September 19, 2013 8:28 am
Copper extended Wednesdays gains and hit a three-week high after policy makers decided to keep Feds monthly bond purchases intact. Meanwhile, the metal also drew support following a 10th consecutive drop in inventories monitored by the LME. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December rose by […]
Read moreSeptember 19, 2013 7:42 am
Gold continued to advance on Thursday and hit a new session high in early European trading as policy makers decided to keep the pace of monthly bond purchases intact after FOMCs two-day meeting. A broadly weak dollar allowed the metal to rise back to a one-and-a-half week high. Silver, platinum and palladium surged as well. […]
Read moreSeptember 19, 2013 6:51 am
Both WTI and Brent benchmarks extended yesterdays major advance as policy makers defied broad market expectations for Quantitative Easing tapering and left the monetary easing program intact. The oil market was also strongly supported by unexpectedly upbeat U.S. inventories data, which showed stockpiles fell to the lowest since March 2012. Gains however remained limited as […]
Read moreSeptember 18, 2013 2:58 pm
Both WTI and Brent benchmarks extended their daily gains as the Energy Information Administration reported that U.S. crude oil inventories fell more than expected last week. Motor gasoline and distillate fuel supplies confounded analystss projections for an increase and dropped more than 1 million barrels each. On the New York Mercantile Exchange, WTI crude for […]
Read moreSeptember 18, 2013 2:27 pm
Natural gas fell more than 1.5% after hitting a 2-month high on Tuesday as forecasts for mild weather in key consuming areas curbed demand prospects. Market players focused on the outcome of FOMCs meeting due to conclude later today and Thursdays weekly EIA natural gas storage report. On the New York Mercantile Exchange, natural gas […]
Read moreSeptember 18, 2013 9:33 am
Grain futures were mixed on Wednesday with corn and wheat advancing, while soybeans posted a minor daily decline. Based on crop-insurance data, the actual drop in areas planted to soybeans was smaller than previously estimated, while insurance claims on corn covered more acres in September than in August. Claims on wheat areas also rose from […]
Read moreSeptember 18, 2013 8:19 am
Copper traded mostly lower in Asian trading but rebounded to positive territory on in the European session amid increased market volatility before the Federal Open Market Committee concludes its meeting later today. Policy makers will decide whether they should begin decelerating Feds Quantitative Easing program but broad expectations point in that direction. On the Comex […]
Read moreSeptember 18, 2013 7:48 am
Gold fell below the $1 300 mark in early European trading and touched a six-week low, after which consolidation followed around the key level amid broad market expectations that the Fed will begin trimming its monetary stimulus after the end of FOMcs meeting later today. Silver and palladium fell, while platinum slightly advanced. On the […]
Read moreSeptember 18, 2013 7:01 am
Both West Texas Intermediate and Brent benchmarks traded near multi-week lows as Libya made progress in restoring partially its oil output, while advancing peace talks between worlds major forces regarding military action against Syria eroded oils geopolitical premium. Market players also awaited the outcome of FOMCs two day meeting which will conclude today with broad […]
Read moreSeptember 17, 2013 2:38 pm
Natural gas rose for a fourth day on speculations that this weeks EIA U.S. natural gas storage report will show a smaller than average increase in stockpiles. Warmer than usual weather through the end of the month boosted the power-stations demand prospects. On the New York Mercantile Exchange, natural gas futures for delivery in October […]
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