September 9, 2013 7:19 am
West Texas Intermediate crude fell on Monday after hitting a two-year high on Friday as Chinas General Administration of Customs reported that the countrys crude imports fell by 18% in August from July. Losses however remained in check amid ongoing tension in the Middle East with investors awaiting the upcoming vote in the U.S. senate […]
Read moreSeptember 6, 2013 1:32 pm
Gold surged to session highs after trading lower throughout the day as offcial data showed the U.S. economy created less jobs than expected in August, which could delay the Fed decelrating its monetary easing program. The unemployment rate fell to the lowest since December 2008 as less people looked for work. On the Comex division […]
Read moreSeptember 5, 2013 3:37 pm
WTI rose over the $108 mark on Thursday as the Energy Information Administration said in its weekly report that U.S. crude oil and gasoline inventories fell while distillate fuel supplies gained in the week ended August 30 generally in line with analysts projections. On the New York Mercantile Exchange, WTI crude for October settlement traded […]
Read moreSeptember 5, 2013 2:46 pm
Natural gas plunged more than 2% in the early U.S. trading session after the Energy Information Administration said in its weekly report that U.S. gas stockpiles rose more than analysts expected. Losses however remained limited as forecasts for warmer-than-usual weather boosted demand prospects for the power-station fuel. On the New York Mercantile Exchange, natural gas […]
Read moreSeptember 5, 2013 2:11 pm
Gold fell back to negative territory in the early U.S. session after trading mostly higher throughout the day as upbeat U.S. jobless data hinted that tomorrows non-farm payrolls and unemployment rate will probably post positive readings as well and reinforce speculations that the Federal Reserve will trim its bond purchases in September. A separate report […]
Read moreSeptember 5, 2013 12:35 pm
Soybeans fell for a second day on Thursday on speculations that recent gains in prices were overdone amid forecasts for a record-high global output in the 2013-2014 season. Corn and wheat retreated as well. On the Chicago Board of Trade, soybeans futures for November settlement slipped 0.99% to $13.3975 per bushel at 12:32 GMT. Prices […]
Read moreSeptember 5, 2013 8:40 am
Natural gas futures fluctuated in a narrow range between gains and losses on Thursday and remained close to Wednesdays 6-week high as forecasts for above-normal temperatures in key consuming areas boosted the power-plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in October traded at $3.682 per million British thermal […]
Read moreSeptember 5, 2013 7:45 am
Gold extended Wednesdays losses after a Senate vote authorized a limited U.S. attack against Syria, which eased concern over all-out military action that could spill the conflict over to the entire region. Speculation that the Federal Reserve will scale back its bond purchases in September continued to weigh on the market. On the Comex division […]
Read moreSeptember 5, 2013 7:05 am
Oil prices marked a minor advance on Thursday as the American Petroleum Institute reported that U.S. crude reserves fell more than expected last week. Senate authorization for a limited U.S.-led attack against the Syrian regime eased concern over the conflict spreading into the entire region, while speculation that the Federal Reserve will begin tapering its […]
Read moreSeptember 4, 2013 3:04 pm
Gold lost further positions on Wednesday as Russian President Vladimir Putin did not rule out approving a military operation against the Syrian regime if Assads guilt for the August 21 chemical attack in the suburbs of Damascus is proven. Putin however said that without a U.N. resolution all military action against Syria are considered as […]
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