December 9, 2013 8:23 am
West Texas Intermediate Crude traded near Fridays six week-high and Brent held firmly above the $111 mark after data from Chinas customs administration showed the Asian nations crude imports rebounded in November, while overall exports jumped by the most since April and widened Chinas trade surplus to the highest since January 2009. A separate report […]
Read moreDecember 8, 2013 12:43 pm
Chinas exports rose more than expected in November and widened the nations trade surplus to the highest in more than four years, adding to a recent series of upbeat data which suggested the governments 7.5% annual growth target will likely be met. Chinas General Administration of Customs said today in Beijing that outbound shipments surged […]
Read moreDecember 8, 2013 11:42 am
Gold fell on Friday amid speculations that better-than-expected US data may prompt the Federal Reserve to taper stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained for a second day at the lowest since January 2009, adding to bearish sentiment. A weaker dollar relieved some pressure on the metal. On the Comex […]
Read moreDecember 7, 2013 9:31 am
West Texas Intermediate crude rose for a sixth consecutive day on Friday, the longest winning streak in 3-1/2 months, and posted its best weekly performance since early July after upbeat GDP and employment data from the US sparked hopes for robust economic recovery, boosting demand prospects in the worlds top consumer. A weekly EIA report […]
Read moreDecember 6, 2013 3:02 pm
Grain futures lost ground on Friday, with wheat output reaching a record-high. Wheat futures for settlement in March traded at $6.5138 per bushel by 14:49 GMT, losing 0.1% on daily basis. Prices jumped to a session high of $6.5488, while day’s low was touched at $6.5138 per bushel. The grain has lost 2.5% this week, […]
Read moreDecember 6, 2013 12:00 pm
Gold fell amid speculations that better-than-expected US data from yesterday and keenly anticipated economic indicators due later today may prompt the Federal Reserve to taper stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained for a second day at the lowest since January 2009, adding to bearish sentiment. A stronger dollar put […]
Read moreDecember 6, 2013 9:01 am
Natural gas traded close to yesterdays 6-1/2 month highs, after the Energy Information Administration reported a record November withdrawal in US gas inventories in the week ended November 29th. Weather forecasts called for bitter cold temperatures and heavy snows across much of US, which further supported the market. On the New York Mercantile Exchange, having […]
Read moreDecember 6, 2013 8:26 am
West Texas Intermediate crude rose on Friday, having touched a five-week high on Thursday, and headed for its best weekly performance since early July after larger-than-expected US GDP growth improved oils demand prospects in the worlds top consumer. Prices continued to draw support after the EIA reported on Wednesday that US crude inventories fell last […]
Read moreDecember 5, 2013 2:09 pm
Grain futures edged lower on Thursday, with wheat hitting one week lows amid increased output estimates from Canada and Australia while wheat production is already at an all-time high. Prices were further pressured after the Agricultural Market Information System, set up by the Group of 20 countries, announced today that global wheat, corn and soybeans […]
Read moreDecember 5, 2013 10:20 am
Natural gas hovered close to 6-month highs for a second day, ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. Weather forecasts called for freezing temperatures across most of the US densely populated areas. On the New York Mercantile Exchange, natural gas futures for settlement in January traded […]
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