July 30, 2013 2:17 pm
West Texas Intermediate fell to its lowest level in three weeks on speculation for faltering demand in the worlds top consumer. The Commerce Department will release a report at 12:30 GMT tomorrow that is likely to show the U.S. economy expanded with a much slower pace in the second quarter, compared to the preceding three […]
Read moreJuly 30, 2013 1:49 pm
Natural gas continued its fall on Tuesday as weather forecasts kept pointing at cooler weather across key U.S. consuming areas, limiting demand for the fuel which is used for electricity generation. On the New York Mercantile Exchange, natural gas for September delivery traded at $3.468 per million British thermal unit, down 0.13% on the day. […]
Read moreJuly 30, 2013 1:00 pm
Soft futures were mixed on Monday with cotton and cocoa advancing, while coffee fell and sugar eased off a four-week high. On the ICE Futures U.S. Exchange, raw sugar for October delivery traded at $0.1691 a pound at 12:56 GMT, down 0.24% on the day. Futures held in range between days low at $0.1688 and […]
Read moreJuly 30, 2013 11:30 am
Gold fell on Tuesday amid stronger dollar. Market players remained cautious ahead of the outcome of Feds two-day meeting, which should provide further information of when the central banks monetary easing program will be tapered. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 324.15 per […]
Read moreJuly 30, 2013 9:30 am
Copper fell on Tuesday as China reported most of its provinces economic growth during the first half of the year underperformed expectations, spurring concern over faltering demand for the metal in the worlds top consumer. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.087 a pound […]
Read moreJuly 30, 2013 8:24 am
Grain futures advanced on Tuesday with corn rebounding from Tuesdays 34-month low as some investors covered short positions. Meanwhile, wheat gained as Japan lifted the suspension on Oregon wheat imports as a system was introduced that will detect the unapproved strain before the cargo is shipped from the U.S. On the Chicago Board of trade, […]
Read moreJuly 30, 2013 7:07 am
WTI fell for a third day prior to a government report on Wednesday that may show the U.S. economys growth has stalled in the second quarter, hurting demand prospects in the worlds top consumer. Market players remained cautions ahead of the outcome of FOMCs two day meeting that ends tomorrow and Chinas official PMI on […]
Read moreJuly 29, 2013 3:00 pm
West Texas Intermediate returned to the red side of the scale amid weak U.S. housing data. Pending Home Sales eased off a 6-year high in June, spurring concern over the U.S. economic recovery. Earlier in the day, oil erased prior losses and traded on the upside as concern over supply from the Middle East pushed […]
Read moreJuly 29, 2013 2:15 pm
Natural gas fell more than 3% on Monday and touched its lowest level since February as weather forecasters predicted below-normal temperatures across key consuming areas. On the New York Mercantile Exchange, natural gas for September delivery marked a new days low at $3.429 per million British thermal units at 14:11 GMT, down 3.77% on the […]
Read moreJuly 29, 2013 1:23 pm
The Organization of Petroleum Exporting Countries said in its Annual Statistical Bulletin today that Saudi Arabias revenue from exports of crude oil and other petroleum products rose by 5.3% in 2012 to $336.1 billion, up from the preceding years $319.1 billion. However, income from outbound shipments surged at a much slower pace than 2011 it […]
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