February 21, 2014 1:08 pm
Natural gas was close to cap its biggest weekly gain since October 2010, after yesterday futures advanced to a five-year high as the dangerously cold weather in the US depleted stockpiles at a furious pace, sending them to a 10-year seasonal low, EIA data showed yesterday. On the New York Mercantile Exchange (NYMEX), natural gas […]
Read moreFebruary 21, 2014 9:03 am
Gold advanced on Friday and was poised for a third weekly gain, as few downbeat US reports added to signs of uneven US economic recovery. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged on Thursday, after shrinking by the most in two months. On the Comex division of the New York […]
Read moreFebruary 21, 2014 8:23 am
West Texas Intermediate crude was little changed on Friday and headed for a sixth weekly advance as cold weather in the US boosted heating demand and a new pipeline further drained inventories at Cushing, Oklahoma. The oil market, especially the Brent benchmark, remained supported above the $110 mark by escalating protests in Venezuela and impaired […]
Read moreFebruary 20, 2014 3:07 pm
Grain futures were mixed on Thursday, corn traded close to the strongest level in almost five months on signs demand for US supplies has increased. Meanwhile, wheat touched a two-month high, while soybeans traded little changed. On the Chicago Board of Trade, corn futures for March delivery traded little changed at $4.5313 a bushel by […]
Read moreFebruary 20, 2014 1:24 pm
Natural gas swung between gains and losses after hitting a more than 5-year high as the extremely cold weather in the US boosted massive demand for the heating fuel, at a time when stockpiles are already at a 10-year seasonal low. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared […]
Read moreFebruary 20, 2014 8:34 am
West Texas Intermediate crude eased off four-month high levels after a preliminary private report showed manufacturing activity in China fell to the lowest in seven months, suggesting crude demand from the worlds second biggest consumer might soften. However, cold weather across the US draining the nations distillate fuel supplies and an expected third consecutive weekly […]
Read moreFebruary 20, 2014 8:13 am
Gold declined for a third day on expectations the Federal Reserve Bank will keep cutting stimulus at each policy meeting, before exiting the program at the end of the year and as assets in the SPDR Gold Trust, the biggest bullion-backed ETF, shrank by the most in two months. On the Comex division of the […]
Read moreFebruary 19, 2014 3:59 pm
Grain futures were mixed on Wednesday, corn touched the strongest level in almost five months on signs demand for US supplies has increased. Meanwhile, wheat also gained, while soybeans edged lower. On the Chicago Board of Trade, corn futures for March delivery added 0.32% to trade at $4.5063 a bushel by 15:55 GMT. Futures hit […]
Read moreFebruary 19, 2014 10:36 am
Natural gas soared to the strongest level in more than four years, following a speculation for a larger than the 5-year average drop in US gas stockpiles, after the strong winter storm that tracked across the Northern US yesterday, boosted demand for the power station fuel, at a time when stockpiles are already at a […]
Read moreFebruary 19, 2014 8:24 am
West Texas Intermediate crude held above the $102 mark after surging to the highest in four months on speculations supplies at Cushing, Oklahoma, fell for a third straight week and as frigid weather in the US probably drained the nations distillate fuel inventories for a sixth week. Ongoing turmoil in Libya, renewed tension in South […]
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