September 10, 2013 2:10 pm
Oil prices slumped in the late European session as Syrian Foreign Minister Walid al-Muallem said today that his country agreed with Russias proposal to relinquish control of its chemical arsenal in order to avoid military conflict with the U.S. Both WTI and Brent benchmarks fell more than 2%, followed by a 1.5% decline in gold […]
Read moreSeptember 10, 2013 12:21 pm
Grain futures were mixed on Tuesday with corn and wheat marking minor daily gains, while soybeans declined as weather forecasts showed expectations for rainfall in the Midwest that would ease stress on the oilseed crop. On the Chicago Board of Trade, soybean futures for delivery in November fell by 0.67% to $13.4738 at 12:19 GMT. […]
Read moreSeptember 10, 2013 9:58 am
Copper fell for the first time in three days on Tuesday as market players weighed the possibility for Fed tapering its monetary stimulus this month against prospects for increased demand in China following the recent upbeat data. Uncertainty over what actions the U.S. will take against Syria also left market players ambivalent about their expectations. […]
Read moreSeptember 10, 2013 9:32 am
Gold fell for a second day as tension in the Middle East eased after Russia proposed to assist Syria in relinquishing control of its chemical weaponry, if that would help avoid an imminent U.S.-led intervention in the Syrian civil war. Broad expectations that the Federal Reserve will begin paring its monetary stimulus after FOMCs upcoming […]
Read moreSeptember 10, 2013 7:13 am
West Texas Intermediate fell for a second day as fear over an imminent attack against the Syrian regime eased after Russia said it will help put Syrias chemical weaponry under international control, which could avert the U.S.-led attack against the Middle Eastern country. On the New York Mercantile Exchange, WTI crude for October delivery fell […]
Read moreSeptember 9, 2013 2:49 pm
Both WTI and Brent benchmarks retreated in early American trading on receding fears that the U.S. will launch an imminent attack against the Syrian regime for using chemical weaponry against its own civilians on August 21. President Obama still faces opposition in the U.S. Senate and it is not clear whether a vote authorizing the […]
Read moreSeptember 9, 2013 11:59 am
Natural gas futures rebounded after posting the first weekly decline in a month as weather forecasters continued to predict above-normal temperatures in key consuming areas. On the New York Mercantile Exchange, natural gas futures for October delivery rose by 0.92% to $3.563 per million British thermal units at 11:58 GMT. Prices held in range between […]
Read moreSeptember 9, 2013 11:01 am
Grain futures were mixed on Monday with soybeans advancing for a third straight day, while corn and wheat fell. Market players awaited this weeks USDA crop progress report on Monday and the agencys forecasts update on Thursday. On the Chicago Board of Trade, soybeans futures for November delivery traded at $13.7613 a bushel at 10:48 […]
Read moreSeptember 9, 2013 8:41 am
Copper rose on Monday as upbeat trade and inflation data from its top consumer China added to evidence that the worlds second biggest economy is rebounding after two quarters of slowing growth. On the Comex division of the New York Mercantile Exchange, copper for December delivery rose by 0.67% to $3.285 per pound at 8:40 […]
Read moreSeptember 9, 2013 8:06 am
Gold traded higher throughout the day but remained near its previous closing price as investors weighed expectations for Quantitative Easing tapering taking part this month against increased physical demand and persisting unrest in Syria. Silver declined,while palladium rose and platinum remained fairly unchanged. On the Comex division of the New York Mercantile Exchange, gold futures […]
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