November 14, 2013 1:00 pm
Natural gas fell for a second day on Thursday on expectations the Energy Information Administration will report U.S. gas inventories rose above the average last week despite the recent below-average temperatures in the eastern half of the country. Projections that U.S. output will rise further in 2013 also weighed on the market. On the New […]
Read moreNovember 14, 2013 12:16 pm
Grain futures were mixed on Thursday with soybeans falling, while wheat rose and corn was fairly unchanged. Advancing U.S. harvest and favorable weather outlook throughout most of the worlds major growing areas pressured prices. On the Chicago Board of Trade, soybeans futures for settlement in January fell by 0.47% to $13.0838 a bushel by 11:40 […]
Read moreNovember 14, 2013 10:07 am
Copper swung between gains and losses on Thursday after President Barack Obama’s nominee to lead the Federal Reserve, Janet Yellen, backed Fed’s monetary easing program and curbed speculations for an earlier-than-expected stimulus tapering, supporting dollar-denominated commodities. Overall disappointing economic growth in the Euro zone however dimmed consumption outlook. Expectations for increased global output and supplies […]
Read moreNovember 14, 2013 9:10 am
Gold rose for a second day on Thursday after Fed Vice Chairwoman and President Barack Obama’s nominee to lead the Federal Reserve, Janet Yellen, backed Fed’s monetary easing program and curbed speculations for an earlier-than-expected stimulus tapering. Soft global physical demand in the third quarter however limited gains. Silver, platinum and palladium advanced. On the […]
Read moreNovember 14, 2013 8:22 am
West Texas Intermediate was mostly unchanged in early European trading hours, hovering near the lowest since the end of May as a private report showed U.S. crude oil stockpiles rose last week to the highest since June, an eight consecutive weekly gain. The American benchmark however drew support after Fed Vice Chairwoman and President Barack […]
Read moreNovember 13, 2013 2:57 pm
Brent rose more than 1% on Wednesday as ongoing protests in Libya continued to fuel concern over supplies from Africas biggest crude reserves holder, offsetting recently arisen speculations for an earlier-than-expected Fed tapering. Expectations the American Petroleum Institute and the EIA will report U.S. crude reserve rose for an eight consecutive week last week to […]
Read moreNovember 13, 2013 12:24 pm
Natural gas rose for a seventh consecutive day on Wednesday, the longest stretch of gains since January 2011, as weather forecasting models continued to point to below-average temperatures in densely-populated U.S. consuming areas, boosting the power-station fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in December traded at $3.644 per […]
Read moreNovember 13, 2013 10:43 am
Grain futures were little changed on Wednesday. Soybeans were pressured on signs for abundant global supplies, while wheat traded near two-month low levels after the USDA reported planting of the U.S. crop accelerated last week and surpassed the five-year average pace. On the Chicago Board of Trade, wheat futures for settlement in December traded at […]
Read moreNovember 13, 2013 9:43 am
Copper fell for a third day to the lowest since August on speculations the Federal Reserve might scale back its monthly bond purchases earlier than expected. Comments by a senior Fed official saying he wouldnt rule out a tapering decision at FOMCs December meeting and Chinese refined-copper output hitting a monthly record further weighed on […]
Read moreNovember 13, 2013 9:04 am
Gold fell to the lowest in a month on speculations the Federal Reserve might commence scaling back its monthly bond purchases earlier than previously expected. Statement by Federal Reserve Bank of Atlanta President Dennis Lockhart saying he wouldn’t rule out a so-called tapering of Fed’s quantitative easing program at FOMC’s December 17-18 policy meeting further […]
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