October 7, 2013 2:24 pm
Natural gas rose more than 2.5% on Monday as forecasters predicted warm weather in key U.S. consuming areas throughout most of October, boosting demand prospects for the power-station fuel. Gains however remained limited after output in the Gulf of Mexico recovered and amid expectations for a higher than the average increase in inventories last week. […]
Read moreOctober 7, 2013 1:56 pm
Grain futures were mixed on Monday with wheat and corn advancing, while soybeans marked a minor decline after hitting a 1-week high earlier in the day as rains in the Midwest were expected to disrupt the harvest. On the Chicago Board of Trade, soybeans futures for November settlement slipped 0.31% to $12.9138 per bushel at […]
Read moreOctober 7, 2013 9:59 am
Copper continued to retreat on Monday as the U.S. partial government shutdown entered a second week, fueling concern that the upcoming talks on raising the nations debt ceiling by October 17 might not be successful. A reduction in the World Banks forecast for the Chinese GDP growth further dampened market sentiment. On the Comex division […]
Read moreOctober 7, 2013 9:04 am
Gold marked a minor advance on Monday as investors weighed the budget impasses impact on Feds monetary stimulus program against a possible deflation arising. The partial government shutdown entering a second week fueled concern for a tough-to-reach agreement between lawmakers on raising the nations debt limit by October 17, which would lead to an unprecedented […]
Read moreOctober 7, 2013 7:04 am
West Texas Intermediate crude fell on Monday after posting the first weekly advance in a month as tropical storm Karen weakened during the weekend and producers began returning personnel to platforms. Ongoing stalemate in budget talks between Republicans and Democrats fueled concern that lawmakers wont reach an agreement to raise the U.S. debt ceiling by […]
Read moreOctober 4, 2013 10:29 am
Grain futures were mixed on Friday with wheat and corn advancing, while soybeans retreated as forecasters predicted favorable weather for harvest in the weekend. On the Chicago Board of Trade, soybeans futures for settlement in November fell by 0.38% to $12.8425 per bushel at 10:27 GMT. Prices held in range between days high and low […]
Read moreOctober 4, 2013 9:01 am
Natural gas rose for the first time in three days on Friday as tropical storm Karen continued to move north-northwestward and is poised to reach hurricane strength by the end of the day, forcing companies to evacuate personnel from platforms. A bearish report by the EIA on Thursday limited gains. On the New York Mercantile […]
Read moreOctober 4, 2013 8:13 am
Gold marked a slight advance on Friday amid a weak U.S. dollar as the U.S. government shutdown entered a fourth day with prospects for extending into next week. Political wrangling over raising the nations debt limit on October 17 boosted further concern over the U.S. economic growth. Silver fell, while platinum and palladium rose. On […]
Read moreOctober 4, 2013 7:20 am
West Texas Intermediate fell for a fourth day in five as the U.S. government shutdown extended into a fourth day after Congress failed to pass a budget for the 2014 fiscal year before the October 1 deadline. Tropical storm Karen which is expected to reach hurricane strength on Friday forced oil producers to begin evacuating […]
Read moreOctober 3, 2013 2:51 pm
Natural gas fell more than 1% in the U.S. trading session after the Energy Information Administration reported that U.S. inventories rose more than expected last week, indicating lingering demand. Market players continued to monitor tropical storm activity in the Gulf of Mexico. On the New York Mercantile Exchange, natural gas for delivery in November fell […]
Read more