November 19, 2013 8:38 am
Both West Texas Intermediate and Brent benchmarks fell in early European trading on Tuesday as investors weighed comments by Fed officials implying an earlier-than-projected stimulus tapering against expectations that U.S. crude inventories snapped eight straight weeks of gains last week and fell by 1 million barrels. However, market sentiment continued to be dominated by Janet […]
Read moreNovember 18, 2013 3:15 pm
Grain futures were mixed on Monday with wheat and soybeans marking an advance, while corn hovered near three-year low levels following a U.S. proposition for a cut in refineries renewable fuel quota, limiting demand prospects for grains used for the production of biofuels. On the Chicago Board of Trade, corn futures for settlement in December […]
Read moreNovember 18, 2013 1:51 pm
Natural gas rose for a third day to a three-week high on Monday as weather forecasting models predicted current above-normal temperatures in the U.S. to give way to colder-than-usual weather, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.694 per million British […]
Read moreNovember 18, 2013 1:06 pm
Copper extended last weeks losses into Monday after data from the U.S. Commodity Futures Trading Commission showed hedge funds and other large speculators turned bearish for the first time in two months, lured by stock markets. The lack of immediate measures in Chinas reform package to boost commodities, coupled with forecasts for a higher than […]
Read moreNovember 18, 2013 10:34 am
Gold fell on Monday as data by the U.S. Commodity Futures Trading Commission showed hedge funds doubled their short holdings last week just before Fed Vice Chairwoman Janet Yellen pledged to maintain the central banks current bond purchasing pace if appointed as Bernankes successor. Prices however remained supported and near the $1 300 level as […]
Read moreNovember 18, 2013 8:51 am
Both West Texas Intermediate and Brent benchmarks fell on Monday on speculations Iranian diplomats and their counterparts from six world powers may reach an agreement over the nations disputed nuclear program this week in Geneva. Data showing Saudi Arabia, OPECs biggest producer, exported the most oil in eight years in September also weighed on prices. […]
Read moreNovember 17, 2013 11:34 am
Gold rose for a third day on Friday and capped two weeks of declines as a string of downbeat U.S. data backed Fed Vice Chairwoman Janet Yellens intentions to maintain the current pace of Feds monthly bond purchases, curbing speculations for an earlier-than-expected stimulus tapering. A weaker U.S. dollar allowed commodities denominated in the greenback […]
Read moreNovember 16, 2013 12:17 pm
West Texas Intermediate crude settled lower on Friday and capped a sixth consecutive weekly decline, the longest losing streak since 1998, as U.S. inventories rose for an eight straight week after output surged to the highest since January 1989. Speculations the Federal Reserve will refrain from paring its monthly bond purchases for some time following […]
Read moreNovember 15, 2013 2:32 pm
Gold rose back to positive daily territory and pared its weekly decline after data showed manufacturing activity in the New York region fell to the lowest since January, while import prices declined more than analysts projected. Industrial production contracted by the most since April. The downbeat data backed comments by Fed Vice Chairwoman Janet Yellen […]
Read moreNovember 15, 2013 1:10 pm
Natural gas swung between gains and losses on Friday on expectations for moderating temperatures in the short-term, followed by the return of colder-than-usual weather in key U.S. consuming areas early next week, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in December traded at $3.603 per million […]
Read more