May 10, 2014 11:22 am
Natural gas futures fell for a third day on Friday and settled the week lower as a larger-than-expected build in US natural gas storage suggested softening demand, while weather forecasts predicted no significant temperature drops through the end of May, apart from several unimpressive cold blasts. On the New York Mercantile Exchange, natural gas futures […]
Read moreMay 10, 2014 10:09 am
Gold remained pressured by the recovering US economy this week, with reports on employment, activities in the services sector and labor costs boosting both the dollar and equities apettite. Ukraine kept a check on losses, however, with inconclusive battles between government forces and rebels. Furthermore, the pro-Russian regions of Donetsk and Luhansk will hold an […]
Read moreMay 9, 2014 1:12 pm
Crude oil advanced during trading in Europe today, as tensions in Eastern Europe pushed risk premiums. Additionally, a bullish report on US stockpiles earlier in the week boosted oil contracts. Meanwhile, natural gas futures traded even, after a sizable drop on growing supplies in the US yesterday. West Texas Intermediate futures for delivery in June […]
Read moreMay 9, 2014 12:22 pm
Precious metals added on Friday, as the risk-off mentality before the weekend gripped markets, lifting safe-haven demand. An independence referendum is taking place in eastern Ukraine on Sunday, and the increased possibility of a Russian intervention worried investors. Copper is on-level as traders weigh a growing dollar against demand in top-consumer China. Gold futures due […]
Read moreMay 9, 2014 9:49 am
Both West Texas Intermediate and Brent contracts made sizable gains during early trading in Europe today. Pro-Russian separatists will go ahead and hold the planned independence referendum this weekend, lifting the risk premium for oil. Elsewhere, a first decline in US inventories for the last three weeks boosted crude on Wednesday. West Texas Intermediate futures […]
Read moreMay 9, 2014 8:14 am
Natural gas contracts retained downward momentum after a significant drop on a bearish report from the US yesterday. Weather reports forecast a warming over most of the eastern states in the following days, while the West Coast will be experiencing another heatwave next week. Front month natural gas futures, due in June, lost 0.26% at […]
Read moreMay 9, 2014 7:23 am
Gold made slight gains during early trading in Europe today, as the crisis in Eastern Europe is in focus with a Victory Day military parade in Moscow. Meanwhile, pro-Russian separatists said they will press on with planned independence referendum, supporting safe-haven demand. Elsewhere, the economic recovery of the US continued to pressure the precious metal. […]
Read moreMay 8, 2014 1:56 pm
Gold contracts in New York traded even today, after yesterday signs of deescalation in Ukraine suppressed safe-haven demand. Data from the US continues to push down on the precious metals. Meanwhile, copper futures, also in New York, found support from foreign trade data from China. Gold futures due in June traded for $1 290.4 per […]
Read moreMay 8, 2014 12:02 pm
US crude traded near yesterdays close at midday in Europe, largely keeping gains on declining supplies in the US. Russian President Vladimir Putin demonstrated a softening tone over the crisis in Europe, pressuring oil prices, though his remarks were checked by the determination of the rebel insurrection in eastern Ukraine. Meanwhile, natural gas was also […]
Read moreMay 8, 2014 9:49 am
Natural gas futures traded even during early hours in Europe today, after a slide yesterday on expectations of significant gains for inventories in the US. Stockpiles in the States are a major factor in natgas prices, as the country consumes more than 21% of the worlds supply of blue fuel. Meanwhile, weather reports project a […]
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