October 23, 2014 11:43 am
Natural gas fell to the lowest since November as weather forecasts provided no concrete data for early-November widespread freezes, while the outlook for the remainder of October remained unchanged, showing mild weather across most of the US. Market players awaited the release of EIAs natural gas inventory data, due at 14:30 GMT, set to show […]
Read moreOctober 23, 2014 9:18 am
Gold drifted further away from a six-week high touched earlier in the week, pressured by a strong dollar and better-than-expected manufacturing data from the Eurozone, which sparked some confidence about the single currency blocs economy. Comex gold for delivery in December fell by 0.44% to $1 240.0 per troy ounce by 8:45 GMT, having shifted […]
Read moreOctober 23, 2014 7:35 am
Both West Texas Intermediate and Brent benchmark crudes fell to a one-week low and hovered near the lowest in years after data by the EIA showed a larger-than-expected build in US crude inventories, while domestic production remained near the highest in almost three decades. A pickup in Chinese manufacturing activity gave some support, but only […]
Read moreOctober 22, 2014 3:03 pm
West Texas Intermediate crude erased its daily gains after data by the Energy Information Administration showed that US crude oil inventories rose more than twice than expected, while US crude oil production remained near the highest in almost three decades. Brent pared daily gains. US December crude traded 0.72% lower at $81.90 a barrel at […]
Read moreOctober 22, 2014 1:14 pm
Gold fell on Wednesday, pressured by a stronger dollar, but remained close to six-week high levels, underpinned by strong physical demand from world No2 consumer India. Copper extended overnight gains on hopes for fresh monetary stimulus in Europe and China amid fears of a global economic slowdown. Comex gold for delivery in December traded at […]
Read moreOctober 22, 2014 10:30 am
Natural gas was steady near the lowest level since November ahead of EIA supply data that is expected to show the 27th straight above-average weekly build in US stockpiles. Weather forecasts continued to show mostly warmer-than-seasonal weather across the US throughout October, with focus now shifted toward patterns in early-November that could potentially bring widespread […]
Read moreOctober 22, 2014 9:06 am
Gold traded near a six-week peak, underpinned by strong physical demand from world No2 consumer India, and drew further support amid fears of a global economic slowdown. However, a stronger dollar, boosted by upbeat US data, kept the metals upward movement checked. Comex gold for delivery in December traded at $1 247.8 per troy ounce […]
Read moreOctober 22, 2014 7:43 am
West Texas Intermediate clung to overnight gains ahead of government data that may show US gasoline supplies fell to the lowest in two years. Brent was steady above $86 after rising Chinese crude demand offset a slowdown in the Asian economy, the worlds second-biggest consumer. US December crude traded 0.04% higher at $82.52 a barrel […]
Read moreOctober 21, 2014 2:49 pm
Both West Texas Intermediate and Brent benchmark crudes rose on Tuesday as investors weighed rising Chinese oil demand against ample supply and concerns of slowing global economic growth. Expectations for a drop in US refined product supplies also lent some support. Natural gas hovered near the lowest in 11 months amid forecasts for mild weather […]
Read moreOctober 21, 2014 1:21 pm
Gold retained daily gains near the highest level in six weeks as fears of a slowing global economy stoked safe-haven demand. Copper rose after Chinas economy growing at the slowest pace since early-2009 sparked hopes for the introduction of more stimulus measures. Comex gold for delivery in December rose to a six-week high of $1 […]
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