August 20, 2014 12:46 pm
Both West Texas Intermediate and Brent crude benchmarks rebounded off multi-month low levels as their recent drop was seen excessive ahead of an expected drop in US crude oil, gasoline and distillate fuel inventories. Persisting geopolitical tensions in the Gaza Strip and Ukraine kept the market supported but a strong dollar and successful military actions […]
Read moreAugust 20, 2014 9:26 am
Wheat, corn and soybeans prices were all in the red during early trade in Europe today, as traders weighed incoming data from a crop-quality assessment tour in the US, the largest grower. According to the Pro Farmer Midwest Crop Tour, soybeans, corn and wheat in the US will all see the largest harvest to date, […]
Read moreAugust 20, 2014 9:18 am
Natural gas swung between gains and losses on Wednesday as market participants weighed short-term weather forecasts calling for mostly warmer-than-usual US weather against expectations for additional much larger-than-average nationwide inventory builds. On the New York Mercantile Exchange, natural gas for settlement in September was down 0.93% to trade at $3.841 per million British thermal units […]
Read moreAugust 20, 2014 7:24 am
Gold prices were little changed during early trade in Europe today, as traders await minutes from Feds July meeting. The precious metal was pressured lower yesterday, after the US dollar was boosted to an 11-month high by robust economic figures. Conflicts in Ukraine and in the Middle East kept losses in check. Gold futures for […]
Read moreAugust 20, 2014 7:19 am
Both West Texas Intermediate and Brent crude benchmarks were little changed on Wednesday, hovering near multi-month low levels, ahead of US supply data expected to show a drop in US crude inventories and a third consecutive decline in gasoline and distillate fuel supplies. A stronger dollar, rising Libyan output and Iraqi forces gaining ground on […]
Read moreAugust 19, 2014 2:13 pm
Both West Texas Intermediate and Brent crude benchmarks swung between gains and losses on Tuesday ahead of government data that may show US crude oil and gasoline stockpiles declined last week, but easing geopolitical tensions in Iraq kept gains in check. A strong dollar also weighed on oil. Natural gas advanced almost 2% as short-term […]
Read moreAugust 19, 2014 1:45 pm
Gold prices erased earlier gains during midday trade in Europe today, after the US posted encouraging economic data. Investors now eye the upcoming release of minutes from Feds July meeting. Meanwhile, copper prices were steady after the US data, awaiting crucial Chinese figures later this week. Gold futures for December settlement traded at $1 299.7 […]
Read moreAugust 19, 2014 12:46 pm
Copper prices steadied slightly above the previous close during midday trade in Europe today, after the US posted encouraging housing data. Investors now eye HSBCs China manufacturing PMI this Thursday, with expectations of further support. Copper futures for September delivery traded at $3.1125 per pound at 12:43 GMT on the Comex in New York, up […]
Read moreAugust 19, 2014 10:13 am
Natural gas rose on Tuesday after hovering near a 10-month low as weather forecasting agencies called for a decent warm-up across most of the US this week, but expectations for another much larger-than-average build in nationwide inventories last week limited gains. On the New York Mercantile Exchange, natural gas futures for settlement in September traded […]
Read moreAugust 19, 2014 9:50 am
Grain futures were on the downside during early trade in Europe today, as markets price in the latest report on US crops, in light of projections for record harvests this year. Weather patterns call for scattered showers and warm-to-hot weather for the Midwest and Northern Plains, favoring developing corn and soybeans this week. The Southern […]
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