February 24, 2014 3:42 pm
Grain futures were mixed on Monday, corn eased off from the strongest level in almost five months after a government report showed production in the US, the worlds biggest exporter of the grain, may surge to a record high this year. Meanwhile, soybeans and wheat advanced. On the Chicago Board of Trade, corn futures for […]
Read moreFebruary 24, 2014 1:46 pm
Natural gas advanced on Monday as the freezing cold weather in the US continued to support high natural gas and heating demand and to deplete gas stockpiles, at a time when they are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April rose by 1.64% […]
Read moreFebruary 24, 2014 8:10 am
West Texas Intermediate crude recovered from Fridays one-week low on forecasts for cold weather to return to the US Midwest and Northeast this week, just after temperatures had recently moderated. Escalating tension in OPEC member Venezuela, a further reduction in Libyas output and civil unrest in South Sudan also lent support to the oil complex. […]
Read moreFebruary 24, 2014 7:57 am
Gold traded close to the strongest level in almost four months, after downbeat US data added to concerns that the economy has lost momentum in 2014 due to the inclement weather, boosting demand for the yellow metal as a safe-haven. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were increased for the first […]
Read moreFebruary 23, 2014 8:32 am
West Texas Intermediate crude rose for a sixth straight week but fell on Friday, along with its European counterpart, as the cold US weather, which up to recently had supported the market, moderated and as weak housing data from the worlds top consumer raised additional concerns over demand prospects. Overall mixed inventories data released by […]
Read moreFebruary 22, 2014 8:24 am
Gold advanced on Friday for the first time in three days after a drop in US home sales reinforced concerns that the economy is weaker than expected, boosting demand for the yellow metal as a haven asset. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, are heading for the first monthly inflow since […]
Read moreFebruary 21, 2014 1:50 pm
Grain futures declined on Friday, soybeans lost ground after the US Department of Agriculture announced its forecasts that US farmers will plant a record amount of the oilseed in the 2014-15 season, which begins in April-May. On the Chicago Board of Trade, soybeans futures for settlement in March lost 0.13% to trade at $13.5588 per […]
Read moreFebruary 21, 2014 1:08 pm
Natural gas was close to cap its biggest weekly gain since October 2010, after yesterday futures advanced to a five-year high as the dangerously cold weather in the US depleted stockpiles at a furious pace, sending them to a 10-year seasonal low, EIA data showed yesterday. On the New York Mercantile Exchange (NYMEX), natural gas […]
Read moreFebruary 21, 2014 9:03 am
Gold advanced on Friday and was poised for a third weekly gain, as few downbeat US reports added to signs of uneven US economic recovery. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged on Thursday, after shrinking by the most in two months. On the Comex division of the New York […]
Read moreFebruary 21, 2014 8:23 am
West Texas Intermediate crude was little changed on Friday and headed for a sixth weekly advance as cold weather in the US boosted heating demand and a new pipeline further drained inventories at Cushing, Oklahoma. The oil market, especially the Brent benchmark, remained supported above the $110 mark by escalating protests in Venezuela and impaired […]
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