November 14, 2013 8:22 am
West Texas Intermediate was mostly unchanged in early European trading hours, hovering near the lowest since the end of May as a private report showed U.S. crude oil stockpiles rose last week to the highest since June, an eight consecutive weekly gain. The American benchmark however drew support after Fed Vice Chairwoman and President Barack […]
Read moreNovember 13, 2013 2:57 pm
Brent rose more than 1% on Wednesday as ongoing protests in Libya continued to fuel concern over supplies from Africas biggest crude reserves holder, offsetting recently arisen speculations for an earlier-than-expected Fed tapering. Expectations the American Petroleum Institute and the EIA will report U.S. crude reserve rose for an eight consecutive week last week to […]
Read moreNovember 13, 2013 12:24 pm
Natural gas rose for a seventh consecutive day on Wednesday, the longest stretch of gains since January 2011, as weather forecasting models continued to point to below-average temperatures in densely-populated U.S. consuming areas, boosting the power-station fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in December traded at $3.644 per […]
Read moreNovember 13, 2013 10:43 am
Grain futures were little changed on Wednesday. Soybeans were pressured on signs for abundant global supplies, while wheat traded near two-month low levels after the USDA reported planting of the U.S. crop accelerated last week and surpassed the five-year average pace. On the Chicago Board of Trade, wheat futures for settlement in December traded at […]
Read moreNovember 13, 2013 9:43 am
Copper fell for a third day to the lowest since August on speculations the Federal Reserve might scale back its monthly bond purchases earlier than expected. Comments by a senior Fed official saying he wouldnt rule out a tapering decision at FOMCs December meeting and Chinese refined-copper output hitting a monthly record further weighed on […]
Read moreNovember 13, 2013 9:04 am
Gold fell to the lowest in a month on speculations the Federal Reserve might commence scaling back its monthly bond purchases earlier than previously expected. Statement by Federal Reserve Bank of Atlanta President Dennis Lockhart saying he wouldn’t rule out a so-called tapering of Fed’s quantitative easing program at FOMC’s December 17-18 policy meeting further […]
Read moreNovember 13, 2013 8:28 am
West Texas Intermediate hovered near the lowest since the end of May on expectations both a private and a government report will show U.S. crude inventories rose for an eight consecutive week last week to the highest since June. Comments by a senior Fed official that he cant rule out tapering of Feds quantitative easing […]
Read moreNovember 12, 2013 3:49 pm
Natural gas rose for a sixth consecutive day, the longest stretch of gains in more than a year, as weather forecasting models continued to predict colder-than-average weather in key U.S. consuming areas, boosting the energy sources demand prospects. On the New York Mercantile Exchange, natural gas futures for settlement in December rose by 1.69% to […]
Read moreNovember 12, 2013 3:29 pm
Oil prices fluctuated on Monday with Brent rising while WTI fell and its discount to the European benchmark widened to nearly $12. Ongoing protests in Libya and the lack of a breakthrough in the latest round of talks between Iran and six world powers supported the market and mainly Brent. Expectations for an eight consecutive […]
Read moreNovember 12, 2013 11:49 am
Grain futures rose on Tuesday before the release of USDAs weekly crop progress report. Mixed weather conditions throughout the worlds major growing areas and a smaller-than expected upward inventories revision supported prices but expectations the U.S. harvest neared completion after last weeks favorable conditions limited gains. On the Chicago Board of Trade, soybeans futures for […]
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