December 4, 2013 8:28 am
West Texas Intermediate crude rose for a fourth consecutive day, the longest winning stretch since August, after TransCanada Corp. said that an extension of its Keystone XL pipeline will become operational on January 3, relieving a supply bottleneck at Cushing, Oklahoma. Prices were further supported by a much larger-than-expected decline in US crude inventories in […]
Read moreDecember 3, 2013 4:02 pm
Natural gas reached the highest level since June 5th on chilly weather outlook ahead of a government report that may show a larger-than-average withdrawal in US inventories last week. On the New York Mercantile Exchange, natural gas futures for settlement in January traded at $3.994 per million British thermal units at 15:54 GMT, up 0.14% […]
Read moreDecember 3, 2013 1:23 pm
Grain futures were mixed on Tuesday, with wheat advancing, while soybeans and wheat edged lower. The rainy weather outlook in South America further pressured prices. On the Chicago Board of Trade, soybeans futures for settlement in January traded at $13.1463 per bushel at 13:19 GMT, losing 0.5% on a daily basis. Prices swung between days […]
Read moreDecember 3, 2013 9:52 am
Gold extended losses on Tuesday, having hit the lowest level since July 8th on Monday on reinforced speculations the Federal Reserve may reduce its monetary stimulus earlier than expected as the US economy outlook brightened. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009 for a fourth […]
Read moreDecember 3, 2013 8:36 am
West Texas Intermediate crude rose for a third day on Tuesday amid expectations a government report tomorrow will show U.S. crude oil inventories fell last week, snapping ten straight weeks of gains. Further lifting sentiment, manufacturing activity in the worlds biggest economy rose by the most in 2-1/2 years, the Institute for Supply Management said […]
Read moreDecember 2, 2013 4:15 pm
Grain futures were mixed on Monday with soybeans reaching a 10-week high on increased demand for US supplies, while corn and wheat posted moderate losses. On the Chicago Board of Trade, soybeans futures for settlement in January traded at $13.2313 per bushel at 15:14 GMT. Prices jumped to a day’s high of $13.4588 per bushel, […]
Read moreDecember 2, 2013 1:26 pm
Natural gas traded overall steadily on Monday, having hit fresh 6-months highs on Friday as cold weather is expected across most of the densely-populated US areas, boosting demand for the power-station fuel for heating purposes. Last weeks EIA inventories report further supported the market as US gas inventories fell in line with expectations in the […]
Read moreDecember 2, 2013 10:24 am
Gold declined on Monday, extending the worst monthly performance since June on reinforced speculations the Federal Reserve will reduce its monetary stimulus earlier than expected as the US economy outlook brightened. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. A stronger dollar […]
Read moreDecember 2, 2013 8:32 am
West Texas Intermediate crude gained for a second day and Brent remained over the $110 mark after a government report showed on Sunday that Chinas factory growth remained at an 18-month high, while a private survey released on Monday posted the second-highest reading in eight months, curbing speculations for a slowdown in the worlds second […]
Read moreDecember 1, 2013 9:11 am
Chinas factory growth was unchanged at an 18-month high in November from a month earlier on firm domestic and foreign demand, signaling the Asian economys recovery is sustaining momentum while the government undertakes tough reforms. Chinas National Bureau of Statistics reported that the nations Purchasing Managers Index was unchanged at 51.4 in November from a […]
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