October 14, 2013 7:00 am
West Texas Intermediate recovered from losses during Asian trading but remained little changed after lawmakers failed to reach an agreement to raise the nations debt limit and reopen the federal government over the weekend. Deteriorating consumer confidence in the U.S. and worse than expected Chinese trade data further weighed on prices. On the New York […]
Read moreOctober 13, 2013 1:04 pm
Gold fell for a fourth day in five on Friday and settled the week almost 3% lower amid broad expectations that U.S. lawmakers were getting closer to an agreement over reopening the partially shut federal government and raising the nations debt limit. Republicans and Democrats were discussing a short-term solution of the debt ceiling deadlock, […]
Read moreOctober 12, 2013 9:34 am
Chinas exports declined in September, the General Administration of Customs said in Beijing today, defying analysts projections for a steady increase and putting a disappointing end to recent series of positive data from the worlds second biggest economy. Exports rose above projections, narrowing the countrys trade surplus to little over $15 billion. The General Administration […]
Read moreOctober 11, 2013 1:25 pm
West Texas Intermediate crude fell to the lowest since early July after the International Energy Agency predicted that non-OPEC supplies will rise in 2014 by the most in three decades. The U.S. is also expected to overtake Russia as the worlds biggest producer due to the American shale oil boom. On the New York Mercantile […]
Read moreOctober 11, 2013 12:07 pm
Natural gas rose for a sixth day in seven and is expected to continue advancing through next week on forecasts for cooler-than-average weather in the U.S., stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in November rose by 1.10% to $3.764 per million British thermal units at […]
Read moreOctober 11, 2013 9:50 am
Grain futures broadly fell on Friday amid forecasts for favorable weather that would benefit corn and soybean harvests and planting and developing of winter wheat. Corn declined further on speculations the U.S. government may scale down the mandate on the use of corn-based ethanol. On the Chicago Board of Trade, soybeans futures for delivery in […]
Read moreOctober 11, 2013 8:58 am
Copper rose for a second day on Friday on optimism that U.S. lawmakers will come to an agreement and extend the nations debt limit as talks continue. Chinese trade data on Saturday may show sustained demand from the worlds biggest consumer of metals. On the Comex division of the New York Mercantile Exchange, copper futures […]
Read moreOctober 11, 2013 8:17 am
Gold fell for a fourth day on Friday to a three-month low on hopes that the U.S. political impasse will be resolved soon after Thursdays meeting between Republicans and Barack Obama fanned optimism. Silver, platinum and palladium fell as well. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in […]
Read moreOctober 11, 2013 7:20 am
Oil prices retreated after surging on Thursday as the political standoff in the U.S. continued despite yesterdays optimism for a resolution. Lowered forecast for demand for OPEC oil in the fourth quarter and next year also weighed on prices. Hopes for an end to the budget and debt ceiling impasse and renewed geopolitical tension tension […]
Read moreOctober 10, 2013 1:49 pm
Natural gas rose more than 2% on Thursday after weather forecasters predicted below-normal temperatures in key U.S. consuming areas, boosting the power-station fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in November rose by 1.83% to $3.747 per million British thermal units at 13:51 GMT. Prices surged to a session […]
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