December 21, 2013 10:50 am
Having hit the strongest level in 2-1/2 years, natural gas erased daily advances on Friday, as investors locked in gains. On Thursday, an EIA report showed US inventories fell by an all-time record amount last week, beating analysts’ expectations. Natural gas was further supported by long-term weather forecasting models, which predicted below-average temperatures in the […]
Read moreDecember 20, 2013 3:55 pm
Grain futures were mixed on Friday, with wheat touching fresh 19-month lows, poised for a third week of declines on expectations of a bigger Argentine crop adding to record global supplies. Meanwhile soybeans and corn advanced amid weather forecasts calling for continuing dry and hot weather in Argentina and Brazil. On the Chicago Board of […]
Read moreDecember 20, 2013 2:50 pm
Natural rose to the highest in 2-1/2-years following EIA’s report that showed US inventories fell by an all-time record amount last week, beating analysts’ expectations. The energy source was also supported by long-term weather forecasting models, which predicted below-average temperatures in the high-use states, boosting demand for the power-station fuel. On the New York Mercantile […]
Read moreDecember 20, 2013 9:43 am
Gold advanced on Friday, after hitting the lowest in six months yesterday. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced and remained at the lowest since January 2009, adding to bearish sentiment. A stronger US dollar put more pressure on the yellow metal. However, robust physical demand from China amid […]
Read moreDecember 20, 2013 8:19 am
West Texas Intermediate crude eased off Thursdays two-month high as investors took profits following the previous sessions 1% gain when ongoing supply outages in Libya and refinery strikes in France boosted imports demand. Prices drew further support after the American Petroleum Institute said US petroleum products consumption jumped to the highest November level in six […]
Read moreDecember 19, 2013 4:00 pm
Natural gas advanced after EIA’s report showed US inventories fell by a record-high amount last week, beating analysts expectations. The energy source was also supported by long-term weather forecasting models, which predicted below-average temperatures in the high-use states, boosting demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in […]
Read moreDecember 19, 2013 1:30 pm
Grain futures advanced on Thursday, with wheat gaining for the first time in six days as some market players considered the 4.5% slump in the previous 5 trading sessions as excessive. Prices rebounded from yesterdays 18 month-low. On the Chicago Board of Trade, wheat futures for settlement in March advanced 0.17% to trade at $6.1363 […]
Read moreDecember 19, 2013 9:03 am
Gold plunged to nearly 6-month lows on Thursday, following Feds decision to cut its monthly bond purchases on brightened outlook for the US jobs market. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced and remained at the lowest since January 2009, adding to bearish sentiment. A stronger US dollar put […]
Read moreDecember 19, 2013 8:42 am
West Texas Intermediate held near yesterdays one-week high after the Energy Information Administration reported US crude inventories fell for a third consecutive week in the seven days through December 13. Prices were pressured by Feds decision to trim its monthly bond purchases by $10 billion but the central bank ensured interest rates will remain at […]
Read moreDecember 18, 2013 4:09 pm
West Texas Intermediate crude rose to the highest in a week as the Energy Information Administration reported US crude inventories fell for a third consecutive week in the seven days to December 13, albeit less than expected, while distillate fuel stockpiles fell and defied projections to remain flat. Market players however remained reluctant to enter […]
Read more