May 1, 2014 11:52 am
Crude oil futures kept dropping before noon in Europe today, as growing supplies in the US weighed on prices in addition to bearish economic data from the US and China. Natural gas contracts also slid, as expectations on big gains in US stockpiles outweigh forecasts of cooler weather over most of the States. West Texas […]
Read moreMay 1, 2014 9:39 am
Natural gas futures traded bearishly during early hours in Europe, as the market is expecting the weekly report on blue fuel stockpiles in the US to show a sizable gain in inventories. An extended period of cooler-than-usual weather over the eastern half of the US drove prices to 2-month highs. Front month natural gas futures, […]
Read moreMay 1, 2014 8:42 am
Gold extended its slide during early European trading, after a turbulent session yesterday, which closed on-par with the previous. Later today Federal Reserve Chairwoman Janet Yellen will speak. Data on employment and manufacturing activity for the US is also expected. Gold futures for delivery in June traded for $1 283.1 per troy ounce at 8:40 […]
Read moreMay 1, 2014 7:21 am
West Texas Intermediate contracts orbited the last close during early trading hours in Europe today, after yesterday news of record-high crude oil supplies in the US hit the brand to drop near a month-low. Brent was also pressured by the news, but support by a deepening conflict in Ukraine capped losses to much less than […]
Read moreApril 30, 2014 3:01 pm
Both West Texas Intermediate and Brent futures declined on Wednesday, as the US governments report on stockpiles pressured both contracts. Meanwhile, natural gas futures dropped during early trading in Europe today, after reaching the highest price since winter on Tuesday. West Texas Intermediate futures for delivery in June traded for $99.80 per barrel at 14:57 […]
Read moreApril 30, 2014 1:36 pm
Expectations of reduced monetary stimulus in the US, following the Feds meeting, pressured gold today, before a report of worse-than-expected growth in the US boosted the precious metal. Silver also recorded losses. Meanwhile, copper was orbiting yesterdays close, before the GDP report hit hard on the industrial metal. Gold futures due in June traded for […]
Read moreApril 30, 2014 11:12 am
Copper futures kept around last sessions close during early trading in Europe today, after dropping on speculation of a stronger dollar yesterday. Tomorrow the very important manufacturing Purchasing Managers Indices for China and the US will be released, with forecasts of slight gains for both. Copper futures for July, the most traded contract on the […]
Read moreApril 30, 2014 9:28 am
Natural gas futures dropped during early trading in Europe today, after reaching the highest price since winter on Tuesday. Weather forecasts project a cooler week for the eastern half of the US, while the West Coast is set for a few very hot days. Front month natural gas futures, due in June, lost 0.33% at […]
Read moreApril 30, 2014 8:33 am
Gold continued to slide during early trading in Europe, as investors await key data from the US. Expectations of a reduction in economic stimulus by the Fed, coupled with forecasts of strong employment figures from the worlds top economy pushed contracts for the precious metal down. Gold futures due in June traded for $1 291.1 […]
Read moreApril 30, 2014 7:23 am
Expectations for a second week of all-time-high crude oil stockpiles in the US pressured West Texas Intermediate to fall to near a monthly low. Brent also saw bearish trading early in the European session, after sizable gains yesterday on Ukraine. West Texas Intermediate futures for delivery in June traded for $100.19 per barrel at 7:21 […]
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