January 30, 2014 8:29 am
West Texas Intermediate crude marked a minor daily gain on Thursday after a government report showed US distillate fuel inventories fell more than expected in the seven days through January 24th, offsetting a larger-than-projected build in crude stockpiles. Feds decision on Wednesday to trim its monthly bond purchases by another $10 billion dampened demand for […]
Read moreJanuary 29, 2014 4:09 pm
West Texas Intermediate crude trimmed its daily losses on Wednesday after a stronger-than-projected decline in US distillate fuel supplies, a closely watched category during the winter season, offset an unexpectedly large build in US crude oil inventories. Market players attention remained fixed at the outcome of FOMCs two-day meeting ending today, where policy makers will […]
Read moreJanuary 29, 2014 3:37 pm
Grain futures declined on Wednesday, corn lost ground on concern demand from China may have slowed this month, while wheat touched fresh 3-1/2-year lows on ample global output. On the Chicago Board of Trade, corn futures for March delivery declined by 0.12% to trade at $4.3088 a bushel by 15:23 GMT. Futures held in a […]
Read moreJanuary 29, 2014 10:53 am
Natural gas futures advanced on Wednesday, 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 to crank up the heating. On the New York Mercantile Exchange, natural […]
Read moreJanuary 29, 2014 8:39 am
West Texas Intermediate crude eased after hitting the highest price in four weeks on Tuesday as a private report showed a larger-than-expected gain in US crude inventories in the week through January 24th. Investors awaited the outcome of FOMCs two-day meeting ending today where an alleged further reduction in the central banks monthly bond purchases […]
Read moreJanuary 29, 2014 8:36 am
Gold traded little changed on Wednesday, as investors expected Fed policy makers will scale back stimulus at their two-day meeting, which concludes today. Reduced physical demand from China weighed on prices, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF remained close to a 5-year low, adding to bearish sentiment. On the Comex […]
Read moreJanuary 28, 2014 2:30 pm
Grain futures were mixed on Tuesday, wheat advanced amid potentially harmful weather conditions in the US, the largest exporter of the grain. Meanwhile, corn and soybeans lost ground. On the Chicago Board of Trade, wheat futures for settlement in March added 0.79% to trade at $5.6788 per bushel by 13:40 GMT. Prices jumped to a […]
Read moreJanuary 28, 2014 8:59 am
Natural gas advanced, rebounding from the biggest daily decline since May, as short-term weather forecasting models called for freezing cold weather conditions over most of the densely populated US areas. Chilly temperatures boost natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange, natural gas for delivery in March surged […]
Read moreJanuary 28, 2014 8:36 am
West Texas Intermediate crude recovered after hitting a one-week low on Monday but gains were capped before a government report that may show a modest increase in US crude oil inventories, despite a projected decline in distillate fuel stockpiles. Prices received further pressure as markets awaited the outcome of FOMCs two-day meeting where policy makers […]
Read moreJanuary 28, 2014 7:51 am
Gold retreated from nine-week highs on expectation Federal Reserve will scale back its stimulus at the upcoming FOMCs meeting. Reduced physical demand from China weighed on prices, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF remained close to a 5-year low, adding to bearish sentiment. On the Comex division of the New […]
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