March 21, 2014 8:07 am
West Texas Intermediate crude headed for a third straight weekly decline as ample US supplies and a stronger dollar offset better-than-expected economic figures from the worlds top consumer. An extension to the list of individuals sanctioned by the US due to their ties to President Vladimir Putin added to oils previously eroded geopolitical premium, putting […]
Read moreMarch 21, 2014 7:59 am
Gold futures traded little changed on Friday, but headed for the largest weekly loss since September after the Federal Reserve signaled interest rates may increase by mid-2015, while further trimming monetary stimulus. Also fanning negative sentiment, Goldman Sachs Group Inc. predicted prices may plunge to $1 000 an ounce. Meanwhile, assets in the SPDR Gold […]
Read moreMarch 20, 2014 2:51 pm
Natural gas futures extended daily losses, after a government report showed today that US gas stockpiles fell less than projected last week. However, losses were held in check as weather forecasting models called for below-normal temperatures across many densely populated US areas, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural […]
Read moreMarch 20, 2014 1:00 pm
Gold futures slid to a three-week low as Federal Reserve officials signaled a rise in interest rates may be expected by mid-2015, boosting the US dollar and curtailing demand for the precious metal. Meanwhile, copper futures hovered near the weakest level since July 2010, also pressured by a stronger US dollar, while silver declined to […]
Read moreMarch 20, 2014 10:28 am
Both West Texas Intermediate and Brent crude benchmarks swung between gains and losses, with WTI touching a one-week high in early European trading, after government data showed yesterday a seventh consecutive drop in Cushing supplies, while stockpiles of refined products also fell. Albeit eroded, oil’s geopolitical premium stemming from the tension in Ukraine kept prices […]
Read moreMarch 20, 2014 8:26 am
Both West Texas Intermediate and Brent crude benchmarks rose in early European trading on Thursday after government data showed yesterday a seventh consecutive drop in Cushing supplies, while stockpiles of refined products also fell. Although it strengthened the US dollar, policy makers decision to cut Feds monetary stimulus by another $10 billion per month fanned […]
Read moreMarch 20, 2014 7:49 am
Gold futures traded close to three-week low as Federal Reserve officials signaled a rise in interest rates by 2015, while further trimming monetary stimulus, boosting the US dollar and curtailing demand for the precious metal. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged yesterday, after retreating from three-month high on March […]
Read moreMarch 19, 2014 3:25 pm
Gold futures declined the most in six weeks as investors assessed the prospects that Fed will cut stimulus as the economy gains, curbing demand for the precious metal as a store of value. Meanwhile, silver also edged lower, while copper futures slid to the weakest level since July 2010, after the collapse of a Chinese […]
Read moreMarch 19, 2014 2:59 pm
West Texas Intermediate crude remained on the upside on Wednesday after government data showed that supplies at Cushing, Oklahoma, fell for a seventh week to the lowest in more than two years last week, while nationwide inventories rose twice as expected. Easing tension in Ukraine kept the market pressured, but plans to double the Seaway […]
Read moreMarch 19, 2014 1:40 pm
Arabica futures rose for a second day on Wednesday after prices fell to a two-week low on Monday, buoyed by expectations for a shortage in arabica beans as Brazil, the worlds largest producer, saw its driest summer in more than four decades. However, an improved weather outlook limited gains. Robusta futures swung between gains and […]
Read more