March 28, 2014 12:26 pm
Copper futures rose for a second day, extending the biggest weekly advance in more than seven months amid speculation that the largest consumer of the metal, China, will take further steps to spur economic growth. Meanwhile, gold futures declined to a six-week low, while silver also declined. On the Comex division of the New York […]
Read moreMarch 28, 2014 9:37 am
Natural gas futures declined on Friday, after advancing by the most in more than a month as some investors deemed yesterdays gains excessive amid the nearing spring season and the expected warm-up across many US regions. On the New York Mercantile Exchange, natural gas for delivery in May traded at $4.528 per million British thermal […]
Read moreMarch 28, 2014 8:03 am
West Texas Intermediate crude traded near the highest level in three weeks and is 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 US […]
Read moreMarch 28, 2014 7:55 am
Gold futures rebounded from a six-week low, trimming a second weekly loss as investors weighed speculation prices below $1 300 an ounce may spur demand against signs of recovery in the US, which may add to the case for Fed tapering. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday. […]
Read moreMarch 27, 2014 2:48 pm
Natural gas futures advanced to a one-week high on Thursday, after a government report showed inventories fell more than-projected in the week ended March 21st, widening the deficit to the five-year average to a record and reaching the weakest level for this time of the year since 2003. On the New York Mercantile Exchange, natural […]
Read moreMarch 27, 2014 12:38 pm
Copper futures hovered near a two-week high amid speculation that some hedge funds were buying back the metal after betting on a price drop this quarter. Meanwhile, gold futures touched the weakest price in six weeks, while silver futures dropped to a 1-1/2-month low. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreMarch 27, 2014 10:29 am
West Texas Intermediate crude held near the highest level in two weeks after a government report showed on Wednesday that supplies at the nation’s biggest storage hub fell for an eight straight week after the commissioning of a new pipeline, while gasoline demand surged to the highest in three months. Meanwhile, natural gas futures traded […]
Read moreMarch 27, 2014 8:22 am
West Texas Intermediate crude held near the highest level in two weeks after a government report showed on Wednesday that supplies at the nations biggest storage hub fell for an eight straight week after the commissioning of a new pipeline, while gasoline demand surged to the highest in three months. The oil market also drew […]
Read moreMarch 27, 2014 7:54 am
Gold futures held losses after dropping to the weakest level in six weeks as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus. Also fanning negative sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, fell for a second day yesterday, while a stronger […]
Read moreMarch 26, 2014 2:52 pm
West Texas Intermediate crude kept its previous gains after government data showed an eight straight weekly decline in supplies at the biggest US storage hub. Nationwide crude oil inventories however jumped for a tenth straight week, largely confirming a private report released on Tuesday. An unexpected rise in US durable goods orders also helped push […]
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