January 17, 2014 9:40 am
Natural gas fell on Friday, following a government report that showed US gas supplies declined less than projected in the week ended January 10th. However, the energy source continued to draw support by cold weather outlook over many densely-populated US areas. On the New York Mercantile Exchange, natural gas for delivery in February fell by […]
Read moreJanuary 17, 2014 8:26 am
West Texas Intermediate crude rose in early European trading on Friday and headed for its first weekly advance in three after a larger-than-expected drop in US crude inventories and as upbeat data suggested US economic growth seemed sustainable. Recovering output in Libya, coupled with a possible increase in Iranian exports weighed on the market, and […]
Read moreJanuary 17, 2014 8:26 am
Gold traded little changed on Friday as investors weighed the prospects for further Fed stimulus cuts against increased physical demand. A stronger dollar fanned some negative sentiment, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest in 5 years, adding to bearish sentiment. On the Comex division of the […]
Read moreJanuary 16, 2014 1:50 pm
Grain futures advanced on Thursday, with wheat gaining amid signs of increased demand from Egypt, the worlds largest grain importer. On the Chicago Board of Trade, wheat futures for settlement in March rose by 0.08% to trade at $5.6888 per bushel by 13:39 GMT. Prices jumped to a session high of $5.6912, while day’s bottom […]
Read moreJanuary 16, 2014 10:21 am
Natural gas advanced on Thursday as weather forecasting models called for below-normal temperatures over many densely-populated US areas. The energy source continued to be supported by speculation that a government report may show a record drop in US gas supplies, following last week’s chilly weather conditions. On the New York Mercantile Exchange, natural gas for […]
Read moreJanuary 16, 2014 8:24 am
Gold declined for a third day on Thursday amid reinforced speculations Fed may continue to pare back its monthly monetary stimulus throughout 2014, following a recent series of upbeat US reports. A stronger dollar also weighed, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest in 5 years, adding […]
Read moreJanuary 16, 2014 8:12 am
West Texas Intermediate held near the highest level in almost two weeks after rising by the most in a month and a half on Wednesday following an unexpectedly bullish inventories report by the EIA. Further evidence of strength in the US economy boosted demand prospects. The oil market however continued to be pressured by fears […]
Read moreJanuary 15, 2014 3:57 pm
West Texas Intermediate crude rose to the highest in a week after the Energy Information Administration reported a seventh consecutive weekly decline in US crude inventories, followed by a drop in distillate fuel supplies. Improving US economy prospects continued to underpin the market. Expectations for an increase in Iranian crude exports and recovering Libyan output […]
Read moreJanuary 15, 2014 3:47 pm
Grain futures were mixed on Wednesday, with soybeans advancing on increased Chinese demand for US supplies, while wheat and corn declined. On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.35% to trade at $13.1162 per bushel by 15:42 GMT. Prices swung between day’s high and low of $13.1312 and […]
Read moreJanuary 15, 2014 11:47 am
Natural gas advanced on Wednesday as weather forecasting models called for below-normal temperatures over many densely-populated US areas. The energy source continued to be supported by speculation that a government report may show a record drop in US gas supplies, following last weeks chilly weather conditions. On the New York Mercantile Exchange, natural gas for […]
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