December 29, 2013 9:16 am
West Texas Intermediate rose to a 2-1/2 month high on Friday and Brent settled at the highest level in four weeks after the Energy Information Administration reported a fourth consecutive weekly decline in US crude inventories in the seven days to December 20. Strong economic data from the US over the past couple of weeks […]
Read moreDecember 28, 2013 9:10 am
Gold rose on Friday marking the longest winning stretch in four months as a steep decline in the US dollar boosted metals appeal as an alternative investment. The precious metal however remained on track to post the biggest annual drop since 1981 and the first decline in 13 years after the Federal Reserve decided to […]
Read moreDecember 27, 2013 4:28 pm
West Texas Intermediate extended its movement above the $100 mark, hitting the highest level in more than two months, after the Energy Information Administration reported a fourth straight weekly decline in US crude inventories in the seven days to December 20. Brent surged to the strongest level in three weeks. The oil market continued to […]
Read moreDecember 26, 2013 4:11 pm
West Texas Intermediate jumped to the highest in more than two months and Brent held ground near the $112 mark after the US Labor Department reported that fewer people filed for initial unemployment benefits in the week ended December 21, boosting demand prospects in the worlds top consumer. Supply outages in Libya and South Sudan […]
Read moreDecember 25, 2013 10:22 am
West Texas Intermediate crude settled near the highest level in two months while Brent touched a three-week high as another series of upbeat economic data from the US boosted demand prospects in the worlds top consumer. The market also gained support as escalating violence in South Sudan curbed the nations oil output, adding to recurring […]
Read moreDecember 24, 2013 1:38 pm
Gold swung between gains and losses in a thin pre-holiday trade on Tuesday following a recent series of upbeat US data, which prompted the Federal Reserve to trim its monthly bond purchases and reduced the metals safe haven appeal. Assets in the SPDR Gold Trust fell to the lowest in nearly five years on Monday, […]
Read moreDecember 23, 2013 11:24 am
West Texas Intermediate remained near Fridays two-month high while Brent rose to the highest in two weeks as the IMF raised its outlook for the US economy, while escalating violence in South Sudan added to ongoing supply disruptions in Libya, holder of the continents biggest crude reserves. On the New York Mercantile Exchange, WTI crude […]
Read moreDecember 22, 2013 9:56 am
Both West Texas Intermediate and Brent benchmarks rose on Friday and settled the week higher, buoyed by upbeat economic growth numbers from the US, coupled with ongoing supply outages from Libya, a string of glitches at US refineries and strikes at four Total refineries in France. A government report showing US crude inventories fell for […]
Read moreDecember 21, 2013 3:58 pm
Grain futures were mixed during the week, with wheat touching fresh 19-month lows on Friday, marking a third straight week of declines on expectations of a bigger Argentine crop, which added to record global supplies. Meanwhile, soybeans and corn advanced to settle the week higher amid weather forecasts calling for continuing dry and hot weather […]
Read moreDecember 21, 2013 2:18 pm
Gold advanced on Friday, after hitting the lowest in six months a day earlier. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, increased on Friday for the first time in 1-1/2 months, rebounding from the lowest since January 2009. Robust physical demand from China amid the recent slump in prices supported the metal, […]
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