May 13, 2014 9:57 am
Natural gas futures recovered earlier losses to trade even during morning trade in Europe. Reports of storms and cold in some regions pared warming in others. The West Coast will be significantly hotter, reaching all-time high figures in the next few days. The overall warming over the last week makes possible greater gains in inventories, […]
Read moreMay 13, 2014 8:39 am
Gold futures traded lower during early hours in Europe today, keeping to the recent downtrend, induced by the recovering US economy. Later today a report on retail sales, a major indicator, is expected to reveal further growth in the US. Ukraine is also on the traders horizon, after the independence referendum on Sunday added to […]
Read moreMay 13, 2014 7:36 am
Crude oil futures kept around the previous close during early trading in Europe today. Unofficial data on oil inventories in top-consumer US is expected today, ahead of the government report tomorrow. China reported sluggish growth in retail sales and industrial production, pressuring contracts. Ukraine is still in focus, as rebels request to join the constitution […]
Read moreMay 12, 2014 2:05 pm
Precious metals gained as safe-haven demand grew with the rebels in Ukraine declaring the people in Donetsk and Luhansk voted in favor of secession. Moscow commented that it expects the will of the people to be implemented by authorities, while the West condemned the vote. Meanwhile, copper saw sizable support by speculation of easing investment […]
Read moreMay 12, 2014 1:37 pm
Crude oil futures gained today, as the crisis in Ukraine added to risk premium. Separatists declared victory in the independence referendum and plan to hold a vote on joining the Russian Federation in a weeks time. Meanwhile, natural gas futures traded lower, as growing supplies in top consumer US pressure the blue fuel. West Texas […]
Read moreMay 12, 2014 12:26 pm
Copper futures gained today, as speculation of easier investment climate in top-consumer China raised positive outlooks for the economy. Tomorrow the government report for industrial production in April will be released, a major force on copper markets. On the COMEX division of the New York Mercantile Exchange, copper futures for settlement in July added 2.03% […]
Read moreMay 12, 2014 9:50 am
Natural gas futures traded lower in New York during early hours in Europe today, after backing off from near a 2-month high last week. Improving supplies in top-consumer US push down on the contract, after the cold winter diminished blue fuel stockpiles and lifted its price. Weather reports project unseasonal weather over the US, with […]
Read moreMay 12, 2014 7:54 am
Gold futures made slight gains during early trading in Europe today, after the self-rule referendum in Eastern Ukraine resulted in an overwhelming victory for separatists, stocking safe-have demand. Moscows reaction is still to come, and the EU has already drafted a list of 15 new individuals and companies to be sanctioned. The US economy will […]
Read moreMay 12, 2014 7:05 am
Brent futures in London added during early trading in Europe today, after a “successful” secession vote in Donetsk and Luhansk regions in Eastern Ukraine on Sunday pumped-up the risk premium. West Texas Intermediate in New York was steady after closing higher for the week on Friday. China, the US and EU are reporting important economic […]
Read moreMay 11, 2014 7:50 am
Both West Texas Intermediate and Brent traded within boundary range this week. Rising tensions in Eastern Europe kept a floor under prices, while a decline in US oil inventories pressured contracts. Significant industrial and economic data due next week. West Texas Intermediate futures for delivery in June closed for $99.99 per barrel on Friday in […]
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