February 12, 2014 8:10 am
West Texas Intermediate crude rose for a sixth day in seven after a private report showed a fifth consecutive decline in US distillate fuel inventories, drained down by severe cold weather across most of the country. A downward revised domestic output forecast and an upward revised global demand growth projection by the EIA further supported […]
Read moreFebruary 11, 2014 3:46 pm
Grain futures declined on Tuesday, soybeans edged lower for a second day as the US Department of Agriculture raised its forecasts for global output and stockpiles. On the Chicago Board of Trade, soybeans futures for settlement in March fell by 0.23% to trade at $13.2213 per bushel by 15:34 GMT. Prices touched a session high […]
Read moreFebruary 11, 2014 1:04 pm
Natural gas rebounded from yesterdays three-week low as a winter storm tracked across the northern and southern parts of the US, boosting demand for the power station fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March added 2.31% to trade at $4.685 per million British thermal units by 13:03 GMT. […]
Read moreFebruary 11, 2014 8:16 am
West Texas Intermediate crude traded near the highest level in six weeks after rising for five straight days on expectations a government report tomorrow will show a fifth consecutive decline in US distillate fuel stockpiles as cold weather boosted demand for heating fuels. Expectations for a dovish testimony by Janet Yellen in her first appearance […]
Read moreFebruary 11, 2014 8:08 am
Gold advanced to three-month high on Tuesday, ahead of the testimony of the newly-appointed Fed Chairman, Janet Yellen to Congress and as Chinese demand rose to a nine-month high, extending last years record purchases. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged for a fourth day on Monday, after rising […]
Read moreFebruary 10, 2014 3:56 pm
Grain futures advanced on Monday, wheat rose on speculation frigid weather in the US, the largest exporter of the grain, harmed crops. On the Chicago Board of Trade, wheat futures for settlement in March added 0.56% to trade at $5.8025 per bushel by 15:50 GMT. Prices jumped to a session high of $5.8138 per bushel, […]
Read moreFebruary 10, 2014 10:12 am
Natural gas declined on Monday to touch the lowest level in almost three weeks, as long-term weather forecasting models called for milder conditions in the US, signalling weaker demand for the heating fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March lost 1.18% to trade at $4.719 per million British […]
Read moreFebruary 10, 2014 8:14 am
West Texas Intermediate crude held near the $100-mark after rising for four straight weeks, the longest rally since July, as Fridays jobs report showed unemployment in the US fell to the lowest level in more than five years, supporting oil on the demand side. Persisting cold weather continued to support the benchmark. However, recovering output […]
Read moreFebruary 10, 2014 7:50 am
Gold touched two-week high, following data that showed US employers added fewer-than-expected jobs in January and amid increased physical demand from China. Meanwhile, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged for a third day on Friday, after rising 0.5% on February 4, the most since January 17. On the Comex […]
Read moreFebruary 9, 2014 12:25 pm
West Texas Intermediate crude rose for a fourth day on Friday and settled the week higher after a government report showed unemployment in the US fell to the lowest in more than 5 years while cold weather drained the nations distillate stockpiles. Expectations for tight fuel supplies as refiners begin to shut down for maintenance […]
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