April 23, 2014 3:27 pm
US crude fell sharply on news that stockpiles in the United States rose more than expected the week ended April 18th, erasing earlier gains. Brent also felt negative sentiment and slid to session low. On the New York Mercantile Exchange WTI futures for June delivery traded at $101.72 per barrel at 15:20 GMT, losing 0.02% […]
Read moreApril 23, 2014 2:27 pm
Gold held near yesterday’s 12-week low as tensions in Ukraine provided a firm floor. Silver found some momentum, adding to shy gains last session. Copper fell on Wednesday, as a bearish report on China indicated a decline in demand in the world’s foremost consumer of the industrial metal. Gold futures for June delivery advanced 0.25% […]
Read moreApril 23, 2014 1:17 pm
West Texas Intermediate dropped amid reports of a slowing Chinese economy and rising inventories in the US, while Brent held steady, supported by tensions in Ukraine. Meanwhile, natural gas gained momentum with weather reports forecasting cooler weather over the US and recording the highest price in two months. On the New York Mercantile Exchange WTI […]
Read moreApril 23, 2014 10:46 am
Copper fell on Wednesday as a bearish report on Chinas manufacturing PMI spread negative demand outlook in the world’s top industrial metals consumer. Limited positive sentiment on preliminary EU and US data was unable to balance out the retreat. The New York Mercantile Exchanges COMEX division saw copper May contracts lose 0.39% to trade at […]
Read moreApril 23, 2014 9:36 am
Natural gas futures remained steady during European trading on Wednesday, as cooler weather over the US supported last session’s increase. Weather reports indicate more warm-ups and cool-downs as the month comes to a close. On the New York Mercantile Exchange natural gas futures due in June traded at $4.756 per million British thermal units at […]
Read moreApril 23, 2014 8:16 am
Gold traded slightly higher in European trading on Wednesday, though the metal seemed steady on its downward way after it recorded the lowest price in 12 weeks yesterday as investors judged the US recovery a stronger bet than escalation of the Ukraine crisis. Also boosting bearish sentiment, speculations with the Yuan weighed on Chinese demand, […]
Read moreApril 23, 2014 6:59 am
West Texas Intermediate and Brent futures retained yesterday’s losses during early European trading, as weak data on Chinese manufacturing activity met bullish sentiment from US inventories data and lingering tensions in Ukraine. The New York Mercantile Exchange saw WTI crude contracts for settlement in June standing at $101.63 per barrel at 6:32 GMT, adding a […]
Read moreApril 22, 2014 2:37 pm
Gold remained in a steadily declining trend today, as strong US data helped the dollar trim its daily losses, while Ukraine failed to lift safe-haven demand. Silver regained some positions, while copper also faced bearish sentiment amid fears of economic slowdown in China, the industrial metals biggest consumer. Gold futures for delivery in June stood […]
Read moreApril 22, 2014 1:32 pm
Both the US and European benchmarks retreated today, as expectations of growth in stockpiles overwhelmed fears over a sharp escalation of the crisis in Ukraine. Meanwhile, natural gas made sizable gains during afternoon trade, but the rise was soon partially reversed. Weather reports confirmed there will be active weather over the US in the following […]
Read moreApril 22, 2014 1:01 pm
Copper faced an organized retreat today, as demand outlook in the worlds biggest consumer – China, stemmed negative sentiment. Economic reports from the Eurozone and the US due this week are expected to show limited growth in their manufacturing sectors, fanning positive sentiment over copper demand. Copper futures for settlement in May fell by 0.20% […]
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