October 8, 2014 2:25 pm
Natural gas reversed yesterdays gains as weather forecasts continued to point to a neutral trend for the next couple of weeks with moderate heating and cooling demand across the US. On the New York Mercantile Exchange, natural gas futures for delivery in November traded 1.79% lower at $3.879 per million British thermal units at 14:10 […]
Read moreOctober 8, 2014 1:08 pm
Gold rose for a third day on Wednesday as the US dollar remained steady and Chinese buyers returned to the market after week-long holidays. Investors eyed todays minutes from the Feds last policy meeting to assess whether it will begin raising interest rates earlier than expected. On the Comex division of the New York Mercantile […]
Read moreOctober 8, 2014 12:04 pm
Both West Texas Intermediate and Brent crude benchmarks touched fresh multi-month lows on Wednesday following bearish supply data by the American Petroleum Institute and after the IMF cut its global economic growth forecast. On the New York Mercantile Exchange, US November crude fell by 0.64% to $88.28 per barrel by 11:50 GMT, having dropped to […]
Read moreOctober 7, 2014 2:53 pm
Both West Texas Intermediate and Brent crude benchmarks fell on Tuesday on fears that slowing global economic growth will ease demand, while the US dollar halted its steepest decline since January. US November crude slid 1.07% to $89.37 per barrel by 14:26 GMT, having ranged between $90.57 and $89.36 during the day. The American crude […]
Read moreOctober 7, 2014 1:18 pm
Natural gas swung between gains and losses as previous projections for a cold spell to hit large parts of the US in the third week of October gave way to more moderate weather forecasts, scaling down expectations for rising heating demand and paving the way for larger inventory builds. Market players anticipated another triple-digit inventory […]
Read moreOctober 7, 2014 10:17 am
Gold remained above the psychological barrier of $1 200 in European trading on Tuesday after profit taking pressured the dollar on Monday, allowing the precious metal to regain some lost ground. However, bearish sentiment continued to dominate the market amid speculations the US dollar will resume its upward momentum after the recent retracement. Comex gold […]
Read moreOctober 7, 2014 8:07 am
Both West Texas Intermediate and Brent crude benchmarks held steady in early European trade on Tuesday ahead of US supply data tomorrow that is expected to show a drop in both gasoline and distillate fuel supplies. A weaker dollar allowed WTI to hold ground above $90 but abundant global supplies weighed on the entire complex. […]
Read moreOctober 6, 2014 2:58 pm
Both West Texas Intermediate and Brent crude benchmarks extended losses in early US trading on Monday, despite a gauge of US dollar strength easing off a four-year high, amid ample supply and no outlook for Saudi Arabia to cut its output before a November 27 OPEC meeting. Natural gas fell. WTI for settlement in November […]
Read moreOctober 6, 2014 1:45 pm
Natural gas fell for the fourth time in five days, reversing last weeks advance, as short-term forecasts for overall mild weather across the US set the stage for more bigger-than-average inventory builds. On the New York Mercantile Exchange, natural gas for delivery in November slid 3.27% to $3.907 per million British thermal units by 13:22 […]
Read moreOctober 6, 2014 10:43 am
Gold futures fell to the lowest level since December amid expectations the Federal Reserve might move closer to raising interest rates after Fridays upbeat unemployment data, which sent the dollar soaring to the highest level in four years. Platinum slid to a five-year trough while silver plunged to the lowest since March 2010. Comex gold […]
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