December 30, 2013 10:54 am
Grain futures edged lower on Monday with corn dropping to the lowest in more than a week as weather forecasting models called for favorable weather in South America to aid crops after recent hot and dry conditions. On the Chicago Board of Trade, corn futures for settlement in March lost 0.37% by 10:29 GMT to […]
Read moreDecember 30, 2013 9:38 am
Gold futures fell on Monday, capping three straight days of gains, as holdings in bullion-backed ETPs declined to new multi-year lows following a recent series of upbeat US economic data. Silver fell more than 2% and extended its annual decline to 35%, the most since 1981. On the Comex division of the New York Mercantile […]
Read moreDecember 30, 2013 8:41 am
West Texas Intermediate hovered near the highest level in 2-1/2 months on Monday after a government report released on Friday showed US crude inventories fell for a fourth straight week to the lowest since September in the seven days through December 20. A recent series of upbeat economic data from the US continued to boost […]
Read moreDecember 29, 2013 9:16 am
West Texas Intermediate rose to a 2-1/2 month high on Friday and Brent settled at the highest level in four weeks after the Energy Information Administration reported a fourth consecutive weekly decline in US crude inventories in the seven days to December 20. Strong economic data from the US over the past couple of weeks […]
Read moreDecember 28, 2013 9:10 am
Gold rose on Friday marking the longest winning stretch in four months as a steep decline in the US dollar boosted metals appeal as an alternative investment. The precious metal however remained on track to post the biggest annual drop since 1981 and the first decline in 13 years after the Federal Reserve decided to […]
Read moreDecember 27, 2013 4:28 pm
West Texas Intermediate extended its movement above the $100 mark, hitting the highest level in more than two months, after the Energy Information Administration reported a fourth straight weekly decline in US crude inventories in the seven days to December 20. Brent surged to the strongest level in three weeks. The oil market continued to […]
Read moreDecember 26, 2013 4:11 pm
West Texas Intermediate jumped to the highest in more than two months and Brent held ground near the $112 mark after the US Labor Department reported that fewer people filed for initial unemployment benefits in the week ended December 21, boosting demand prospects in the worlds top consumer. Supply outages in Libya and South Sudan […]
Read moreDecember 25, 2013 10:22 am
West Texas Intermediate crude settled near the highest level in two months while Brent touched a three-week high as another series of upbeat economic data from the US boosted demand prospects in the worlds top consumer. The market also gained support as escalating violence in South Sudan curbed the nations oil output, adding to recurring […]
Read moreDecember 24, 2013 1:38 pm
Gold swung between gains and losses in a thin pre-holiday trade on Tuesday following a recent series of upbeat US data, which prompted the Federal Reserve to trim its monthly bond purchases and reduced the metals safe haven appeal. Assets in the SPDR Gold Trust fell to the lowest in nearly five years on Monday, […]
Read moreDecember 23, 2013 11:24 am
West Texas Intermediate remained near Fridays two-month high while Brent rose to the highest in two weeks as the IMF raised its outlook for the US economy, while escalating violence in South Sudan added to ongoing supply disruptions in Libya, holder of the continents biggest crude reserves. On the New York Mercantile Exchange, WTI crude […]
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