February 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 […]
Read moreFebruary 19, 2014 7:52 am
Gold extended a drop from the strongest level in 3-1/2 months amid speculations Federal Reserve minutes will reveal Fed officials backing further stimulus reductions. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged for a second day, after capping three 5-day periods of advances last week, the longest run since August. On […]
Read moreFebruary 18, 2014 3:36 pm
Grain futures advanced, corn rose to the strongest level since October, on speculation the dry weather in Brazil may harm crops. Meanwhile, soybeans increased to a 5-month high, while wheat touched the strongest level in more than a month. On the Chicago Board of Trade, corn futures for March delivery added 0.34% to trade at […]
Read moreFebruary 18, 2014 1:09 pm
Natural gas extended yesterday’s gains as a winter storm tracked across the northeastern part of the US, lowering temperatures to much-below-normal and boosting demand for the power station 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 18, 2014 8:23 am
West Texas Intermediate crude remained firm over the $100-mark buoyed by a weak dollar and as frigid weather across the US stoked heating demand. Signs of stabilizing economic activity in China, a further decline in Libyan crude output and optimism for the US economys recovery outlook also kept prices underpinned. Talks between Iran and six […]
Read moreFebruary 18, 2014 8:12 am
Gold traded little changed after touching 3-1/2-month high, as investors weighed the prospects for further Fed stimulus cuts against signs of decreasing physical demand amid the recent rally in prices. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were unchanged on Monday, after capping three weeks of advances, the longest run since August. […]
Read moreFebruary 17, 2014 3:43 pm
Grain futures advanced on Friday, soybeans touched a 5-month high, capping a second weekly gain, after the US Department of Agriculture predicted on Thursday that demand for the US oilseed from China, the largest global importer of the grain will increase. Corn advanced a fourth week, while wheat registered a second weekly advance. Meanwhile, the […]
Read moreFebruary 17, 2014 1:17 pm
Natural gas advanced to the strongest level in almost two weeks as the frigid weather over most of the densely populated US areas continued to support strong demand for the heating fuel. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March soared by 4.89% to trade at $5.649 per million British […]
Read moreFebruary 17, 2014 8:10 am
Gold advanced on Monday to the strongest level since October, after downbeat US economic data fueled speculations the US economy may slow its growth, boosting demand for haven assets. Billionaire John Paulson, the owner of the largest stake in the SPDR Gold Trust, the biggest bullion-backed ETF, kept his holdings unchanged in the fourth quarter, […]
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