September 4, 2013 10:02 am
Copper trimmed its weekly advance on Wednesday as investors weighed the possibility of Fed tapering its monetary easing program in September following the recent upbeat U.S. economic data. The metal was also pressured as inventories monitored by the LME rose last week. On the Comex division of the New York Mercantile Exchange, copper futures for […]
Read moreSeptember 4, 2013 9:25 am
Natural gas futures rose for a second day on concern that Atlantic Storms may disrupt production in the U.S. gulf, while weather forecasters continued to predict warmer-than-usual temperatures across key consuming areas, boosting the power-plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for October settlement rose by 0.34% to $3.679 per […]
Read moreSeptember 4, 2013 8:55 am
Grain futures edged lower on Wednesday and soybeans retreated more than 1% following Tuesdays biggest daily advance in a week as the USDA said in its weekly report that crop condition has deteriorated less than expected last week. On the Chicago Board of Trade, soybeans futures for November settlement fell to $13.6788 per bushel at […]
Read moreSeptember 4, 2013 7:57 am
Gold futures fell toward negative territory in European trading on Wednesday but remained firmly above the $1 400 mark as President Barack Obama won opposition lawmakers support ahead of the upcoming vote in Congress on September 9, which bolstered concern over an imminent military intervention in Syria. Earlier gains were however offset by growing speculation […]
Read moreSeptember 4, 2013 7:08 am
West Texas Intermediate held ground above $108 a barrel and Brent remained fairly unchanged well above the $115 mark as President Barack Obamas plan to initiate a punitive attack against the Syrian regime was backed by two opposition lawmakers, strengthening his position and fueling concern over a spreading conflict in the Middle East. Market players […]
Read moreSeptember 3, 2013 2:56 pm
West Texas Intermediate erased daily and weekly losses and surged to session highs as the Institute for Supply Management reported that U.S. factory activity grew at the fastest pace in more than two years, exceeding analysts expectations and boosting oils demand prospects. On the New York Mercantile Exchange, WTI crude for October delivery traded at […]
Read moreSeptember 3, 2013 11:13 am
Grain futures advanced on Tuesday as weather forecasting agencies predicted that the warm and dry weather across the main U.S. corn and soybean growing areas will extend into this week. Market players eyed the upcoming weekly USDA crop progress report due later today. On the Chicago Board of Trade, soybeans for delivery in November rose […]
Read moreSeptember 3, 2013 9:23 am
Natural gas futures rose for a fifth day in six as weather forecasters continued to predict warmer-than-average temperatures across key consuming areas, thus boosting the power plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for October delivery rose to $3.667 per million British thermal units by 9:15 GMT, up 2.4% on […]
Read moreSeptember 3, 2013 8:53 am
Copper rallied 2% on Tuesday following Mondays upbeat manufacturing data from Europe and China and as numbers may show on Tuesday that the U.S. manufacturing sector expanded further in August. Chinas services sector grew steadily in August. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December rose by […]
Read moreSeptember 3, 2013 8:18 am
Gold declined for a fourth day on Tuesday as concern over a U.S.-led attack against Syria continued to fade and a stronger greenback pressured dollar-denominated commodities. Signs for slow but consistent stabilization of global economic activity reduced the metals demand prospects. On the Comex division of the New York Mercantile Exchange, gold futures for delivery […]
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