
Both West Texas Intermediate and Brent benchmark crudes rose for a second day after private data showed a larger-than-projected decline in US refined products inventories, signaling accelerating fuel demand. Consumer confidence rising to the highest in seven years also fanned positive sentiment. December US crude traded at $81.81 per barrel at 7:58 GMT, up 0.48% […]
Read moreOctober 28, 2014 3:31 pm
Both West Texas Intermediate and Brent crude benchmarks rose on Tuesday, buoyed by a weaker dollar and a rally in European equities following upbeat results by a number of blue-chip companies. Allegedly bearish supply data by the EIA and a price forecast cut by Goldman Sachs limited gains. Natural gas held close to an 11-month […]
Read moreOctober 28, 2014 2:45 pm
Gold recovered after falling to the lowest in nearly two weeks as investors assessed mixed economic data from the US and weighed increased physical demand from Asia against the alleged conclusion of Feds Quantitative Easing program. Copper rose on speculation strike action will curb supply. A weaker dollar benefited both metals. Comex gold for delivery […]
Read moreOctober 28, 2014 1:23 pm
Copper rose for a fourth day and held near the highest level in two weeks as news for upcoming strikes at two major mines, coupled with expectations of higher Chinese demand, eased speculations for an expanding supply surplus. A weaker dollar was also beneficial. Comex copper for delivery in December traded 0.67% higher at $3.0845 […]
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