August 25, 2014 11:34 am
Natural gas futures were soaring during midday trade in Europe today, as warmer weather over high-demand regions in the US suggested higher power demand, inducing a rally for the blue fuel. Front-month natural gas futures for delivery in September traded at $3.917 per million British thermal units (mBtu), up 2.01%, at 11:29 GMT on the […]
Read moreAugust 25, 2014 8:22 am
Gold futures were lower during early trade in Europe today, as investors look towards economic data to further strengthen speculation for an earlier than previously expected US rate hike. The US dollar hovered near a 13-month peak, weighing on havens. Gold futures for December delivery on the Comex in New York traded at $1 278.0 […]
Read moreAugust 25, 2014 7:08 am
WTI and Brent futures were little changed during early trade in Europe today, as investors eye upcoming data from the US and EU to gauge the direction of the dollar, and the broader economic picture. The US currency is orbiting a one-year peak, weighing on crude. West Texas Intermediate futures for October delivery on the […]
Read moreAugust 24, 2014 10:52 am
West Texas Intermediate crude fell on Friday to mark a fifth straight weekly decline, the longest losing stretch in nine months, as ample global supplies and falling gasoline demand in the US during the peak summer driving season spurred bearish sentiment. A stronger dollar and receding geopolitical unrest in key regions of interest for the […]
Read moreAugust 23, 2014 10:05 am
Natural gas fell on Friday but closed the week higher as temperatures across most of the high-consuming US areas warmed up and a low pressure system southeast of the Gulf raised some eyebrows. However, another larger-than-average US inventories build, coupled with forecasts calling for a cooling of temperatures next week, limited gains. On the New […]
Read moreAugust 23, 2014 8:28 am
Gold futures logged a sizable drop this week, as investors saw a more hawkish Fed in the July meeting minutes, betting on an earlier interest rate hike. Economic data by the US fomented bullish sentiment for the dollar, pressuring the yellow metal further. The ongoing conflicts in Ukraine and in the Middle East did not […]
Read moreAugust 22, 2014 12:56 pm
Gold and silver futures were higher during midday trade in Europe today, as tensions in Ukraine stoked some haven bids ahead of speeches from the top US and EU central bankers later today. Meanwhile, copper futures were higher and headed for a sizable weekly gain. Gold futures for December delivery traded at $1 279.9 per […]
Read moreAugust 22, 2014 12:53 pm
Both West Texas Intermediate and Brent crude benchmarks were set for weekly losses, pressured down by abundant global supplies and a stronger dollar. Slowing factory growth in China and the Eurozone also helped push prices down. Natural gas fell after the EIA reported a larger-than-expected build in nationwide inventories and as readings across some high […]
Read moreAugust 22, 2014 9:52 am
Natural gas fell on Friday but headed for a weekly gain as short-term weather forecasts called for mostly warmer-than-usual temperatures across many high-consuming states. However, a much larger-than-average jump in US gas inventories last week and expectations for more of the same to come pressured in the next weeks pressured the market down. On the […]
Read moreAugust 22, 2014 7:30 am
Both West Texas Intermediate and Brent crude benchmarks were little changed on Friday and headed for a weekly loss as ample global supplies and a stronger dollar pressured the market, while geopolitical risks eased. Slowing manufacturing activity growth in China and Europe also helped push prices lower. On the New York Mercantile Exchange, WTI crude […]
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