February 25, 2014 10:08 am
Natural gas rebounded from yesterdays two-week low as the freezing cold weather in the US continued to support high natural gas and heating demand and to deplete gas stockpiles, at a time when they are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April rose […]
Read moreFebruary 25, 2014 8:41 am
West Texas Intermediate crude fell for a third day in four ahead of a government report which may show US crude inventories rose for a sixth week, while supplies of refined petroleum products decreased. However, forecasts for another wave of cold weather across the US Midwest and the Great Plains provided some support. Supply disruptions […]
Read moreFebruary 25, 2014 7:51 am
Gold traded below a 4-month high as some market players reckoned the rally overdone amid expectations the Federal Reserve will continue tapering in measured steps throughout 2014, before exiting the program at the end of the year. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, rose yesterday for a second day, the longest […]
Read moreFebruary 24, 2014 3:42 pm
Grain futures were mixed on Monday, corn eased off from the strongest level in almost five months after a government report showed production in the US, the worlds biggest exporter of the grain, may surge to a record high this year. Meanwhile, soybeans and wheat advanced. On the Chicago Board of Trade, corn futures for […]
Read moreFebruary 24, 2014 1:46 pm
Natural gas advanced on Monday as the freezing cold weather in the US continued to support high natural gas and heating demand and to deplete gas stockpiles, at a time when they are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in April rose by 1.64% […]
Read moreFebruary 24, 2014 8:10 am
West Texas Intermediate crude recovered from Fridays one-week low on forecasts for cold weather to return to the US Midwest and Northeast this week, just after temperatures had recently moderated. Escalating tension in OPEC member Venezuela, a further reduction in Libyas output and civil unrest in South Sudan also lent support to the oil complex. […]
Read moreFebruary 24, 2014 7:57 am
Gold traded close to the strongest level in almost four months, after downbeat US data added to concerns that the economy has lost momentum in 2014 due to the inclement weather, boosting demand for the yellow metal as a safe-haven. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were increased for the first […]
Read moreFebruary 23, 2014 8:32 am
West Texas Intermediate crude rose for a sixth straight week but fell on Friday, along with its European counterpart, as the cold US weather, which up to recently had supported the market, moderated and as weak housing data from the worlds top consumer raised additional concerns over demand prospects. Overall mixed inventories data released by […]
Read moreFebruary 22, 2014 8:24 am
Gold advanced on Friday for the first time in three days after a drop in US home sales reinforced concerns that the economy is weaker than expected, boosting demand for the yellow metal as a haven asset. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, are heading for the first monthly inflow since […]
Read moreFebruary 21, 2014 1:50 pm
Grain futures declined on Friday, soybeans lost ground after the US Department of Agriculture announced its forecasts that US farmers will plant a record amount of the oilseed in the 2014-15 season, which begins in April-May. On the Chicago Board of Trade, soybeans futures for settlement in March lost 0.13% to trade at $13.5588 per […]
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