September 12, 2013 7:39 am
Gold plunged more than 1% to a month-low as FOMCs September meeting drew closer and broad expectations call for a reduction of Feds bond purchasing program to be announced. Receding concern over an escalation of the Syrian conflict also pressured the market. Silver, platinum and palladium fell as well. On the Comex division of the […]
Read moreSeptember 12, 2013 6:58 am
Both WTI and Brent benchmarks swung between gains and losses on Thursday as market players weighed OPECs ample global supply outlook against uncertainty over a peaceful resolution of the Syrian conflict. On the New York Mercantile Exchange, WTI crude for October delivery traded at $107.48 per barrel at 6:56 GMT, down 0.08% on the day. […]
Read moreSeptember 11, 2013 3:19 pm
Both WTI and Brent benchmarks trimmed daily gains after the Energy Information Administration said in its weekly report that U.S. crude inventories fell less than expected last week. Gasoline supplies confounded expectations and surged, while distillate fuel stocks rose more than anticipated. Easing tension in Syria continued to pressure the market. On the New York […]
Read moreSeptember 11, 2013 11:36 am
Grain futures posted moderate gains on Tuesday amid expectations that the U.S. Department of Agriculture will trim its output forecast on September 12 due to recent unfavorable weather conditions. On the Chicago Board of Trade, soybeans futures for November delivery rose by 0.34% to $13.5963 per bushel at 11:15 GMT. Prices held in range between […]
Read moreSeptember 11, 2013 9:48 am
Natural gas futures marked a minor daily advance on Wednesday as market players weighed forecasts for above-normal temperatures against expectations that the EIA will report U.S. stockpiles rose more than the five-year average last week. On the New York Mercantile Exchange, natural gas futures for delivery in October gained 0.14% to $3.589 per million British […]
Read moreSeptember 11, 2013 9:07 am
Copper advanced on Wednesday as receding fears that the U.S. will launch a punitive military attack against Syria stoked demand for riskier assets and reduced concern that a war in the Middle East would hurt the global economic recovery. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December […]
Read moreSeptember 11, 2013 8:31 am
Gold futures traded on the upside in the early European session but remained fairly unchanged as diminishing concern over U.S. military intervention in Syria limited safe haven demand for the metal. The market was also pressured amid broad expectations that the Federal Reserve will begin trimming its monetary easing program after FOMCs upcoming meeting next […]
Read moreSeptember 11, 2013 7:27 am
West Texas intermediate dropped for a third day as President Obama called for a pause on authorizing military action against Syria after yesterday the Middle Eastern country agreed with the Russian proposal to relinquish control of its chemical arsenal. This eased concern over an imminent escalation of the conflict, which investors feared might spill over […]
Read moreSeptember 10, 2013 2:56 pm
Natural gas futures fell on Tuesday as weather forecasts pointed at normal temperatures across the East Coast. The fuel was also pressured as analysts expected this weeks build to exceed the five-year average, sighting waning demand. On the New York Mercantile Exchange, natural gas for October delivery fell by 1.2% to $3.560 per million British […]
Read moreSeptember 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 […]
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