November 13, 2013 8:28 am
West Texas Intermediate hovered near the lowest since the end of May on expectations both a private and a government report will show U.S. crude inventories rose for an eight consecutive week last week to the highest since June. Comments by a senior Fed official that he cant rule out tapering of Feds quantitative easing […]
Read moreNovember 12, 2013 3:49 pm
Natural gas rose for a sixth consecutive day, the longest stretch of gains in more than a year, as weather forecasting models continued to predict colder-than-average weather in key U.S. consuming areas, boosting the energy sources demand prospects. On the New York Mercantile Exchange, natural gas futures for settlement in December rose by 1.69% to […]
Read moreNovember 12, 2013 3:29 pm
Oil prices fluctuated on Monday with Brent rising while WTI fell and its discount to the European benchmark widened to nearly $12. Ongoing protests in Libya and the lack of a breakthrough in the latest round of talks between Iran and six world powers supported the market and mainly Brent. Expectations for an eight consecutive […]
Read moreNovember 12, 2013 11:49 am
Grain futures rose on Tuesday before the release of USDAs weekly crop progress report. Mixed weather conditions throughout the worlds major growing areas and a smaller-than expected upward inventories revision supported prices but expectations the U.S. harvest neared completion after last weeks favorable conditions limited gains. On the Chicago Board of Trade, soybeans futures for […]
Read moreNovember 12, 2013 9:34 am
Copper fell on Tuesday as market players weighed recent upbeat data from the U.S. and China against speculations the Federal Reserve might commence scaling back its monthly bond purchases earlier than expected. Investors also awaited the outcome of a four-day meeting of Chinas Communist Party where leaders were set to draft a reform blueprint for […]
Read moreNovember 12, 2013 9:12 am
Gold fell for a fourth day on Tuesday as a stronger greenback weighed on the demand for dollar-denominated raw materials. Market sentiment remained dampened as investors assessed the possibility of an earlier-than-expected Fed stimulus tapering following a string of recent upbeat economic data. Silver and palladium fell, while platinum marked a minor daily advance. On […]
Read moreNovember 12, 2013 8:22 am
Both West Texas Intermediate and Brent benchmarks eased from a one-week high on expectations the American Petroleum Institute and the Energy Information Administration will report U.S. crude stocks rose for an eight consecutive week last week to the highest since June. The market was further pressured as U.S. Secretary of State John Kerry said he […]
Read moreNovember 11, 2013 4:08 pm
West Texas Intermediate rebounded on Monday and Brent rose for a second day after Iranian diplomats and their counterparts from the U.S., U.K., France, Germany, Russia and China fell short of an agreement to scale back the Islamic republics nuclear program and end a decade-long standoff. Upbeat data from worlds second-biggest consumer China boosted demand […]
Read moreNovember 11, 2013 3:03 pm
Natural gas futures swung between gains and losses as investors weighed forecasts for colder-than-usual weather in key U.S. consuming areas against expectations inventories rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in December fell by 0.07% to $3.557 per million British thermal units by 14:57 GMT. Prices […]
Read moreNovember 11, 2013 2:35 pm
Grain futures were mixed on Monday with soybeans falling, while wheat advanced and corn rebounded further from a recently hit 38-month low as the USDA predicted a smaller than expected increase in the U.S. harvest. On the Chicago Board of Trade, corn futures for settlement in December traded at $4.3038 per bushel at 14:38 GMT, […]
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