October 25, 2013 7:03 am
West Texas Intermediate crude swung between gains and losses on Friday and is set for the biggest weekly decline in four months after U.S. crude oil inventories rose for a fifth consecutive week, while supplies at Cushing, Oklahoma, jumped for a second week. Continuing progress in talks between Iran an the U.S. further pressured the […]
Read moreOctober 24, 2013 1:04 pm
Gold surged to the highest in more than a month after the U.S. Labor Department reported on Thursday that the number of people who filed for initial jobless payments last week exceeded analysts expectations, fueling speculations the Federal Reserve will refrain from scaling back its bond purchases this year. The U.S. trade deficit was little […]
Read moreOctober 24, 2013 11:41 am
Natural gas futures fell to a 2-1/2 week low on Thursday before the release of EIAs weekly natural gas storage report which may show U.S. inventories rose more than the average last week, indicating softening demand. However, short-term forecasts for below-average temperatures in parts of the U.S. limited losses. On the New York Mercantile Exchange, […]
Read moreOctober 24, 2013 9:40 am
Grain futures were mixed on Thursday with corn slightly retreating, while soybeans and wheat gained after the U.S. Department of Agriculture reported increased demand for U.S. crops and unfavorable weather continued to impair field work in the U.S. and South America. On the Chicago Board of Trade, soybeans futures for settlement in November rose by […]
Read moreOctober 24, 2013 8:37 am
Copper futures swung between gains and losses on Thursday as investors weighed a faster than expected expansion of Chinas manufacturing sector against concerns over restrictive monetary policy as inflation picked up. On the Comex division of the New York Mercantile Exchange, copper futures for settlement in December traded at $3.263 per pound at 8:33 GMT, […]
Read moreOctober 24, 2013 8:02 am
Gold advanced after falling the most in a week on Wednesday on speculations that the Federal Reserve will refrain from scaling back its bond purchases until some point in 2014, most likely in March. Softening physical demand from China and expectations that the U.S. Labor Department will report initial jobless claims fell last week limited […]
Read moreOctober 24, 2013 6:52 am
Both West Texas Intermediate and Brent benchmarks rebounded on Thursday after a preliminary report gauging the expansion of Chinas manufacturing sector topped analysts expectations, indicating the Asian economy is stabilizing as the government attempts to shift growth to consumer-driven. A fifth consecutive rise in U.S. crude oil inventories and record high stockpiles in China however […]
Read moreOctober 23, 2013 2:59 pm
West Texas Intermediate crude fell to the lowest since June on Wednesday after the Energy Information Administration reported that U.S. crude oil inventories rose for a fifth consecutive time last week, indicating easing demand in the worlds top consumer. Rising crude supplies in second biggest consumer China also fanned negative sentiment. On the New York […]
Read moreOctober 23, 2013 2:11 pm
Natural gas snapped two days of losses on Wednesday on forecasts for below-normal temperatures in key U.S. consuming areas, boosting the power-plant fuels demand prospects. Bearish supply data however limited gains. On the New York Mercantile Exchange, natural gas for delivery in November surged 1.24% to $3.626 per million British thermal units at 14:10 GMT. […]
Read moreOctober 23, 2013 9:45 am
Grain futures rose on Wednesday with soybeans slightly advancing, while corn and wheat posted moderate gains on mostly unfavorable weather conditions in the U.S. and South America. Rising U.S. exports also supported prices. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.21% to $13.0488 per bushel at 9:42 GMT. […]
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