December 17, 2013 8:24 am
West Texas Intermediate crude fell on Tuesday ahead of a government report which may show US gasoline and distillate fuel supplies rose last week after surging by the most in 11 months in the preceding seven-day period. Upbeat manufacturing data from the US fanned positive sentiment for demand prospects but also reinforced speculations the Federal […]
Read moreDecember 16, 2013 3:27 pm
Grain futures were mixed on Monday, with wheat touching the lowest since June 2012 amid expectations for a record global harvest. Prices were pressured by the lowering probability of winter-kill on the grain as weather forecasting models called for snow across the US wheat producing regions. Corn was down as well, while soybeans advanced for […]
Read moreDecember 16, 2013 2:06 pm
Natural gas fell on Monday as weather forecasting models predicted above-average temperatures in central and eastern U.S. during the next few days, limiting the power-station fuel’s demand prospects. However, the energy source was supported by early withdrawal estimates for last week, which point to a larger-than-average US gas inventories decline. On the New York Mercantile […]
Read moreDecember 16, 2013 10:36 am
Oil prices rose on Monday with Brent adding 1% after the Libyan government failed to reach an agreement with tribal leaders during the weekend on reopening three of the countrys export terminals, leaving a 600 000 bpd capacity offline. Gains however remained in check as investors remained wary ahead of FOMCs two-day meeting starting tomorrow. […]
Read moreDecember 16, 2013 9:34 am
Gold fell on Monday, as strong US retail data raised concerns that the Fed might decide to trim its asset purchasing program at FOMCs policy meeting due Tuesday-Wednesday this week. Also fanning negative sentiment, a Bloomberg survey showed that holdings in exchange-traded products (ETP) will contract further in 2014. Assets in the SPDR Gold Trust, […]
Read moreDecember 15, 2013 12:38 pm
Both West Texas Intermediate and Brent benchmarks settled the week lower as upbeat economic data from the US raised speculations policy makers may curb Feds stimulus at FOMCs meeting next week, while a report by the EIA suggested lingering demand for fuel in the worlds top consumer. Indications that diplomatic progress is being achieved between […]
Read moreDecember 14, 2013 1:52 pm
Having hit the strongest level in 7-1/2 months, natural gas erased daily advances on Friday, as investors locked in gains. On Thursday, an EIA report showed US inventories fell below expectations last week. However, natural gas remained supported as weather forecasts continued to call for bellow-normal temperatures across most of the densely-populated US areas. On […]
Read moreDecember 14, 2013 10:23 am
Gold rose on Friday amid signs of low US inflation, which reduced speculations that the Fed will taper its stimulus program next week. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were reduced by the largest daily amount in nearly two months on Thursday and fell to the lowest since January 2009, adding […]
Read moreDecember 13, 2013 4:01 pm
Grain futures declined on Friday, with wheat touching 4-month lows. Corn and soybeans lost ground as well. On the Chicago Board of Trade, corn for March delivery declined 0.69 percent to $4.3062 a bushel by 15:44 GMT. Futures held in a range between day’s high and low of $4.3488 and $4.2838 per bushel, respectively. On […]
Read moreDecember 13, 2013 1:45 pm
Natural gas moved off yesterdays 7-1/2-month high after EIAs Thursday report showed US inventories fell below expectations last week. However, the energy source remained supported as weather forecasts continued to call for bellow-normal temperatures across most of the densely-populated US areas. On the New York Mercantile Exchange, natural gas for delivery in January declined by […]
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