April 4, 2014 6:56 am
Both West Texas Intermediate and Brent crude benchmarks rose on Friday but are set to close the week lower on prospects for a rise in Libyan oil exports after rebels blocking shipments from the countrys eastern ports said they have reached a principle agreement with the government to reopen the terminals. Simmering tension between Russia […]
Read moreApril 4, 2014 6:47 am
Gold futures headed for a third weekly slump, the longest run of losses since September, ahead of a government report that is forecast to show US employers added the most workers since November, while unemployment fell to a five-year low, backing the case for the Federal Reserve to keep cutting monetary stimulus. Assets in the […]
Read moreApril 3, 2014 1:02 pm
West Texas Intermediate crude fell for a fourth day and Brent hovered near a five-month low as demand for petroleum products in the US slid to the lowest since June, while fears of economic slowdown in China added to global demand fears. The market was further pressured amid prospects for a jump in Libyan oil […]
Read moreApril 3, 2014 12:25 pm
Natural gas futures rose on Thursday, ahead of a government report due later today that may show stockpiles declined at a faster than the five-year average pace, while supplies are already at the weakest level for this time of the season since 2003. On the New York Mercantile Exchange, natural gas for delivery in May […]
Read moreApril 3, 2014 9:09 am
Copper futures retreated from a three-week high as mines in the worlds biggest producer, Chile, were returning to normal activities after an earthquake and tsunami forced the nations authorities to order a massive evacuation. Meanwhile, gold prices hovered close to a seven-week low as investors weighed signs of increasing physical demand against prospects for reduced […]
Read moreApril 3, 2014 7:06 am
West Texas Intermediate crude fell for a fourth day and Brent hovered near a five-month low as demand for petroleum products in the US slid to the lowest since June, while fears of economic slowdown in China added to global demand fears. The market was further pressured amid prospects for a jump in Libyan oil […]
Read moreApril 3, 2014 6:49 am
Gold extended an advance from the lowest level in seven weeks amid bets that physical demand will increase, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained steady yesterday. On the Comex division of the New York Mercantile Exchange, gold futures for settlement in June traded at $1 293.20 an ounce by […]
Read moreApril 2, 2014 3:12 pm
West Texas Intermediate remained pressured on the downside even after government data showed US crude oil inventories fell for the first time in 11 weeks, defying expectations for a further build up, while supplies at the biggest US storage hub declined for a ninth straight week. Analysts feared the drop may be attributed to a […]
Read moreApril 2, 2014 1:43 pm
West Texas Intermediate crude fell for a third day ahead of government data that is expected to show an eleventh consecutive weekly build-up in US crude oil inventories. The oil complex, and particularly Brent crude, was heavily pressured amid the possible reopening of eastern Libyan export terminals. Market players eyed upcoming US supply data, as […]
Read moreApril 2, 2014 11:54 am
Copper futures jumped to a three-week high on Wednesday, on concern over a possible disruption in global supplies after an earthquake of 8.2 magnitude in Chile, the biggest producer of the red metal. Meanwhile, gold futures rebounded from a seven-week low, while silver also advanced. On the Comex division of the New York Mercantile Exchange, […]
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