April 12, 2014 7:27 am
West Texas Intermediate crude rose on Friday and posted its biggest weekly advance this year after strong US consumer sentiment data fanned positive sentiment for the US economy, while gasoline demand jumped to a four-month high in the week ended April 4th. Brent also settled the week higher, but narrowed its premium to WTI as […]
Read moreApril 11, 2014 11:39 am
Copper and gold futures headed for a weekly gain as minutes from the Federal Reserve’s last policy meeting curbed expectations for higher interest rates in the US, while tension in Ukraine persisted. Silver futures were also poised for a second weekly advance. On the Comex division of the New York Mercantile Exchange, copper futures for […]
Read moreApril 11, 2014 7:50 am
During Thursday’s trading session natural gas futures for delivery in May traded within the range $4.524-$4.702 and closed at $4.638. At 07:47 GMT today natural gas futures for settlement in May traded at $4.669 per million British thermal units, adding 0.3% for the day. The contract touched a daily high at $4.673 per mBtu at […]
Read moreApril 11, 2014 6:52 am
Gold futures headed for a second weekly gain as minutes from the Federal Reserves last policy meeting curbed expectations for higher interest rates in the US, while tension in Ukraine persisted. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, fell to a one-month low yesterday. On the Comex division of the New […]
Read moreApril 10, 2014 1:43 pm
Copper futures traded little changed after yesterday’s Fed minutes suggested policy makers will be cautious when raising interest rates, while at the same time Chinese exports unexpectedly declined for a second straight month, raising concerns over the economic outlook of the worlds largest consumer of the metal. Meanwhile, gold futures rose to a two-week high, […]
Read moreApril 10, 2014 12:26 pm
West Texas Intermediate crude fell on Thursday but held near the highest level in a month after a spike in US gasoline demand, coupled with persisting tension in eastern Ukraine. The oil market was however pressured by weak trade data from China, another sign of an economic slowdown in the world’s second-biggest consumer. Meanwhile, natural […]
Read moreApril 10, 2014 7:11 am
During Wednesday’s trading session natural gas futures for delivery in May traded within the range $4.499-$4.592 and closed at $4.565. At 07:10 GMT today natural gas futures for settlement in May traded at $4.577 per million British thermal units, losing 0.2% for the day. The contract touched a daily high at $4.583 per mBtu at […]
Read moreApril 10, 2014 6:46 am
Gold futures advanced to the strongest level in more than two weeks, following the release of the Federal Reserve minutes that played down forecasts by some of the central banks own officials that borrowing costs might rise faster than previously estimated. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday, after […]
Read moreApril 10, 2014 6:35 am
West Texas Intermediate crude fell in early European trading on Thursday but held near the highest level in a month after a spike in US gasoline demand, coupled with persisting tension in eastern Ukraine. Wednesdays Fed minutes, which suggested policy makers will be cautious when raising interest rates also helped push prices up. The oil […]
Read moreApril 9, 2014 3:02 pm
Both West Texas Intermediate and Brent crude benchmarks trimmed their gains on Wednesday after the EIA reported the first gain in supplies at Cushing in ten weeks, coupled with a larger-than-expected jump in nationwide crude inventories. The market however remained underpinned by supply concerns stemming from persisting tension in eastern Ukraine, as well as a […]
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