April 1, 2014 7:33 am
Both West Texas Intermediate and Brent crude benchmarks edged lower on Tuesday ahead of private and government data that may show an eleventh weekly build up in US crude oil inventories, while manufacturing figures from China spurred uncertainty over growth prospects in the worlds second-biggest economy and oil consumer. A possible dispersion of tension between […]
Read moreApril 1, 2014 6:53 am
Gold futures traded close to the weakest level in seven weeks as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus and amid decreasing physical demand from China, the largest global consumer of the metal. Also fanning negative sentiment, assets in the SPDR Gold Trust, the […]
Read moreMarch 31, 2014 1:07 pm
West Texas Intermediate crude held near Friday’s three-week high close and is set for a quarterly advance as Russia and the West discuss how to defuse growing tension over the crisis in Ukraine, while supply outages from Nigeria and Libya further supported the market. Gains however were capped as Iraq started production at a new […]
Read moreMarch 31, 2014 12:27 pm
Copper futures declined on Monday and were set for the biggest quarterly drop since the three months through June amid concern that the economy of the worlds biggest consumer of the metal is slowing, which will curb demand. Meanwhile, gold futures headed for the first monthly drop this year as further signs of recovery in […]
Read moreMarch 31, 2014 9:01 am
Natural gas futures declined on Monday, as temperatures across many US regions were expected to warm up gradually amid the nearing spring season, curbing demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in May traded at $4.444 per million British thermal units at 09:57 GMT, down 0.93% on […]
Read moreMarch 31, 2014 7:27 am
West Texas Intermediate crude held near Fridays three-week high close and is set for a quarterly advance as Russia and the West discuss how to defuse growing tension over the crisis in Ukraine, while supply outages from Nigeria and Libya further supported the market. Gains however were capped as Iraq started production at a new […]
Read moreMarch 31, 2014 6:46 am
Gold futures headed for the first monthly drop this year as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Friday. On the Comex division of the New York Mercantile Exchange, gold […]
Read moreMarch 30, 2014 9:56 am
Both West Texas Intermediate and Brent crude benchmarks rose on Friday and closed the week higher, supported by upbeat data from the US and concerns that tension in Ukraine may escalate. Supplies at the biggest US storage hub dropping to a two-year low, coupled with supply outages in Nigeria and Libya, further supported the market. […]
Read moreMarch 29, 2014 7:38 am
Gold futures fell to the weakest level in six weeks on Friday, capping a second weekly loss, as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Friday. On the Comex division […]
Read moreMarch 28, 2014 1:47 pm
West Texas Intermediate crude rose to the highest level in almost three weeks and was set for a second weekly gain as supplies at the biggest US storage hub fell to a two-year low and a possible escalation in tension surrounding Ukraine threatened to curb energy exports from Russia. A brighter economic outlook in the […]
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