November 18, 2013 1:51 pm
Natural gas rose for a third day to a three-week high on Monday as weather forecasting models predicted current above-normal temperatures in the U.S. to give way to colder-than-usual weather, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.694 per million British […]
Read moreNovember 18, 2013 1:06 pm
Copper extended last weeks losses into Monday after data from the U.S. Commodity Futures Trading Commission showed hedge funds and other large speculators turned bearish for the first time in two months, lured by stock markets. The lack of immediate measures in Chinas reform package to boost commodities, coupled with forecasts for a higher than […]
Read moreNovember 18, 2013 10:34 am
Gold fell on Monday as data by the U.S. Commodity Futures Trading Commission showed hedge funds doubled their short holdings last week just before Fed Vice Chairwoman Janet Yellen pledged to maintain the central banks current bond purchasing pace if appointed as Bernankes successor. Prices however remained supported and near the $1 300 level as […]
Read moreNovember 18, 2013 8:51 am
Both West Texas Intermediate and Brent benchmarks fell on Monday on speculations Iranian diplomats and their counterparts from six world powers may reach an agreement over the nations disputed nuclear program this week in Geneva. Data showing Saudi Arabia, OPECs biggest producer, exported the most oil in eight years in September also weighed on prices. […]
Read moreNovember 17, 2013 11:34 am
Gold rose for a third day on Friday and capped two weeks of declines as a string of downbeat U.S. data backed Fed Vice Chairwoman Janet Yellens intentions to maintain the current pace of Feds monthly bond purchases, curbing speculations for an earlier-than-expected stimulus tapering. A weaker U.S. dollar allowed commodities denominated in the greenback […]
Read moreNovember 16, 2013 12:17 pm
West Texas Intermediate crude settled lower on Friday and capped a sixth consecutive weekly decline, the longest losing streak since 1998, as U.S. inventories rose for an eight straight week after output surged to the highest since January 1989. Speculations the Federal Reserve will refrain from paring its monthly bond purchases for some time following […]
Read moreNovember 15, 2013 2:32 pm
Gold rose back to positive daily territory and pared its weekly decline after data showed manufacturing activity in the New York region fell to the lowest since January, while import prices declined more than analysts projected. Industrial production contracted by the most since April. The downbeat data backed comments by Fed Vice Chairwoman Janet Yellen […]
Read moreNovember 15, 2013 1:10 pm
Natural gas swung between gains and losses on Friday on expectations for moderating temperatures in the short-term, followed by the return of colder-than-usual weather in key U.S. consuming areas early next week, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in December traded at $3.603 per million […]
Read moreNovember 15, 2013 12:29 pm
Copper futures fell on Friday after another batch of downbeat economic data from the Euro zone dimmed the metals demand prospects in the single currency bloc. Losses were however limited following Fed Vice Chairwoman Janet Yellen’s comments for maintaining the central banks current pace of monthly bond purchases. On the Comex division of the New […]
Read moreNovember 15, 2013 11:04 am
Grain futures were mixed on Friday with corn and wheat marking moderate advances, while soybeans fell on outlook for favorable weather across South Americas major growing areas. Wheat drew support on signs of increased demand for U.S. supplies. On the Chicago Board of Trade, soybeans futures for settlement in January traded at $13.1063 per bushel […]
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