August 13, 2013 7:46 am
West Texas Intermediate crude rose for a second day as market analysts expect a sixth weekly drop out of seven to be reported this Wednesday. On Monday, protesters shut back down Libyas two biggest crude oil export terminals, hours after they had reopened, which was followed by the closure of more oilfields as a sign […]
Read moreAugust 13, 2013 6:36 am
Natural gas extended its rally on Tuesday as updated weather forecasting models continued to point at the beginning of a warming trend across the northern and eastern parts of the U.S. through late August. On the New York Mercantile Exchange, natural gas for September delivery surged to $3.324 per million British thermal units at 6:30 […]
Read moreAugust 12, 2013 2:39 pm
West Texas Intermediate erased previous daily gains and traded on the downside as a stronger dollar weighed on dollar-denominated commodities. Meanwhile, slower than expected economic growth in Japan spurred concern over demand prospects in the worlds third biggest consumer. Brent fell as well. On the New York Mercantile Exchange, WTI crude for September delivery fell […]
Read moreAugust 12, 2013 11:39 am
Copper swung between gains and losses on Monday as slower than expected Japan GDP growth spurred concern over demand in the worlds third biggest economy. Meanwhile, last weeks positive data from China laid support on the metal, boosting demand prospects in the worlds top consumer. Quantitative Easings outlook also remained in investors focus. On the […]
Read moreAugust 12, 2013 9:56 am
Grain futures were mixed on Monday ahead of USDAs WASDE and crop progress reports. Corn rebounded from a three-year low but remained on negative territory, while soybeans advanced. Wheat erased partially earlier daily losses after rebounding from a freshly hit 14-month low. On the Chicago Board of Trade, wheat futures for September delivery traded at […]
Read moreAugust 12, 2013 9:04 am
Natural gas rose on Monday after settling Friday at the lowest level since February. Prices advanced as market players returned to the market for a round of bargain buying and some covered short bets. The fuel however trimmed its daily advance as weather forecasting models continued to point at mild temperatures across the lower 48 […]
Read moreAugust 12, 2013 8:16 am
Gold rose to the highest level in August as assets in the SPDR Gold Trust, the biggest bullion-backed ETP, expanded for the first time since June. Meanwhile increased demand for the precious metal in China has put the country back on track to becoming the worlds biggest consumer India, current top consumer, curbed imports to […]
Read moreAugust 12, 2013 7:12 am
Oil prices swung between gains and losses on Monday after posting their biggest daily advance on Friday since August 1 and erased most of earlier weekly losses. Market players are looking ahead at key U.S. economic data due later this week to assess whether Fed might start scaling back its monetary easing program in September. […]
Read moreAugust 9, 2013 2:38 pm
Oil prices edged higher in the late European and early U.S. sessions amid supply disruptions in the North Sea and Libya and on signs the economy of second top consumer China is stabilizing. On the New York Mercantile Exchange, WTI crude for September delivery traded at $104.98 per barrel at 14:35 GMT, up 1.53% on […]
Read moreAugust 9, 2013 11:58 am
Natural gas remained on positive territory most of the day but is still headed for a weekly decline as weather forecasting models continued to point at cooler-than-normal temperatures across key consuming areas, which would likely widen the stockpiles surplus over the five-year average. On the New York Mercantile Exchange, natural gas for delivery in September […]
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