August 20, 2014 7:19 am
Both West Texas Intermediate and Brent crude benchmarks were little changed on Wednesday, hovering near multi-month low levels, ahead of US supply data expected to show a drop in US crude inventories and a third consecutive decline in gasoline and distillate fuel supplies. A stronger dollar, rising Libyan output and Iraqi forces gaining ground on […]
Read moreAugust 19, 2014 2:13 pm
Both West Texas Intermediate and Brent crude benchmarks swung between gains and losses on Tuesday ahead of government data that may show US crude oil and gasoline stockpiles declined last week, but easing geopolitical tensions in Iraq kept gains in check. A strong dollar also weighed on oil. Natural gas advanced almost 2% as short-term […]
Read moreAugust 19, 2014 1:45 pm
Gold prices erased earlier gains during midday trade in Europe today, after the US posted encouraging economic data. Investors now eye the upcoming release of minutes from Feds July meeting. Meanwhile, copper prices were steady after the US data, awaiting crucial Chinese figures later this week. Gold futures for December settlement traded at $1 299.7 […]
Read moreAugust 19, 2014 12:46 pm
Copper prices steadied slightly above the previous close during midday trade in Europe today, after the US posted encouraging housing data. Investors now eye HSBCs China manufacturing PMI this Thursday, with expectations of further support. Copper futures for September delivery traded at $3.1125 per pound at 12:43 GMT on the Comex in New York, up […]
Read moreAugust 19, 2014 10:13 am
Natural gas rose on Tuesday after hovering near a 10-month low as weather forecasting agencies called for a decent warm-up across most of the US this week, but expectations for another much larger-than-average build in nationwide inventories last week limited gains. On the New York Mercantile Exchange, natural gas futures for settlement in September traded […]
Read moreAugust 19, 2014 9:50 am
Grain futures were on the downside during early trade in Europe today, as markets price in the latest report on US crops, in light of projections for record harvests this year. Weather patterns call for scattered showers and warm-to-hot weather for the Midwest and Northern Plains, favoring developing corn and soybeans this week. The Southern […]
Read moreAugust 19, 2014 8:06 am
Gold prices were little changed during early trade in Europe today, as investors eyed key US economic data, due later today. Conflicts in Ukraine and in the Middle East offered some support, though rate hike outlooks were the driver this morning. Gold futures for December settlement traded at $1 300.8 per troy ounce, up 0.12%, […]
Read moreAugust 19, 2014 7:18 am
West Texas Intermediate crude rebounded off an 8-month low on Tuesday ahead of US supply data which is expected to show a drop in nationwide crude oil and refined petroleum products inventories. Brent also marked a minor advance but held near Mondays 14-month low after Iraqi and Kurdish forces retook a dam of strategic importance […]
Read moreAugust 18, 2014 2:58 pm
Gold prices were deeper in the red during midday trade in Europe today, as investors found risks over Ukraine to be oversold, pressuring the haven metal. Meanwhile, copper futures climbed, despite a reported drop in China house prices. Gold futures for December settlement on the Comex in New York traded at $1 297.7 per troy […]
Read moreAugust 18, 2014 1:41 pm
Both West Texas Intermediate and Brent crude benchmarks fell on Monday amid seceding geopolitical risk in Iraq after Kurdish Peshmerga fighters and Iraqi troops fully retook the Mosul dam from Islamic State militants, aided by joint air power. Rising tension in Ukraine, however, kept the market underpinned. Natural gas extended losses as weather forecasts called […]
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