September 4, 2014 3:07 pm
WTI and Brent futures were little changed at lower levels after the US reported largely expected crude oil inventory draws. Meanwhile, natural gas futures slid under pressure from a larger-than-expected build at natgas storage hubs in the US. On the New York Mercantile Exchange, WTI for settlement in October was down 0.64% to $94.93 per […]
Read moreSeptember 4, 2014 1:23 pm
Both West Texas Intermediate and Brent crude benchmarks fell on Thursday after posting sharp gains in the previous session as industry data showed an unexpected rise in US fuel stockpiles, while crude inventories fell less than projected. A strong dollar and Ukraine peace hopes further pressured prices. Investors eyed the upcoming EIA supplies report, as […]
Read moreSeptember 4, 2014 1:07 pm
Gold and silver futures were only slightly impacted by the major decision by the ECB to lower the central lending rate to a historic low of 0.05%. Meanwhile, copper futures gained as the ECB was seen supporting the real EU economy. Gold futures for December delivery on the Comex in New York traded at $1 […]
Read moreSeptember 4, 2014 11:48 am
Corn futures corrected some of Wednesdays losses, while wheat and soybeans were pressured further during early trade in Europe today. The USDA reported impeccable quality across all three crops in the US yesterday, reinforcing speculation that this year will see the highest harvests on record. Weather models project scattered showers across the Midwest and Northern […]
Read moreSeptember 4, 2014 11:25 am
Natural gas swung between minor gains and losses on Thursday after losing almost 5.5% the previous two sessions as market players weighed expectations for one of the smallest inventory builds during the replenishment season against prospects of cooling temperatures across most of the US. Natural gas for delivery in October added 0.13% by 11:06 GMT […]
Read moreSeptember 4, 2014 7:29 am
Gold futures were little changed during early trade in Europe today, as investors eye the upcoming ECB meeting, set to decide on further monetary stimulus for the struggling EU economy. US employment data is also on the radar, while expected developments on the crisis in Ukraine are also keenly monitored. Gold futures for December delivery […]
Read moreSeptember 4, 2014 7:22 am
Both West Texas Intermediate and Brent crude benchmarks fell on Thursday after posting sharp gains in the previous session as industry data showed an unexpected rise in US fuel stockpiles, while crude inventories fell less than projected. A strong dollar and Ukraine peace hopes further pressured prices. Investors eyed the upcoming EIA supplies report, as […]
Read moreSeptember 3, 2014 2:09 pm
Both West Texas Intermediate and Brent crude benchmarks extended gains on Wednesday as Russia and Ukraine drew closer to striking a peace deal. A government report may show a drop in both US crude oil and refined product inventories. Encouraging US data also provided some support but a stronger dollar, fears of slowing Chinese and […]
Read moreSeptember 3, 2014 12:21 pm
Gold and silver futures were slightly higher during midday trade in Europe today, after the precious metals dropped to ten-week lows overnight. Meanwhile, copper futures were lower as an investigation in China and growing global supplies weighed. Gold futures for December delivery on the Comex in New York traded at $1 268.6 per troy ounce, […]
Read moreSeptember 3, 2014 10:03 am
Natural gas rose on Wednesday after falling the most in six months ahead of what could be one of the lowest inventory builds during the replenishment season and as short-term weather forecasts called for a brief surge in temperatures over the Midwest and Eastern US. However, expectations for comfortable readings during most of September with […]
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