October 6, 2014 7:43 am
Both West Texas Intermediate and Brent crude benchmarks were mostly unchanged on Monday, hovering near the previous weeks multi-month lows amid speculations that OPEC wont cut supply yet and as the US dollar remained near the highest level in four years. WTI futures for settlement in November were up 0.36% by 7:22 GMT to trade […]
Read moreOctober 5, 2014 7:03 am
Natural gas rose for the first time in four days on Friday to reverse its weekly decline ahead of a cold Canadian pattern and on signs that nationwide stockpiles at the start of the heating season will trail last years levels. Natural gas futures for settlement in November rose by 2.72% on the New York […]
Read moreOctober 5, 2014 6:29 am
Gold futures closed the week below the key support at $1 200 for the first time in more than nine months, as upbeat data from the US and a downturn for the euro boosted the dollar, which pressured non-interest bearing precious metals. Gold futures for delivery in December dropped 1.83% on Friday, closing at $1 […]
Read moreOctober 4, 2014 7:26 am
WTI and Brent futures slid this week, pressured by technical liquidation at the end of the quarter, strong dollar and speculation that Saudi Arabia is not looking to support prices. Bearish fundamentals were again the main protagonist in crudes story, with questionable demand outlooks and firm supply side. WTI crude for delivery in November on […]
Read moreOctober 3, 2014 12:58 pm
WTI and Brent futures slid towards multi-year lows during midday trade in Europe today, pressured by the rallying dollar, which was boosted by above-par US payrolls figure. Meanwhile, natural gas futures were to the upside, banking on a cooler pattern set for the US. WTI futures for November delivery on the New York Mercantile Exchange […]
Read moreOctober 3, 2014 12:43 pm
Gold dropped below the key support of $1 200 during midday trade in Europe today, though it soon recovered, after the US economy was reported adding much more payrolls in September than expected. Meanwhile, copper futures were steadily orbiting the $3 level. Gold futures for December delivery on the Comex in New York traded at […]
Read moreOctober 3, 2014 9:34 am
Natural gas futures were climbing during early trade in Europe today, as the market rebounds after the slump of the previous two sessions. Traders eye the ominous cold pattern, set to lower temps for the northern US by some 20 degrees into mid-October. Front-month natural gas futures for settlement in November on the New York […]
Read moreOctober 3, 2014 7:24 am
Gold futures were hovering dangerously near the key level of $1 200 during morning trade in Europe today, as investors eye US nonfarm payrolls figures later today. SPDR assets continued to dwindle as the whole precious metals complex retreats. Gold futures for December delivery on the Comex in New York traded at $1 207.5 per […]
Read moreOctober 3, 2014 6:42 am
WTI and Brent futures were to the upside during morning trade in Europe today, as investors eye the key US nonfarm payrolls figure later today. Crude was looking for another massive loss late yesterday, but buying emerged at lows, reversing much of the slump. WTI futures for November delivery on the New York Mercantile Exchange […]
Read moreOctober 2, 2014 2:42 pm
Natural gas futures extended earlier losses during midday trade in Europe today, as the US reported a massive build of natural gas held in storage, indicating stocks will be well-replenished ahead of winter heating season. Front-month natural gas futures for settlement in November on the NYMEX traded at $3.930 per million British thermal units (mBtu) […]
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