November 20, 2013 10:24 am
Copper fluctuated on Wednesday but traded mostly higher after comments by Federal Reserve Chairman Ben Bernanke on Tuesday implied the central bank will maintain its stimulus in the near-term, boosting raw materials demand prospects. Gains however remained in check on expectations the National Association of Realtors may report U.S. existing home sales fell in October, […]
Read moreNovember 20, 2013 9:37 am
Gold was steady near a one-week low as investors awaited the release of FOMCs October meeting protocols and weighed Fed Chief Ben Bernankes dovish comments on Tuesday against expectations that consumer inflation slowed in October. Silver was mostly unchanged, while platinum and palladium marked moderate losses. On the Comex division of the New York Mercantile […]
Read moreNovember 20, 2013 8:35 am
West Texas Intermediate rose for a second day on Wednesday and Brent held steady above the $107 mark following comments by Federal Reserve Chairman Ben Bernanke indicating stimulus tapering was unlikely to occur in the short-term, boosting oils demand prospects. The market also drew support after the American Petroleum Institute reported a smaller-than-expected rise in […]
Read moreNovember 19, 2013 3:58 pm
West Texas Intermediate crude remained near the lowest level since the beginning of June after the Organization for Economic Cooperation and Development trimmed its global economic growth forecast for this year and the next, limiting world demand outlook. Market players also awaited the release of a private U.S. inventories report by the American Petroleum Institute […]
Read moreNovember 19, 2013 2:26 pm
Natural gas futures rebounded after falling on Monday as weather forecasting models called for below-average temperatures in most of the U.S. through the end of November and into December, stocking demand for the power-station fuel. Expectations for a decline in U.S. inventories in the week ended November 15 also gave prices a lift. On the […]
Read moreNovember 19, 2013 11:39 am
Grain futures were mixed on Tuesday with corn and wheat advancing, while soybeans declined. Corn fell to a 38-month low as the U.S. harvest accelerated and surpassed the five-year average pace, while wheat rallied after the USDA reported a deterioration in U.S. crop conditions. On the Chicago Board of Trade, corn futures for settlement in […]
Read moreNovember 19, 2013 10:45 am
Copper traded mostly lower on Tuesday after hitting a 3-1/2-month low following mixed comments by Fed officials implying a brightening outlook for the U.S. economy, which fueled speculations for an earlier-than projected stimulus tapering. Worse-than-expected economic sentiment in the Euro zone and the leading EU nation dampened demand prospects and pressured the euro, allowing the […]
Read moreNovember 19, 2013 9:36 am
Gold swung between gains and losses on Tuesday as investors weighed mixed comments by Fed officials following Janet Yellens dovish statement last week and reduced demand as an alternative investment after yesterdays stock rally. Silver fell to the lowest since August, while platinum and palladium retreated to one-month lows. On the Comex division of the […]
Read moreNovember 19, 2013 8:38 am
Both West Texas Intermediate and Brent benchmarks fell in early European trading on Tuesday as investors weighed comments by Fed officials implying an earlier-than-projected stimulus tapering against expectations that U.S. crude inventories snapped eight straight weeks of gains last week and fell by 1 million barrels. However, market sentiment continued to be dominated by Janet […]
Read moreNovember 18, 2013 3:15 pm
Grain futures were mixed on Monday with wheat and soybeans marking an advance, while corn hovered near three-year low levels following a U.S. proposition for a cut in refineries renewable fuel quota, limiting demand prospects for grains used for the production of biofuels. On the Chicago Board of Trade, corn futures for settlement in December […]
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