October 25, 2013 1:44 pm
West Texas Intermediate crude rose to session highs after the Commerce Department reported that U.S. durable goods advanced by the most in three months and exceeded analysts projections on strong demand for commercial and military aircraft and motor vehicles. Prices however retreated on negative sentiment over ample supplies and poor manufacturing data from the U.S. […]
Read moreOctober 25, 2013 12:22 pm
Natural gas erased its daily losses but remained firmly on negative weekly basis after two reports by the Energy Information Administration this week showed that U.S. natural gas inventories rose above the average in the preceding two weeks. Short-term forecasts for colder than usual weather in key consuming areas of the U.S. supported prices. On […]
Read moreOctober 25, 2013 10:42 am
Grain futures were mixed on Friday with soybeans slightly declining, while corn and wheat posted a moderate advance as unfavorable weather in parts of the U.S., South America and Europe threatened to slow field work. On the Chicago Board of Trade, soybeans futures for delivery in November fell by 0.03% to $13.0863 per bushel by […]
Read moreOctober 25, 2013 8:34 am
Copper fell for a third day on Friday and is set to settle the week lower on concern that a restrictive monetary policy in China, the worlds largest consumer, will curb demand for raw materials. The first decline in U.S. manufacturing activity since 2009 and a smaller than expected expansion of the Euro zones manufacturing […]
Read moreOctober 25, 2013 7:56 am
Gold retreated on Friday but remained near Thursdays one-month high as investors weighed broad expectations for the Federal Reserve to delay trimming its monetary stimulus until next year against lingering physical demand from India, last years biggest consumer. Silver, platinum and palladium declined as well. On the Comex division of the New York Mercantile Exchange, […]
Read moreOctober 25, 2013 7:03 am
West Texas Intermediate crude swung between gains and losses on Friday and is set for the biggest weekly decline in four months after U.S. crude oil inventories rose for a fifth consecutive week, while supplies at Cushing, Oklahoma, jumped for a second week. Continuing progress in talks between Iran an the U.S. further pressured the […]
Read moreOctober 24, 2013 1:04 pm
Gold surged to the highest in more than a month after the U.S. Labor Department reported on Thursday that the number of people who filed for initial jobless payments last week exceeded analysts expectations, fueling speculations the Federal Reserve will refrain from scaling back its bond purchases this year. The U.S. trade deficit was little […]
Read moreOctober 24, 2013 11:41 am
Natural gas futures fell to a 2-1/2 week low on Thursday before the release of EIAs weekly natural gas storage report which may show U.S. inventories rose more than the average last week, indicating softening demand. However, short-term forecasts for below-average temperatures in parts of the U.S. limited losses. On the New York Mercantile Exchange, […]
Read moreOctober 24, 2013 9:40 am
Grain futures were mixed on Thursday with corn slightly retreating, while soybeans and wheat gained after the U.S. Department of Agriculture reported increased demand for U.S. crops and unfavorable weather continued to impair field work in the U.S. and South America. On the Chicago Board of Trade, soybeans futures for settlement in November rose by […]
Read moreOctober 24, 2013 8:37 am
Copper futures swung between gains and losses on Thursday as investors weighed a faster than expected expansion of Chinas manufacturing sector against concerns over restrictive monetary policy as inflation picked up. On the Comex division of the New York Mercantile Exchange, copper futures for settlement in December traded at $3.263 per pound at 8:33 GMT, […]
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