November 19, 2013 2:26 pm
Natural gas futures rebounded after falling on Monday as weather forecasting models called for below-average temperatures in most of the U.S. through the end of November and into December, stocking demand for the power-station fuel. Expectations for a decline in U.S. inventories in the week ended November 15 also gave prices a lift. On the […]
Read moreNovember 19, 2013 11:39 am
Grain futures were mixed on Tuesday with corn and wheat advancing, while soybeans declined. Corn fell to a 38-month low as the U.S. harvest accelerated and surpassed the five-year average pace, while wheat rallied after the USDA reported a deterioration in U.S. crop conditions. On the Chicago Board of Trade, corn futures for settlement in […]
Read moreNovember 19, 2013 10:45 am
Copper traded mostly lower on Tuesday after hitting a 3-1/2-month low following mixed comments by Fed officials implying a brightening outlook for the U.S. economy, which fueled speculations for an earlier-than projected stimulus tapering. Worse-than-expected economic sentiment in the Euro zone and the leading EU nation dampened demand prospects and pressured the euro, allowing the […]
Read moreNovember 19, 2013 9:36 am
Gold swung between gains and losses on Tuesday as investors weighed mixed comments by Fed officials following Janet Yellens dovish statement last week and reduced demand as an alternative investment after yesterdays stock rally. Silver fell to the lowest since August, while platinum and palladium retreated to one-month lows. On the Comex division of the […]
Read moreNovember 19, 2013 8:38 am
Both West Texas Intermediate and Brent benchmarks fell in early European trading on Tuesday as investors weighed comments by Fed officials implying an earlier-than-projected stimulus tapering against expectations that U.S. crude inventories snapped eight straight weeks of gains last week and fell by 1 million barrels. However, market sentiment continued to be dominated by Janet […]
Read moreNovember 18, 2013 3:15 pm
Grain futures were mixed on Monday with wheat and soybeans marking an advance, while corn hovered near three-year low levels following a U.S. proposition for a cut in refineries renewable fuel quota, limiting demand prospects for grains used for the production of biofuels. On the Chicago Board of Trade, corn futures for settlement in December […]
Read moreNovember 18, 2013 1:51 pm
Natural gas rose for a third day to a three-week high on Monday as weather forecasting models predicted current above-normal temperatures in the U.S. to give way to colder-than-usual weather, stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas futures for settlement in December traded at $3.694 per million British […]
Read moreNovember 18, 2013 1:06 pm
Copper extended last weeks losses into Monday after data from the U.S. Commodity Futures Trading Commission showed hedge funds and other large speculators turned bearish for the first time in two months, lured by stock markets. The lack of immediate measures in Chinas reform package to boost commodities, coupled with forecasts for a higher than […]
Read moreNovember 18, 2013 10:34 am
Gold fell on Monday as data by the U.S. Commodity Futures Trading Commission showed hedge funds doubled their short holdings last week just before Fed Vice Chairwoman Janet Yellen pledged to maintain the central banks current bond purchasing pace if appointed as Bernankes successor. Prices however remained supported and near the $1 300 level as […]
Read moreNovember 18, 2013 8:51 am
Both West Texas Intermediate and Brent benchmarks fell on Monday on speculations Iranian diplomats and their counterparts from six world powers may reach an agreement over the nations disputed nuclear program this week in Geneva. Data showing Saudi Arabia, OPECs biggest producer, exported the most oil in eight years in September also weighed on prices. […]
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