January 6, 2014 3:43 pm
Grain futures advanced on Monday, with wheat touching two-week highs as weather forecasting models showed possible damage on the US crops, the worlds largest wheat exporter. Corn and soybeans also advanced. On the Chicago Board of Trade, wheat futures for settlement in March rose by 0.61% to trade at $6.0988 per bushel by 15:39 GMT. […]
Read moreJanuary 6, 2014 9:25 am
Natural gas advanced on Monday as weather forecasting models continued to show record breaking cold temperatures in many densely-populated US areas. On the New York Mercantile Exchange, natural gas for delivery in February surged by 1.57% to $4.372 per million British thermal units by 09:20 GMT. Prices shifted in a daily range between $4.375 and […]
Read moreJanuary 6, 2014 8:33 am
Gold advanced to the strongest level in three weeks on speculation the recent slump in prices spurred increased Chinese demand. However, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreJanuary 6, 2014 8:33 am
West Texas Intermediate crude was little changed on Monday after posting the biggest weekly decline since June 2012 before the Institute for Supply Management releases its December services data, poised to have marked an improvement. A larger-than-projected build in US distillate fuel supplies and domestic crude output surging to the highest since 1988 further weighed […]
Read moreJanuary 5, 2014 2:59 pm
Gold advanced on Friday, capping the largest weekly advance since October on robust Chinese physical demand. A stronger US dollar put some pressure on the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to the lowest since January 2009, adding to bearish sentiment. On the Comex division […]
Read moreJanuary 5, 2014 9:44 am
Natural gas fell for a second week after a smaller-than-expected decline in US inventories offset weather models showing record breaking cold temperatures in many densely-populated US areas. On the New York Mercantile Exchange, natural gas futures for settlement in February fell by 0.4% on Friday to settle at $4.304 per million British thermal units. Prices […]
Read moreJanuary 4, 2014 3:45 pm
West Texas Intermediate crude fell on Friday, marking the worst weekly performance in 19 months after a report by the Energy Information Administration showed weak demand in the worlds top consumer and a jump in US refined product inventories. Prices were also pressured as a recent series of upbeat US data fueled speculations for an […]
Read moreJanuary 3, 2014 1:41 pm
Grain futures were mixed on Friday, with wheat hovering around 19-month lows on favorable weather conditions and a record-high global output. Meanwhile, corn and soybeans advanced. On the Chicago Board of Trade, wheat futures for settlement in March declined by 0.12% to trade at $5.9688 per bushel by 13:33 GMT. Prices jumped to a session […]
Read moreJanuary 3, 2014 12:05 pm
Natural gas declined on Friday and was set for second weekly decline, ahead of a government report that may show a lower-than-average withdrawal in US inventories last week. However, weather forecasting models supported the energy source by calling for below-average temperatures in most of the densely-populated US areas, boosting demand for the power-station fuel as […]
Read moreJanuary 3, 2014 8:18 am
West Texas Intermediate fell to the lowest in a month as upbeat data from the US released on Thursday raised speculations that the Federal Reserve may soon curb further its quantitative easing program, a month after the central bank decided to begin scaling back its bond purchases. Also weighing on the oil market, Libyan government […]
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