February 2, 2014 12:55 pm
West Texas Intermediate crude fell on Friday after hitting a one-month high a day earlier on fears that a slowdown in emerging economies, led by China, will hurt global demand. The US benchmark however settled the week higher, supported by accelerating US growth and declining fuel supplies in the worlds top oil consumer, narrowing its […]
Read moreFebruary 1, 2014 9:21 am
Factory growth in China eased to a six-month low in January due to weak foreign and local demand, a government report showed today, signalling a slow start of the year for the worlds second biggest economy. Chinas National Bureau of Statistics reported that the nations manufacturing Purchasing Managers Index slid to 50.5 in January, matching […]
Read moreJanuary 31, 2014 1:45 pm
Grain futures advanced on Friday, corn traded little changed, but headed for the first monthly gain since May, as exports from US, the top producer, increased. On the Chicago Board of Trade, corn futures for March delivery traded little changed at $4.3263 a bushel by 13:16 GMT. Futures held in a range between day’s high […]
Read moreJanuary 31, 2014 10:30 am
Natural gas extended its largest one-day drop in more than 4 years, as weather forecasting models called for significant warming across most of the densely-populated US areas, easing heating demand. On the New York Mercantile Exchange, natural gas for delivery in March fell by 2.75% to trade at $4.873 per million British thermal units by […]
Read moreJanuary 31, 2014 8:33 am
West Texas Intermediate crude fell during early European trading hours as traders locked in gains after prices rose to a one-month high yesterday. Robust US economic growth in the fourth quarter boosted demand prospects, but a stronger dollar pressured the commodities market. Signs of slowing Chinese economy and falling oil demand fanned negative sentiment, but […]
Read moreJanuary 31, 2014 8:06 am
Gold declined and was poised to snap five-week rally, the longest since September 2012, on increased bets the Federal Reserve will keep scaling back stimulus as the US economy showed signs of strengthening and as the recent slump in emerging markets eased. The metal drew some support as assets in the SPDR Gold Trust, the […]
Read moreJanuary 30, 2014 3:58 pm
Natural gas fell by nearly 6% on Thursday on forecasts for warming weather and continued to edge lower after a government report showed US gas inventories fell in line with expectations in the seven days through January 24th. However, long-term forecasts showing the return of cold weather across most of the US kept the energy […]
Read moreJanuary 30, 2014 1:55 pm
Grain futures advanced on Thursday, wheat rebounded from 3-1/2-year low amid concern the cold US weather may result in winterkill and speculation demand for supplies from the largest exporter, US, rose. On the Chicago Board of Trade, wheat futures for settlement in March added 0.82% to trade at $5.5613 per bushel by 13:45 GMT. Prices […]
Read moreJanuary 30, 2014 12:48 pm
Natural gas declined on Thursday, but was poised for the largest monthly gain in more than 4 years, ahead of a government report that may show US gas inventories fell by a larger than the five-year average amount. The energy source continued to draw support by the freezing cold US weather conditions, which forced Americans […]
Read moreJanuary 30, 2014 8:32 am
Gold declined on Thursday, as Fed decided yesterday to scale back its asset purchases from $75 billion to $65 billion. A stronger US dollar also weighed, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday for the first time in two weeks. On the Comex division of the New York Mercantile […]
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