March 27, 2014 2:48 pm
Natural gas futures advanced to a one-week high on Thursday, after a government report showed inventories fell more than-projected in the week ended March 21st, widening the deficit to the five-year average to a record and reaching the weakest level for this time of the year since 2003. On the New York Mercantile Exchange, natural […]
Read moreMarch 27, 2014 12:38 pm
Copper futures hovered near a two-week high amid speculation that some hedge funds were buying back the metal after betting on a price drop this quarter. Meanwhile, gold futures touched the weakest price in six weeks, while silver futures dropped to a 1-1/2-month low. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreMarch 27, 2014 10:29 am
West Texas Intermediate crude held near the highest level in two weeks after a government report showed on Wednesday that supplies at the nation’s biggest storage hub fell for an eight straight week after the commissioning of a new pipeline, while gasoline demand surged to the highest in three months. Meanwhile, natural gas futures traded […]
Read moreMarch 27, 2014 8:22 am
West Texas Intermediate crude held near the highest level in two weeks after a government report showed on Wednesday that supplies at the nations biggest storage hub fell for an eight straight week after the commissioning of a new pipeline, while gasoline demand surged to the highest in three months. The oil market also drew […]
Read moreMarch 27, 2014 7:54 am
Gold futures held losses after dropping to the weakest level in six weeks as further signs of recovery in the US backed the case for the Federal Reserve to keep cutting stimulus. Also fanning negative sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, fell for a second day yesterday, while a stronger […]
Read moreMarch 26, 2014 2:52 pm
West Texas Intermediate crude kept its previous gains after government data showed an eight straight weekly decline in supplies at the biggest US storage hub. Nationwide crude oil inventories however jumped for a tenth straight week, largely confirming a private report released on Tuesday. An unexpected rise in US durable goods orders also helped push […]
Read moreMarch 26, 2014 1:40 pm
Both West Texas Intermediate and Brent crude benchmarks advanced on Wednesday, supported by supply disruptions in Nigeria and Libya, and following yesterdays strong data from the US, which bolstered the top consumer’s economic outlook. However, easing worries over Ukraine held Brent gains in check. Meanwhile, natural gas futures declined on Wednesday as long-term weather forecasting […]
Read moreMarch 26, 2014 1:10 pm
Copper futures eased off from two-week highs on concern economic growth is faltering and default risks are increasing in the worlds largest consumer, China at a time when global supplies are piling. Meanwhile, gold futures edged slightly higher, while silver distanced further from the weakest level in 1-1/2 months. On the Comex division of the […]
Read moreMarch 26, 2014 10:18 am
Natural gas futures declined on Wednesday as long-term weather forecasting models called for a significant warm-up across most of the densely populated US areas, curbing demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in April traded at $4.392 per million British thermal units at 10:17 GMT, down 0.51% […]
Read moreMarch 26, 2014 7:52 am
Both West Texas Intermediate and Brent crude benchmarks edged higher in early European trading on Wednesday, supported by supply disruptions in Nigeria and Libya, as well as strong data from the US on Tuesday which bolstered the top consumers economic outlook. Gains however were capped after a private report showed a tenth consecutive weekly build […]
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