July 11, 2013 2:59 pm
According to the U.S. Energy Information Administration, natural gas inventories rose a bit more than expected during the week ending July 5. The fuel kept falling on the day as weather forecasting models showed below-normal temperatures across the eastern parts of the U.S. On the New York Mercantile Exchange, natural gas for August delivery traded […]
Read moreJuly 11, 2013 1:35 pm
Oil eased off 16-month high on Thursday, erasing earlier daily gains following the International Energy Agencys bearish first monthly report with forecasts for 2014. According to the agency, oil supply will outpace the increase in oil demand in 2014 as non-OPEC production will surge at the highest pace in 20 years. On the New York […]
Read moreJuly 11, 2013 10:59 am
Grain futures advanced on Thursday amid weaker U.S. dollar and concern over drier weather in the Midwest U.S. stressing corn and soybeans crops. On the Chicago Board of Trade, corn futures for September delivery traded at $5.5988 a bushel at 10:50 GMT, up 1.06% on the day. Prices held in range between days high and […]
Read moreJuly 11, 2013 9:57 am
Copper extended Wednesdays gains and surged more than 3% on Thursday, following Feds comments which dampened speculation over an earlier than expected deceleration of the central banks monetary easing program. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.183 a pound at 9:54 GMT, up 2.99% […]
Read moreJuly 11, 2013 9:06 am
Silver surged more than 4% on Thursday to a three-week high following comments by Fed Chairman Ben Bernanke, which dampened concern over an earlier-than-expected deceleration of the central banks monetary easing program. On the Comex division of the New York Mercantile Exchange, silver futures for September delivery traded at $20.040 per troy ounce at 8:45 […]
Read moreJuly 11, 2013 8:21 am
Gold surged more than 3%, nearing the $1 300 mark, the highest since in weeks, after Ben Bernanke, Fed Chairman, announced yesterday the U.S. economy needs the central banks accommodative monetary easing program running in the foreseeable future. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at […]
Read moreJuly 11, 2013 7:37 am
WTI crude extended yesterdays major gains, hitting a fresh 15-month high during early European trading. Futures rose 2.9% yesterday as the Energy Information Administration reported a second straight unexpectedly high drop in crude oil inventories. Oil was also supported by a slump in the dollar after Ben Bernanke, Fed Chairman, announced the central bank will […]
Read moreJuly 10, 2013 2:53 pm
According to the Energy Information Administrations weekly oil reserves report, U.S. crude oil inventories dropped more than anticipated for a second straight week. Gasoline stockpiles also decreased, against expectations, while distillate fuel inventories gained more than projected. On the New York Mercantile Exchange, WTI crude for August delivery traded at $105.86 per barrel at 14:50 […]
Read moreJuly 10, 2013 2:22 pm
Soft futures were mixed on Wednesday with sugar and coffee marking daily gains while cotton and cocoa declined. On the ICE Futures Exchange, sugar futures for October delivery hit a new days high at $0.1647 a pound at 13:51 GMT, up 0.73% on the day. Days low stood at $0.1625 a pound. The sweetener advanced […]
Read moreJuly 10, 2013 10:49 am
Copper gained on Wednesday despite negative economic data from China as imports in the Asian country reached a nine-month high, indicating a steady demand. On the Comex division of the New York Mercantile Exchange, copper for September delivery traded at $3.077 a pound at 10:40 GMT, marking a 0.42% daily gain. Prices ranged between days […]
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