February 4, 2014 12:50 pm
Natural gas extended yesterdays gains as winter storm was expected to track across the US Northeast, leading to very high natural gas demand, as Americans crank up the heating. Meanwhile, the energy source was further supported after the US investment bank Goldman Sachs lowered its end-of-March inventory levels’ forecast for a second time, citing bad […]
Read moreFebruary 4, 2014 8:23 am
West Texas Intermediate crude was little changed and held near Mondays one-week low in early European trading on Tuesday after a report showed the US manufacturing sector expanded at the slowest pace in eight months in January, spurring fears of softening oil demand. Expectations that a government report due on Wednesday will show US crude […]
Read moreFebruary 4, 2014 8:10 am
Gold traded little changed on Tuesday, after it advanced the most in almost three weeks, as investors weighed the prospects of further Fed stimulus cuts against reduced physical demand from China. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Monday, after rising for two days in the best string of […]
Read moreFebruary 3, 2014 3:55 pm
Grain futures advanced on Monday, corn increased to the highest level in seven weeks, as exports from US, the top producer, increased. On the Chicago Board of Trade, corn futures for March delivery rose by 0.9% to trade at $4.3813 a bushel by 15:46 GMT. Futures hit a session high at $4.3862 per bushel, the […]
Read moreFebruary 3, 2014 10:23 am
Natural gas declined a third day on Monday as long-term weather forecasting models called for moderate temperatures across most of the densely-populated US areas. On the New York Mercantile Exchange, natural gas for delivery in March fell by 1.58% to trade at $4.865 per million British thermal units by 10:21 GMT. Prices hit a session […]
Read moreFebruary 3, 2014 8:20 am
West Texas Intermediate crude fell for a second day after it slid in January as slowing manufacturing activity in China raised concerns over softening demand in the worlds second-largest consumer. A stronger dollar also weighed on the oil complex, but prices were underpinned by supply fears after the occurrence of fresh violence in Iraq and […]
Read moreFebruary 3, 2014 8:02 am
Gold advanced on Monday amid speculation that global equity markets may experience more turbulence in February, after a slump in emerging markets last month. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Friday, after rising for two days in the best string of increases since December 2012. However, weaker physical […]
Read moreFebruary 2, 2014 3:50 pm
Gold advanced on Friday, but settled the week lower, snapping a five-week rally, the longest since September 2012, on increased bets the Federal Reserve will keep scaling back stimulus as the US economy showed signs of strengthening and as the recent slump in emerging markets eased. The metal drew some support as assets in the […]
Read moreFebruary 2, 2014 12:55 pm
West Texas Intermediate crude fell on Friday after hitting a one-month high a day earlier on fears that a slowdown in emerging economies, led by China, will hurt global demand. The US benchmark however settled the week higher, supported by accelerating US growth and declining fuel supplies in the worlds top oil consumer, narrowing its […]
Read moreFebruary 1, 2014 9:21 am
Factory growth in China eased to a six-month low in January due to weak foreign and local demand, a government report showed today, signalling a slow start of the year for the worlds second biggest economy. Chinas National Bureau of Statistics reported that the nations manufacturing Purchasing Managers Index slid to 50.5 in January, matching […]
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