December 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 […]
Read moreDecember 22, 2013 9:56 am
Both West Texas Intermediate and Brent benchmarks rose on Friday and settled the week higher, buoyed by upbeat economic growth numbers from the US, coupled with ongoing supply outages from Libya, a string of glitches at US refineries and strikes at four Total refineries in France. A government report showing US crude inventories fell for […]
Read moreDecember 21, 2013 3:58 pm
Grain futures were mixed during the week, with wheat touching fresh 19-month lows on Friday, marking a third straight week of declines on expectations of a bigger Argentine crop, which added to record global supplies. Meanwhile, soybeans and corn advanced to settle the week higher amid weather forecasts calling for continuing dry and hot weather […]
Read moreDecember 21, 2013 2:18 pm
Gold advanced on Friday, after hitting the lowest in six months a day earlier. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, increased on Friday for the first time in 1-1/2 months, rebounding from the lowest since January 2009. Robust physical demand from China amid the recent slump in prices supported the metal, […]
Read moreDecember 21, 2013 10:50 am
Having hit the strongest level in 2-1/2 years, natural gas erased daily advances on Friday, as investors locked in gains. On Thursday, an EIA report showed US inventories fell by an all-time record amount last week, beating analysts’ expectations. Natural gas was further supported by long-term weather forecasting models, which predicted below-average temperatures in the […]
Read moreDecember 20, 2013 3:55 pm
Grain futures were mixed on Friday, with wheat touching fresh 19-month lows, poised for a third week of declines on expectations of a bigger Argentine crop adding to record global supplies. Meanwhile soybeans and corn advanced amid weather forecasts calling for continuing dry and hot weather in Argentina and Brazil. On the Chicago Board of […]
Read moreDecember 20, 2013 2:50 pm
Natural rose to the highest in 2-1/2-years following EIA’s report that showed US inventories fell by an all-time record amount last week, beating analysts’ expectations. The energy source was also supported by long-term weather forecasting models, which predicted below-average temperatures in the high-use states, boosting demand for the power-station fuel. On the New York Mercantile […]
Read moreDecember 20, 2013 9:43 am
Gold advanced on Friday, after hitting the lowest in six months yesterday. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced and remained at the lowest since January 2009, adding to bearish sentiment. A stronger US dollar put more pressure on the yellow metal. However, robust physical demand from China amid […]
Read moreDecember 20, 2013 8:19 am
West Texas Intermediate crude eased off Thursdays two-month high as investors took profits following the previous sessions 1% gain when ongoing supply outages in Libya and refinery strikes in France boosted imports demand. Prices drew further support after the American Petroleum Institute said US petroleum products consumption jumped to the highest November level in six […]
Read moreDecember 19, 2013 4:00 pm
Natural gas advanced after EIA’s report showed US inventories fell by a record-high amount last week, beating analysts expectations. The energy source was also supported by long-term weather forecasting models, which predicted below-average temperatures in the high-use states, boosting demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in […]
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