September 5, 2013 8:40 am
Natural gas futures fluctuated in a narrow range between gains and losses on Thursday and remained close to Wednesdays 6-week high as forecasts for above-normal temperatures in key consuming areas boosted the power-plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in October traded at $3.682 per million British thermal […]
Read moreSeptember 5, 2013 7:45 am
Gold extended Wednesdays losses after a Senate vote authorized a limited U.S. attack against Syria, which eased concern over all-out military action that could spill the conflict over to the entire region. Speculation that the Federal Reserve will scale back its bond purchases in September continued to weigh on the market. On the Comex division […]
Read moreSeptember 5, 2013 7:05 am
Oil prices marked a minor advance on Thursday as the American Petroleum Institute reported that U.S. crude reserves fell more than expected last week. Senate authorization for a limited U.S.-led attack against the Syrian regime eased concern over the conflict spreading into the entire region, while speculation that the Federal Reserve will begin tapering its […]
Read moreSeptember 4, 2013 3:04 pm
Gold lost further positions on Wednesday as Russian President Vladimir Putin did not rule out approving a military operation against the Syrian regime if Assads guilt for the August 21 chemical attack in the suburbs of Damascus is proven. Putin however said that without a U.N. resolution all military action against Syria are considered as […]
Read moreSeptember 4, 2013 10:02 am
Copper trimmed its weekly advance on Wednesday as investors weighed the possibility of Fed tapering its monetary easing program in September following the recent upbeat U.S. economic data. The metal was also pressured as inventories monitored by the LME rose last week. On the Comex division of the New York Mercantile Exchange, copper futures for […]
Read moreSeptember 4, 2013 9:25 am
Natural gas futures rose for a second day on concern that Atlantic Storms may disrupt production in the U.S. gulf, while weather forecasters continued to predict warmer-than-usual temperatures across key consuming areas, boosting the power-plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for October settlement rose by 0.34% to $3.679 per […]
Read moreSeptember 4, 2013 8:55 am
Grain futures edged lower on Wednesday and soybeans retreated more than 1% following Tuesdays biggest daily advance in a week as the USDA said in its weekly report that crop condition has deteriorated less than expected last week. On the Chicago Board of Trade, soybeans futures for November settlement fell to $13.6788 per bushel at […]
Read moreSeptember 4, 2013 7:57 am
Gold futures fell toward negative territory in European trading on Wednesday but remained firmly above the $1 400 mark as President Barack Obama won opposition lawmakers support ahead of the upcoming vote in Congress on September 9, which bolstered concern over an imminent military intervention in Syria. Earlier gains were however offset by growing speculation […]
Read moreSeptember 4, 2013 7:08 am
West Texas Intermediate held ground above $108 a barrel and Brent remained fairly unchanged well above the $115 mark as President Barack Obamas plan to initiate a punitive attack against the Syrian regime was backed by two opposition lawmakers, strengthening his position and fueling concern over a spreading conflict in the Middle East. Market players […]
Read moreSeptember 3, 2013 2:56 pm
West Texas Intermediate erased daily and weekly losses and surged to session highs as the Institute for Supply Management reported that U.S. factory activity grew at the fastest pace in more than two years, exceeding analysts expectations and boosting oils demand prospects. On the New York Mercantile Exchange, WTI crude for October delivery traded at […]
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