December 10, 2013 8:35 am
Both West Texas Intermediate and Brent benchmarks rebounded from Mondays losses supported by expectations a government report tomorrow may show U.S. crude oil inventories fell for a second week in the seven days to December 6, signaling demand in the worlds top consumer is picking up. News that TransCanada Corp. began injecting oil in its […]
Read moreDecember 9, 2013 4:00 pm
Grain futures were mixed on Monday, with wheat losing ground as a record-high output is expected. Meanwhile, corn and soybeans advanced. Wheat futures for settlement in March traded at $6.5013 per bushel by 15:39 GMT, losing 0.2% on daily basis. Prices jumped to a session high of $6.5712, while day’s low was touched at $6.5012 […]
Read moreDecember 9, 2013 10:59 am
Natural gas traded close to Friday’s highs, unseen in more than six months, after weather forecasts continued to call for bitter cold temperatures and heavy snows across much of US, increasing demand for natural gas. Thursdays EIA report for the week ended November 29th showed a record November withdrawal in US gas inventories, which further […]
Read moreDecember 9, 2013 9:33 am
Gold traded little changed amid speculations that better-than-expected US data may prompt the Federal Reserve to taper stimulus, while a weaker dollar limited losses. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced by 3 tons to touch the lowest since January 2009, adding to bearish sentiment. On the Comex division of […]
Read moreDecember 9, 2013 8:23 am
West Texas Intermediate Crude traded near Fridays six week-high and Brent held firmly above the $111 mark after data from Chinas customs administration showed the Asian nations crude imports rebounded in November, while overall exports jumped by the most since April and widened Chinas trade surplus to the highest since January 2009. A separate report […]
Read moreDecember 8, 2013 12:43 pm
Chinas exports rose more than expected in November and widened the nations trade surplus to the highest in more than four years, adding to a recent series of upbeat data which suggested the governments 7.5% annual growth target will likely be met. Chinas General Administration of Customs said today in Beijing that outbound shipments surged […]
Read moreDecember 8, 2013 11:42 am
Gold fell on Friday amid speculations that better-than-expected US data may prompt the Federal Reserve to taper stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained for a second day at the lowest since January 2009, adding to bearish sentiment. A weaker dollar relieved some pressure on the metal. On the Comex […]
Read moreDecember 7, 2013 9:31 am
West Texas Intermediate crude rose for a sixth consecutive day on Friday, the longest winning streak in 3-1/2 months, and posted its best weekly performance since early July after upbeat GDP and employment data from the US sparked hopes for robust economic recovery, boosting demand prospects in the worlds top consumer. A weekly EIA report […]
Read moreDecember 6, 2013 3:02 pm
Grain futures lost ground on Friday, with wheat output reaching a record-high. Wheat futures for settlement in March traded at $6.5138 per bushel by 14:49 GMT, losing 0.1% on daily basis. Prices jumped to a session high of $6.5488, while day’s low was touched at $6.5138 per bushel. The grain has lost 2.5% this week, […]
Read moreDecember 6, 2013 12:00 pm
Gold fell amid speculations that better-than-expected US data from yesterday and keenly anticipated economic indicators due later today may prompt the Federal Reserve to taper stimulus. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained for a second day at the lowest since January 2009, adding to bearish sentiment. A stronger dollar put […]
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