February 9, 2014 12:25 pm
West Texas Intermediate crude rose for a fourth day on Friday and settled the week higher after a government report showed unemployment in the US fell to the lowest in more than 5 years while cold weather drained the nations distillate stockpiles. Expectations for tight fuel supplies as refiners begin to shut down for maintenance […]
Read moreFebruary 8, 2014 7:32 am
Gold rose on Friday, marking the largest weekly advance in more than a month, after US payrolls increased less than analysts forecast. The metal drew support as China, which probably overtook India as the largest consumer last year, opened its markets following the Lunar New Year break. Meanwhile, assets in the SPDR Gold Trust, the […]
Read moreFebruary 7, 2014 1:32 pm
Grain futures were mixed on Friday, wheat headed for its largest weekly advance since September, as the frigid weather in the US, the largest exporter of the grain, harmed crops. Meanwhile, soybeans declined, while corn traded little changed. On the Chicago Board of Trade, wheat futures for settlement in March added 0.3% to trade at […]
Read moreFebruary 7, 2014 12:13 pm
Natural gas declined on Friday and headed for a second weekly drop, following EIAs bearish report yesterday and amid long-term US weather forecasts that called for moderate temperatures later in February. On the New York Mercantile Exchange (NYMEX), natural gas for delivery in March lost 3.46% to trade at $4.761 per million British thermal units […]
Read moreFebruary 7, 2014 8:13 am
West Texas Intermediate crude traded near the highest level in a week after a bigger-than-expected drop in applications for initial jobless benefits spurred confidence of how well the US labor market fares. Investors now awaited the release of allegedly upbeat non-farm payroll and unemployment rate figures later in the day. Persisting cold and stormy weather […]
Read moreFebruary 7, 2014 7:59 am
Gold advanced on Friday and was poised for the biggest weekly gain in a month, ahead of US jobs data that may reveal US employment growth rebounded from a two-year low and after China, which probably overtook India as the largest consumer last year, opened its markets following the Lunar New Year break. Meanwhile, assets […]
Read moreFebruary 6, 2014 10:50 am
Natural gas advanced on Thursday, ahead of a government report that may show US gas stockpiles declined last week by almost twice the 5-year average drop, while weather conditions in the US continue to be freezing cold, supporting high natural gas demand, as Americans crank up the heating. On the New York Mercantile Exchange (NYMEX), […]
Read moreFebruary 6, 2014 8:17 am
West Texas Intermediate crude rose for a third day after a government report showed on Wednesday that US distillate fuel inventories fell for a fourth straight week, while crude oil supplies rose less than expected. Stockpiles at Cushing, Oklahoma, also slid after a new pipeline began carrying oil to the Gulf Coast from the hub, […]
Read moreFebruary 6, 2014 7:46 am
Gold traded little changed on Thursday, after yesterday it touched one-week high, following a private report that showed lower-than-expected jobs growth in the US, which boosted speculation the official government data tomorrow will trail projections. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained unchanged on Wednesday, after rising 0.5% on February 4, […]
Read moreFebruary 5, 2014 4:05 pm
West Texas Intermediate crude rose for a second day on Wednesday after a government report showed that US distillate fuel inventories, a closely watched category during the winter season, fell for a fourth straight week as cold weather across most of the country stoked heating demand. Crude inventories rose less than projected. On the New […]
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