September 26, 2013 2:48 pm
Natural gas futures tumbled more than 1.5% on Thursday after the Energy Information Administration reported that last weeks increase in the U.S. natural gas inventories exceeded both the five-year average and last years build and underperformed analysts projections. On the New York Mercantile Exchange, natural gas futures for November settlement fell by 1.73% to $3.485 […]
Read moreSeptember 26, 2013 2:01 pm
Gold swung between gains and losses on controversial U.S. data. The U.S. Department of Labor reported that the number of people who filed for initial jobless payments in the week ended September 21 fell, confounding analysts expectations for a 16 0000 surge. Losses however remained limited amid ongoing U.S. budget stalemate and first drop in […]
Read moreSeptember 26, 2013 9:23 am
Grain futures were mixed on Thursday with soybeans and corn declining, while wheat advanced on prospects for increased demand from China. On the Chicago Board of Trade, wheat futures for delivery in December traded at $6.7175 a bushel at 9:21 GMT, up 0.17% on the day. The grain rose to a session high of $6.7463 […]
Read moreSeptember 26, 2013 8:44 am
Copper rose on Thursday following upbeat housing data throughout the week and ahead of the release of Augusts Pending Home Sales and the final U.S. Q2 Gross Domestic Product reading. Gains however remained limited on concern over a government shutdown if lawmakers fail to pass the U.S. budget and prospects for QE tapering by the […]
Read moreSeptember 26, 2013 8:00 am
Gold rose on Thursday as investors weighed growing concern over a U.S. government shutdown against prospects for Fed commencing Quantitative Easing tapering by the end of the year. GDP data remained in market players focus. Silver and platinum rose, while palladium fell. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreSeptember 26, 2013 6:56 am
West Texas Intermediate fell for a sixth day, the longest losing streak since May 2012 as world powers made progress in drafting a peaceful resolution to the U.S.-Syria conflict, while the Iranian government sought to begin talks with major world powers on its nuclear program. A bearish U.S. crude stocks report on Wednesday further pressured […]
Read moreSeptember 25, 2013 2:55 pm
West Texas Intermediate pared daily gains after trading higher throughout the day as a bearish weekly report by the EIA confounded analysts expectations. Crude and gasoline inventories grew, while distillate fuel supplies fell less than expected. On the New York Mercantile Exchange, WTI crude for delivery in November traded $103.39 a barrel at 15:07 GMT, […]
Read moreSeptember 25, 2013 12:29 pm
Copper rose on Wednesday and recovered from three days of declines ahead of U.S. data that may show durable goods orders posted a minor decline in August following a major slump in July, while sales of new single-family houses reached a 420 000 annual rate. Fed stimulus outlook capped gains. On the Comex division of […]
Read moreSeptember 25, 2013 11:49 am
Natural gas futures rose on Wednesday, snapping six days of declines, on speculation that EIAs weekly storage report on Thursday will show inventories grew less than the average last week, indicating consisting demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in November rose by 0.69% to $3.584 per […]
Read moreSeptember 25, 2013 8:49 am
Grain futures edged higher on Wednesday. Wheat advanced amid prospects for increased demand from China, while soybeans gained as recently predicted showers in the Midwest were considered futile since the crop was already mature and in the harvest stage. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.29% to […]
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