March 17, 2014 7:58 am
Both West Texas Intermediate and Brent benchmarks traded slightly on the downside in early European trading after edging higher during the Asian session. Prices remained supported amid rising geopolitical tension between Russia and the West after Sundays referendum in Crimea reflected the peoples decision to separate from Ukraine. Supply outages in Libya also underpinned the […]
Read moreMarch 16, 2014 10:12 am
Both West Texas Intermediate and Brent crude benchmarks rose on Friday, supported by an upward revised global demand growth forecast by the International Energy Agency and amid heightened tension ahead of Crimeas referendum on Sunday. Prices however settled the week lower, pressured by rising stockpiles and domestic output in the US hitting a new multi-decade […]
Read moreMarch 15, 2014 8:22 am
Gold futures touched the strongest level in more than six months on Friday and capped a sixth weekly advance, the longest winning run since August 2011, as escalating tension in Ukraine, ahead of a referendum in Crimea on splitting to join Russia, and concern China’s growth is slowing momentum, boosted demand for bullion as a […]
Read moreMarch 14, 2014 2:44 pm
Grain futures were mixed on Friday, soybeans headed for the biggest weekly decline in more than seven months amid signs of slowing demand from China, the worlds largest importer. Meanwhile, corn advanced, while wheat erased earlier losses to hover near the strongest level in more than four months. On the Chicago Board of Trade, soybeans […]
Read moreMarch 14, 2014 12:33 pm
Natural gas futures declined to the weakest level in more than seven weeks, after a government report showed yesterday that US gas stockpiles fell less than projected last week and as weather forecasting models called for a springlike weather across many densely populated US areas, curbing demand for the power-station fuel. On the New York […]
Read moreMarch 14, 2014 8:08 am
West Texas Intermediate crude fell for a fourth day in five on Friday and is headed to its poorest weekly performance since January after an eight consecutive jump in US crude inventories, while domestic output surged to the highest in more than 25 years and the Energy Department announced a Strategic Petroleum Reserve release. Upbeat […]
Read moreMarch 14, 2014 7:51 am
Gold futures touched the strongest level in more than six months and headed for a sixth weekly advance, the longest winning run since August 2011, as rising tension in Ukraine, ahead of a referendum in Crimea on splitting to join Russia, and concern Chinas growth is slowing momentum, boosted demand for bullion as a store […]
Read moreMarch 13, 2014 2:58 pm
Natural gas futures declined to the weakest level in more than seven weeks, after a government report showed today that US gas stockpiles fell less than projected last week and as weather forecasting models called for a warm-up across many densely populated US areas, curbing demand for the power-station fuel. On the New York Mercantile […]
Read moreMarch 13, 2014 12:43 pm
Grain futures advanced on Thursday, wheat jumped to the strongest level in 4-1/2 months on speculation that escalating tension in Ukraine may disrupt the countrys exports and buyers may shift purchases to other countries, including the US. On the Chicago Board of Trade, wheat futures for settlement in May rose by 0.51% to trade at […]
Read moreMarch 13, 2014 8:17 am
West Texas Intermediate crude hovered near the lowest level since the beginning of February after weaker-than-expected data from China added to recently built up concerns over an economic slowdown in the worlds second-biggest oil consumer. The oil market remained under pressure after government data showed US crude supplies rose three times more than expected, while […]
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