June 17, 2014 12:45 pm
Natural gas futures declined during midday trade in Europe today. Warmer weather over much of the US, the worlds top-consumer of the blue fuel, accounting for about 21% of total demand, will probably bump up air cooling demand. Front month natural gas futures, due in July, dropped 0.55% at the New York Mercantile Exchange to […]
Read moreJune 17, 2014 9:42 am
Grains futures were relatively steady during early trade in Europe today, with wheat recovering some losses, while beans and corn were deeper into the negative. The US Department of Agriculture (USDA) released weekly data on crops yesterday, which pressured all grains. Weather patterns project more storms and rains for the Northern Plains and the whole […]
Read moreJune 17, 2014 8:32 am
Gold futures slid during trade in Europe today, ahead of key US economic data. The US monetary policy makers will meet tomorrow, in a highly anticipated and followed event, which evaluates and sets the direction and trends in the US economy. Gold futures for delivery in August traded for $1 266.9 per troy ounce at […]
Read moreJune 17, 2014 7:39 am
WTI and Brent futures were lower during early trade in Europe today, but still close to nine-month highs. Iraq was quiet overnight, but the threat to output stood as firm support. The American Petroleum Institute will post its report on weekly oil supplies gains for the US later today, before the official log tomorrow. West […]
Read moreJune 16, 2014 2:35 pm
WTI and Brent futures were slightly higher during afternoon trade in Europe today. The conflict in Iraq, OPECs second-top oil producer, boosted prices to nine-month highs last week, and continued to support. Meanwhile, natural gas futures dropped, and weather patterns project warmer days to follow for top-consumer US. West Texas Intermediate futures for settlement in […]
Read moreJune 16, 2014 2:21 pm
Gold and silver futures were relatively steady during afternoon trade in Europe today. The conflict in Iraq deepened, as the US deployed an aircraft carrier in the Gulf, and the Iraqi military were preparing a counter-offensive against the militants. Meanwhile, copper futures were up, supported by a “mini stimulus” by Chinese authorities. Gold futures for […]
Read moreJune 16, 2014 12:39 pm
All grains futures climbed today, wheat in particular, as rains in the US threatened to lower quality and quantity of winter wheat, as harvesting had begun. The US Department of Agriculture (USDA) will reveal crops progress later today. Heavy rain and storms hit the Midwest late last week and over the weekend, and a mixed […]
Read moreJune 16, 2014 9:49 am
Natural gas futures traded higher during early hours in Europe today. Previously, contracts closed higher for the week on Friday, after a massive price increase on Thursday offset losses for all the other sessions. Front month natural gas futures, due in July, gained 0.72% at the New York Mercantile Exchange to trade for $4.773 per […]
Read moreJune 16, 2014 8:48 am
Gold futures continued to climb during early trade in Europe today. The growing conflict in Iraq has threatened a rout on commodities, as Islamist battle government troops in OPECs second-top oil producer. Elsewhere, a crucial US meeting is due on Wednesday, when policymakers will decide on monthly assets purchases and rates. Gold futures for delivery […]
Read moreJune 16, 2014 7:31 am
WTI and Brent futures continued upwards during early trade in Europe today. Iraq proved a significant bullish factor, as investors weighed the possibility of output disruptions from OPECs second-top oil producer. Elsewhere, the US economy, the largest consumer of oil, will see key data and policy decisions this week. West Texas Intermediate futures for settlement […]
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