March 18, 2014 8:19 am
West Texas Intermediate crude marked a minor advance after trading lower most of the day amid expectations a private and a government inventories reports will show a ninth consecutive jump in US crude supplies. Brent rose but remained close to yesterdays five-week low as expected US and EU sanctions against Russia turned out to be […]
Read moreMarch 18, 2014 7:55 am
Gold futures extended a decline from the strongest level in more than six months as better-than-expected US economic data backed the case for further stimulus cuts before the Federal Reserve starts a two-day meeting today. Also fanning negative sentiment, assets in the SPDR Gold Trust, the biggest bullion-backed ETF, retreated from the highest level since […]
Read moreMarch 17, 2014 2:24 pm
Corn and wheat fell marked significant declines on Monday as exports from one of their biggest exporters, Ukraine, seemed to be unaffected by the growing tension between Kiev and Moscow following Sundays referendum in Crimea. Soybeans fell as well. On the Chicago Board of Trade, wheat futures for May delivery fell by 1.49% to $6.770 […]
Read moreMarch 17, 2014 1:03 pm
Copper rose on Monday after posting its worst weekly performance in 11 months as investors were attracted by the lower prices and traders covered short orders, but the red metal remained close to Wednesdays 44-month low due to the persisting tension in Ukraine. Concerns that China might not be able to reach its first-quarter economic […]
Read moreMarch 17, 2014 11:04 am
Natural gas rose by more than 2% on Monday after it slid to the lowest in seven weeks on Friday as expectations for an upcoming warm up in the US gave way to forecasts for cold weather, boosting demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in April […]
Read moreMarch 17, 2014 9:09 am
Gold traded near the highest level in six months after it rose for a sixth straight week, the longest winning stretch in more than 2-1/2 years, as Sundays referendum in Crimea fueled concerns of further escalation of tension, boosting demand as a store of value. Assets in the biggest bullion-backed ETP rose to the highest […]
Read moreMarch 17, 2014 7:58 am
Both West Texas Intermediate and Brent benchmarks traded slightly on the downside in early European trading after edging higher during the Asian session. Prices remained supported amid rising geopolitical tension between Russia and the West after Sundays referendum in Crimea reflected the peoples decision to separate from Ukraine. Supply outages in Libya also underpinned the […]
Read moreMarch 16, 2014 10:12 am
Both West Texas Intermediate and Brent crude benchmarks rose on Friday, supported by an upward revised global demand growth forecast by the International Energy Agency and amid heightened tension ahead of Crimeas referendum on Sunday. Prices however settled the week lower, pressured by rising stockpiles and domestic output in the US hitting a new multi-decade […]
Read moreMarch 15, 2014 8:22 am
Gold futures touched the strongest level in more than six months on Friday and capped a sixth weekly advance, the longest winning run since August 2011, as escalating tension in Ukraine, ahead of a referendum in Crimea on splitting to join Russia, and concern China’s growth is slowing momentum, boosted demand for bullion as a […]
Read moreMarch 14, 2014 2:44 pm
Grain futures were mixed on Friday, soybeans headed for the biggest weekly decline in more than seven months amid signs of slowing demand from China, the worlds largest importer. Meanwhile, corn advanced, while wheat erased earlier losses to hover near the strongest level in more than four months. On the Chicago Board of Trade, soybeans […]
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