October 2, 2013 7:16 am
Both West Texas Intermediate and Brent benchmarks continued to retreat on Wednesday as President Barack Obama and congressional Republicans couldnt resolve Tuesdays standoff which lead to a partial government shutdown after Congress failed to pass a budget for the 2014 fiscal year. A private report by the industry-funded American Petroleum Institute on Tuesday showed an […]
Read moreOctober 1, 2013 3:04 pm
Natural gas futures surged more than 2% on Tuesday as investors kept a close watch on a tropical storm over the central Atlantic Ocean and a low-pressure area over the western Caribbean Sea, which could disrupt supplies from the Gulf of Mexico. Forecasts for seasonal weather in most of the U.S. limited gains. On the […]
Read moreOctober 1, 2013 2:16 pm
Both West Texas Intermediate and Brent benchmarks extended their losses on Tuesday as parts of the U.S. government closed following Congresss failure to pass a budget before yesterdays deadline, which threatened the U.S. economic recovery and oil demand. Recovering output by Libya eased supply concerns. Mixed manufacturing data from China to Europe and the U.S. […]
Read moreOctober 1, 2013 10:11 am
Grain futures fell on Tuesday following USDAs inventories report on Monday with corn hitting the lowest since August 2010, while soybeans fell to the weakest level since the middle of August. Wheat dropped as well. On the Chicago Board of Trade, corn futures for delivery in December traded at $4.4113 a bushel at 9:52 GMT, […]
Read moreOctober 1, 2013 9:00 am
Copper swung between gains and losses on Tuesday as investors weighed a partial shutdown of the U.S. government against data which showed expansion in the manufacturing sectors of China, Great Britain and the Euro zone. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell to a new […]
Read moreOctober 1, 2013 8:02 am
Gold rose on Tuesday on rising save haven demand after the first U.S. government shutdown in 17 years threatened to impair the recovery of the worlds biggest economy. Silver, platinum and palladium tracked the metals upward momentum. On the Comex division of the New York Mercantile Exchange, gold futures for December settlement rose by 0.60% […]
Read moreOctober 1, 2013 7:05 am
West Texas Intermediate fell back below the $102 mark on Tuesday as the first U.S. government shutdown in 17 years threatened demand prospects in the worlds top consumer. Recovering Libyan production, improvement in the Iran – U.S. relations, boosted OPEC production and expected increase in U.S. crude inventories data further pressured prices. On the New […]
Read moreSeptember 30, 2013 2:38 pm
Natural gas extended last weeks decline into Monday as weather forecasters predicted seasonal temperatures in key consuming areas of the U.S., curbing demand prospects for the power-station fuel. Expectations for a larger than the average increase in inventories also weighed on the market. On the New York Mercantile Exchange, natural gas futures for settlement in […]
Read moreSeptember 30, 2013 10:09 am
Grain futures were mixed today with wheat and soybeans marking daily declines, while corn advanced. Soybeans declined as a possible government shutdown if Congress fails to pass a budget for the 2014 fiscal year threatened to disrupt crop inspections, while favorable weather boosted yield prospects. On the Chicago Board of trade, soybeans for delivery in […]
Read moreSeptember 30, 2013 9:17 am
Copper fell on Monday amid concern that a possible partial government shutdown might impair the U.S. and global economys recovery pace. A smaller than expected expansion of Chinas manufacturing sector also pressured prices. On the Comex division of the New York Mercantile Exchange, copper futures for December settlement fell by 0.11% to $3.326 per pound […]
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