November 21, 2013 4:25 pm
Natural gas surged to the highest since the end of October after the Energy Information Administration reported a larger-than-expected withdrawal in U.S. inventories in the week ended November 15. Outlook for colder-than-usual weather through the beginning of December also weighed on prices. On the New York Mercantile Exchange, natural gas futures for settlement in December […]
Read moreNovember 21, 2013 1:51 pm
Grain futures advanced on Thursday on unfavorable weather outlook for most of the major U.S. growing areas. Soybeans also drew support on expectations for increased demand for U.S. supplies prior to USDAs sales report, due to be released later today. On the Chicago Board of Trade, soybeans futures for settlement in January rose by 0.78% […]
Read moreNovember 21, 2013 12:54 pm
Natural gas rose for a second day and traded near three-week high levels on forecasts for below-average temperatures in most of the eastern U.S. during the next five to seven days, boosting the power-station fuels demand prospects as Americans turn up the heating. On the New York Mercantile Exchange, natural gas futures for settlement in […]
Read moreNovember 21, 2013 11:04 am
Copper swung between gains and losses on Thursday after minutes from FOMCs October meeting revealed policy makers might scale back Fed’s monthly bond purchases in the coming months, reducing the industrial metals demand outlook. A fourth consecutive monthly expansion of Chinas manufacturing sector and factory output in the Euro zone hitting a 29-month high however […]
Read moreNovember 21, 2013 10:09 am
Gold fell for a second day on Thursday and remained near yesterdays 4-1/2-month low as the U.S. dollar advanced after FOMCs October meeting protocols revealed policy makers might scale back Feds monthly bond purchases in the coming months if the deceleration was warranted by sustainable economic growth. Silver fell, while platinum and palladium posted minor […]
Read moreNovember 21, 2013 8:15 am
West Texas Intermediate crude fell for a second day on Thursday after protocols from FOMCs October meeting revealed policy makers felt comfortable to scale back Feds monthly bond purchases in the next few months, if it was warranted by sustainable growth and the economic recovery proved resilient. Better-than-expected inventories data and retail sales released on […]
Read moreNovember 20, 2013 4:10 pm
WTI crude rose back to positive daily territory after the Energy Information Administration reported a smaller-than-projected increase in U.S. crude inventories last week, while distillate fuel stockpiles fell by nearly 5 million barrels. Gains were however limited on speculations Iran and world major powers may reach an accord on the Islamic republics disputed nuclear program […]
Read moreNovember 20, 2013 2:47 pm
Gold fell to the lowest since the beginning of July after the Commerce Department reported that U.S. retail sales jumped in October and exceeded analysts expectations, indicating the 16-day federal government shutdown had little effect on the U.S. economic recovery. A report by the Labor Department showing consumer and core consumer inflation overall met projections […]
Read moreNovember 20, 2013 1:22 pm
Natural gas rose on Wednesday after falling for two days as weather forecasting models continued to predict below-average temperatures in the next seven days, stoking demand for the power-station fuel as Americans crank up the heating. However, expectations for readings to moderate afterwards limited gains. On the New York Mercantile Exchange, natural gas for delivery […]
Read moreNovember 20, 2013 11:22 am
Grain futures were mixed on Wednesday with corn falling but remaining above Tuesdays 38-month low, while wheat rose to a one-week high on signs of strong global demand. On the Chicago Board of Trade, wheat futures for settlement in December traded at $6.4988 per bushel at 11:14 GMT, down 0.17% on the day. Prices shifted […]
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