September 3, 2013 6:59 am
West Texas Intermediate traded lower on the day and Brent crude fluctuated between gains and losses as the market was balancing between easing concern over an U.S.-led attack against the Syrian regime and increased demand prospects amid signs that the global economy is turning a corner following yesterdays upbeat manufacturing data from China and Europe. […]
Read moreSeptember 2, 2013 11:49 am
West Texas Intermediate erased partially earlier losses and Brent oil rebounded and traded on positive territory as upbeat manufacturing data from Europe boosted demand prospects. Expanding manufacturing activity in China also supported the market, balancing against easing concern over an imminent U.S.-led attack against Syria. On the New York Mercantile Exchange, WTI crude for October […]
Read moreSeptember 2, 2013 9:38 am
Natural gas rose by 3% to the highest since July 25 as weather forecasting models pointed at warmer-than-average temperatures across key consuming areas, thus boosting demand for the power plant fuel. On the New York Mercantile Exchange, natural gas for delivery in October rose to $3.652 per million British thermal units at 9:38 GMT, up […]
Read moreSeptember 2, 2013 8:58 am
Copper snapped four consecutive days of declines on Monday as Chinas manufacturing sector expanded at the fastest rate since April last year. A separate private survey by HSBC and Markit Economic signaled expansion following Julys 11-month low. Euro zone data also pushed prices up. On the Comex division of thew New York Mercantile Exchange, copper […]
Read moreSeptember 2, 2013 8:16 am
Gold fell for a fourth day on Monday on easing concern over an imminent U.S.-led attack against Syria as President Barack Obama announced he will require Congresss approval for initiating military action. Last weeks U.S. data spurred speculation that the Federal Reserve might pare its monetary easing program in as early as September. Silver rebounded […]
Read moreSeptember 2, 2013 7:23 am
Both WTI and Brent benchmarks extended losses on Monday as Barack Obama announced that he will seek Congresss approval for an attack against the Syrian regime led by Bashar al-Assad, which allegedly used chemical weaponry against civilians in the suburbs of Damascus. Losses remained in check on positive China data and further decline in Libyan […]
Read moreAugust 30, 2013 2:48 pm
Gold continued to trade lower on the day following a batch of mixed data from the U.S., which added to the uncertainty over a possible tapering of Feds monetary easing program in September. Silver, platinum and palladium remained on negative territory. On the Comex division of the New York Mercantile Exchange, gold futures for December […]
Read moreAugust 30, 2013 12:08 pm
Grain futures edged lower on Friday as forecasts for rainfall in some growing areas is expected to relieve the stress U.S. crops. Soybeans and corn fell more than 1%, while wheat remained fairly unchanged. On the Chicago Board of Trade, corn futures for delivery in December plunged by 1.00% to a days low of $4.7638 […]
Read moreAugust 30, 2013 9:46 am
Natural gas rose for a fifth day to a five-week high on speculation that above-normal temperatures into mid-September will boost demand for the power plant fuel. On the New York Mercantile Exchange, natural gas for October delivery traded at $3.630 per million British thermal units at 9:30 GMT, up 0.32% on the day. Futures rose […]
Read moreAugust 30, 2013 9:12 am
Copper is headed for its best month since September amid positive global economic recovery prospects from the U.S. to Europe and Japan. Easing concern over a U.S.-led attack against the Syrian regime stoked back demand for riskier assets after market players sought safe haven security in currencies and gold during the escalation of the conflict. […]
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