November 6, 2013 4:10 pm
West Texas Intermediate crude rose to session high during early U.S. trading on Wednesday after the Energy Information Administration reported that U.S. motor gasoline and distillate fuel inventories dropped much more than analysts expected, indicating robust demand for oil products in the worlds top consumer. Crude inventories rose less than anticipated. A broadly weaker dollar […]
Read moreNovember 6, 2013 12:49 pm
Natural gas rose for a second day as weather forecasting models predicted below-average temperatures through the end of the week in key U.S. consuming areas, boosting demand prospects. Expectations for moderating temperatures in the following ten days however limited gains. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at […]
Read moreNovember 6, 2013 10:53 am
Grain futures were steady on Wednesday with corn and soybeans slightly advancing, while wheat marked a moderate gain. On the Chicago Board of Trade, corn futures for settlement in December rose to a session high of $4.2488 per bushel at 10:27 GMT, up 0.11% on the day. Days low was touched at $4.2438, near yesterdays […]
Read moreNovember 6, 2013 9:56 am
Copper snapped four days of declines on Wednesday after upbeat service sector data from Europes leading nations strengthened the euro and pressured the U.S. dollar, adding to Mondays overall positive manufacturing PMI readings. Market players remained cautious ahead of ECBs policy meeting on Thursday and the release of key U.S. economic data, which will provide […]
Read moreNovember 6, 2013 9:19 am
Gold rebounded from Tuesdays three-week low as the U.S. dollar lost positions against the euro following upbeat Euro zone service sector data. Market players however refrained from taking big positions ahead of ECBs policy meeting on Thursday and prior to the release of key U.S. economic data. Silver, platinum and palladium also rose.. On the […]
Read moreNovember 6, 2013 8:12 am
West Texas Intermediate crude rebounded from yesterdays five-month low after the American Petroleum Institute reported a much larger than expected drop in U.S. motor gasoline and distillate fuel supplies, despite a seventh consecutive weekly gain in crude inventories. Market players await the release of government statistics by the EIA later today, which are expected to […]
Read moreNovember 5, 2013 3:55 pm
Gold fell to the lowest since October 17 after the Institute for Supply Management reported that the U.S. service sector growth quickened in October from a month earlier, confounding analysts expectations for a slower expansion. The report added to a recent string of upbeat data from the U.S., which fueled speculations the Federal Reserve might […]
Read moreNovember 5, 2013 1:40 pm
Grain futures were steady during the European trading session on Tuesday with corn rebounding from a three-year low, while soybeans rose on increasing demand for U.S. exports. Wheat fell to the lowest in six weeks amid favorable weather conditions in the U.S. and as the USDA reported planting accelerated last week and surpassed the five-year […]
Read moreNovember 5, 2013 10:46 am
Natural gas futures fell to the lowest since August as weather forecasting models continued to predict above-average temperatures in eastern U.S. through the middle of November, limiting the power-station fuels demand prospects. On the New York Mercantile Exchange, natural gas futures for settlement in December fell by 1.06% to $3.409 per million British thermal units […]
Read moreNovember 5, 2013 10:17 am
Copper rose for the first time in four days after upbeat economic data from China and Europe fueled hopes for robust demand for the industrial metal. The metal also drew support after three Fed officials who vote on policy this year indicated the central bank will most likely refrain from scaling back its bond purchases […]
Read more