October 11, 2013 1:25 pm
West Texas Intermediate crude fell to the lowest since early July after the International Energy Agency predicted that non-OPEC supplies will rise in 2014 by the most in three decades. The U.S. is also expected to overtake Russia as the worlds biggest producer due to the American shale oil boom. On the New York Mercantile […]
Read moreOctober 11, 2013 12:07 pm
Natural gas rose for a sixth day in seven and is expected to continue advancing through next week on forecasts for cooler-than-average weather in the U.S., stoking demand for the power-station fuel. On the New York Mercantile Exchange, natural gas for delivery in November rose by 1.10% to $3.764 per million British thermal units at […]
Read moreOctober 11, 2013 9:50 am
Grain futures broadly fell on Friday amid forecasts for favorable weather that would benefit corn and soybean harvests and planting and developing of winter wheat. Corn declined further on speculations the U.S. government may scale down the mandate on the use of corn-based ethanol. On the Chicago Board of Trade, soybeans futures for delivery in […]
Read moreOctober 11, 2013 8:58 am
Copper rose for a second day on Friday on optimism that U.S. lawmakers will come to an agreement and extend the nations debt limit as talks continue. Chinese trade data on Saturday may show sustained demand from the worlds biggest consumer of metals. On the Comex division of the New York Mercantile Exchange, copper futures […]
Read moreOctober 11, 2013 8:17 am
Gold fell for a fourth day on Friday to a three-month low on hopes that the U.S. political impasse will be resolved soon after Thursdays meeting between Republicans and Barack Obama fanned optimism. Silver, platinum and palladium fell as well. On the Comex division of the New York Mercantile Exchange, gold futures for delivery in […]
Read moreOctober 11, 2013 7:20 am
Oil prices retreated after surging on Thursday as the political standoff in the U.S. continued despite yesterdays optimism for a resolution. Lowered forecast for demand for OPEC oil in the fourth quarter and next year also weighed on prices. Hopes for an end to the budget and debt ceiling impasse and renewed geopolitical tension tension […]
Read moreOctober 10, 2013 1:49 pm
Natural gas rose more than 2% on Thursday after weather forecasters predicted below-normal temperatures in key U.S. consuming areas, boosting the power-station fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in November rose by 1.83% to $3.747 per million British thermal units at 13:51 GMT. Prices surged to a session […]
Read moreOctober 10, 2013 1:20 pm
Gold surged to session high in late European trading after the U.S. Labor Department reported that the number of people who filed for initial unemployment benefits in the week ended October 5 rose the most since March as California worked through a backlog and the budget standoff forced some contractors to pare personnel. An underlying […]
Read moreOctober 10, 2013 11:20 am
Grain futures advanced on Thursday with corn and soybeans extending positions on signs of increased demand for U.S. supplies. On the Chicago Board of Trade, corn futures for delivery in December rose by 0.48% to $4.4613 per bushel at 11:18 GMT. Prices held in range between days high and low of $4.4638 and $4.4313 per […]
Read moreOctober 10, 2013 8:41 am
Copper swung between gains and losses and fell in the early European trading session after data on Wednesday and Thursday showed a decrease in manufacturing output in most of Europes big economies. A stronger dollar also weighed on prices. On the Comex division of the New York Mercantile Exchange, copper futures for settlement in December […]
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