June 8, 2014 5:23 pm
Natural gas jumped to a one-month high on Friday and settled the week higher as weather forecasts calling for above-normal temperatures across most of the US offset a larger-than-expected jump in US natural gas inventories. On the New York Mercantile Exchange, natural gas futures for delivery in July rose by 0.19% to $4.710 per million […]
Read moreJune 8, 2014 11:17 am
Gold futures logged shy gains this week. A plethora of data signaled markets both ways, with the Eurozone unveiling a stimulus plan for the economy, while the US appeared more confident, pushing stocks to record highs. Ukraine was just as troubled, probably even more, ahead of the presidential inauguration on Saturday, but markets shrugged off […]
Read moreJune 7, 2014 1:03 pm
WTI and Brent futures closed the week relatively unchanged. A plethora of data signaled markets both ways, with the Eurozone unveiling a stimulus plan for the economy, while the US appeared more confident. China posted conflicting reports, ahead of key data next week. West Texas Intermediate futures for settlement in July closed for $102.71 per […]
Read moreJune 6, 2014 1:24 pm
WTI and Brent futures were higher during midday trade in Europe today, as the US reported employment data for May. Previously, contracts were little impacted by a reported drop for US oil inventories, and by ECBs interest rate decision. Meanwhile, natural gas futures were lower, after a sizable gain for stockpiles in top-consumer US was […]
Read moreJune 6, 2014 1:01 pm
Gold and silver futures traded higher after the US revealed new payrolls were not better than expected. Previously, precious metals gained yesterday, as the ECB unveiled plans to stimulate the economy. Meanwhile, copper futures were lower amid an ongoing lending fraud investigation in top-consumer China. Gold futures for delivery in August traded for $1 257.5 […]
Read moreJune 6, 2014 8:53 am
Natural gas futures traded higher during early hours in Europe today. Yesterday the US Energy Information Administration (EIA) reported a huge increase in natural gas storage levels. However, blue fuel contracts actually closed higher, as inventories are still well-below average, ahead of rising power demand in summer. Front month natural gas futures, due in July, […]
Read moreJune 6, 2014 8:04 am
Gold futures were slightly higher during early trade in Europe today. Yesterday the precious metal gained, as the dollar was weakened by the rebound in the euro, following ECBs rate decision. Stocks were also very positively impacted by the ECB decision, with all four major indices closing Thursdays session with record highs. Investors now eye […]
Read moreJune 6, 2014 7:03 am
Both WTI and Brent futures were little changed during early trade in Europe today. Yesterday the European benchmark gained, as the European Central Bank (ECB) unveiled measures to boost the economy, while the US brand dropped. Investors now eye a payrolls report from the US, arguably the most important leading indicator for the health of […]
Read moreJune 5, 2014 2:41 pm
Crude oil futures traded lower after the ECB rate decision was announced today, as the euro weakened and the dollar gained. However, action in the Eurozone indicates possible future growth for consumption in the Bloc, improving outlooks for oil. Meanwhile, natural gas futures plummeted deep into negative territory on news of massive supply gains for […]
Read moreJune 5, 2014 12:18 pm
Gold and silver futures were little changed during midday trade in Europe, after the European Central Bank (ECB) announced cuts for interest and deposit rates, weakening the euro. Investors now eye the upcoming ECB press conference for further cues and indications, before a key payrolls report from the US tomorrow. Meanwhile, copper futures traded lower […]
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