January 24, 2014 8:22 am
West Texas Intermediate crude rose for a fifth day, extending the longest rally in seven weeks, after a government report showed US distillate fuel stockpiles fell six times more than analysts had expected as cold weather in the US boosted demand for heating oil. A report by the industry-funded American Petroleum Institute showing a rise […]
Read moreJanuary 24, 2014 8:08 am
Gold plunged from a six-week high, trimming the longest weekly rally in 16 months, as investors assessed the prospects for Fed stimulus cuts at the upcoming FOMC’s meeting. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF were reduced on Thursday, adding to bearish sentiment, while a stronger US dollar further weighed. On the […]
Read moreJanuary 23, 2014 10:27 am
Natural gas surged to the highest level in 2-1/2 years as short-term weather forecasts called for much below-normal temperatures across most of the densely-populated US areas. Freezing temperatures boost natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in February rose by 2.25% to hit […]
Read moreJanuary 23, 2014 8:06 am
West Texas Intermediate crude fell on Thursday, putting an end to three days of gains, after worse-than-expected Chinese manufacturing data confirmed that an economic slowdown in the end of 2013 has extended into the new year. A private report showing that US crude inventories gained last week as refineries cut output also weighed on the […]
Read moreJanuary 23, 2014 7:48 am
Gold declined to the lowest level in two weeks on expectations Fed will keep scaling back its stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF were reduced on Wednesday, adding to bearish sentiment. However, a weaker dollar relieved some pressure on the yellow metal. On the Comex division of the New York […]
Read moreJanuary 22, 2014 3:45 pm
Grain futures were mixed on Wednesday, with wheat advancing amid speculation chilly temperatures could hurt US crop. Meanwhile, corn also advanced, while soybeans decreased. On the Chicago Board of Trade, wheat futures for settlement in March added 0.12% to trade at $5.6338 per bushel by 15:13 GMT. Prices jumped to a session high of $5.6662, […]
Read moreJanuary 22, 2014 1:20 pm
Natural gas surged to the highest level in a month as short-term weather forecasts called for chilly temperatures across most of the densely-populated US areas. Freezing temperatures boost natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in February soared by 2.38% to trade at […]
Read moreJanuary 22, 2014 10:12 am
Both West Texas Intermediate and Brent benchmarks edged higher on Wednesday amid prospects for rising global consumption this year due to accelerating economic growth in the industrialized countries. Analysts forecasts for a second consecutive drop in US distillate fuel stockpiles ahead of a government report also supported the oil market. A private report by the […]
Read moreJanuary 22, 2014 8:34 am
Gold declined on Wednesday as investors assessed the outlook for Fed stimulus cuts at the upcoming FOMCs meeting. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in February lost 0.11% to trade at $1 240.40 per troy ounce by 08:30 GMT. Prices touched a session high at $1 243.40, […]
Read moreJanuary 21, 2014 3:51 pm
Grain futures lost ground on Tuesday, with corn falling amid a speculation that rain in Argentina may boost harvest. On the Chicago Board of Trade, corn futures for March delivery lost 0.24% to trade at $4.2238 a bushel by 15:45 GMT. Futures held in a range between day’s high and low of $4.2462 and $4.2112 […]
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