August 22, 2013 7:13 am
Oil edged lower on Thursday following FOMCs July meeting protocols which revealed support among Fed members for tapering the central banks Quantitative Easing program through the end of the year. Also weighing on prices, supply concern which was spurred by protests in Libya closing export terminals began to wane. Prices were supported however as activity […]
Read moreAugust 21, 2013 3:05 pm
Oil continued to trade lower on Wednesday despite a bullish EIA crude oil inventories report as market players continued to focus FOMCs July meeting protocols. Crude inventories fell and gasoline stockpiles decreased above expectations, while distillate fuel reserves gained. On the New York Mercantile Exchange, WTI crude for October delivery traded at $104.61 per barrel […]
Read moreAugust 21, 2013 2:36 pm
Natural gas rose on Wednesday as updated weather forecasts pointed at a blast of heat across the Midwest, thus boosting demand for the power plant fuel. On the New York Mercantile Exchange, natural gas for delivery in September rose to $3.470 per million British thermal units at 14:35 GMT, up 0.74% on the day. Prices […]
Read moreAugust 21, 2013 2:17 pm
Gold retained its losses on Wednesday as upbeat U.S. construction data strengthened the U.S. dollar, laying pressure on dollar-priced commodities. Market players continued to focus at the minutes of FOMCs July meeting, looking for signs that would indicate the Federal Reserve might start tapering its Quantitative Easing program in as early as September. On the […]
Read moreAugust 21, 2013 11:41 am
Grain futures edged higher on Wednesday as corn and soybeans yields were threatened by dry weather but gains are expected to remain limited on high output outlook. On the Chicago Board of Trade, corn futures for delivery in September traded at $4.8675 a bushel at 11:39 GMT, up 0.69% on the day. Prices held in […]
Read moreAugust 21, 2013 8:37 am
Copper fell for a third straight day amid speculations FOMCs July meeting minutes may indicate an earlier-than-expected stimulus tapering may begin in September. Market players also eyed upcoming trade and manufacturing data from world top consumer China. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery fell to $3.312 […]
Read moreAugust 21, 2013 8:04 am
Gold fluctuated on Wednesday and traded mostly lower ahead of the release of FOMCs July meeting minutes, which analysts speculate might indicate deceleration of Feds monetary easing program could start in September. Silver, platinum and palladium also declined. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at […]
Read moreAugust 21, 2013 6:49 am
West Texas Intermediate fell for a third straight day on Wednesday as investors remained cautious ahead of the release of FOMCs July meeting minutes later today. Market players also awaited EIAs weekly crude oil inventories report at 14:30 GMT, which is expected to show inventories have fallen last week. Persisting geopolitical risks in Egypt and […]
Read moreAugust 20, 2013 2:54 pm
Natural gas futures extended gains on Tuesday as weather forecasters continued to predict above-average temperatures in key U.S. consuming areas, thus boosting the power plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for September delivery traded at $3.490 at 14:53 GMT, marking a 0.77% daily advance. Prices held in range between […]
Read moreAugust 20, 2013 1:55 pm
Gold erased earlier daily losses and rose to positive territory as a broadly weaker greenback allowed dollar-denominated commodities to extend positions. Platinum also reversed movement, while silver and palladium trimmed prior losses. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 370.00 per troy ounce at […]
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