November 25, 2013 8:45 am
Both West Texas Intermediate and Brent benchmarks fell on Monday after Iranian diplomats and their counterparts from the five permanent members of the U.N. Security Council and Germany reached a groundbreaking breakthrough in a decade-long standoff on Irans nuclear ambitions, partially lifting sanctions that battered the nations economy. Market players also awaited the release of […]
Read moreNovember 24, 2013 1:20 pm
Gold fell on Friday and capped the biggest weekly decline in more than two months after protocols from FOMCs October meeting showed earlier in the week that policy makers felt overall comfortable with trimming Feds monthly bond purchases in the upcoming months, provided it warranted sustainable economic growth. Strong U.S. economic data also fueled speculations […]
Read moreNovember 23, 2013 1:45 pm
West Texas Intermediate crude fell on Friday but snapped six straight weekly declines, supported by upbeat key economic data from the U.S. and a smaller-than-expected build in U.S. crude inventories in the week ended November 15. However, rising stockpiles at Cushing, Oklahoma, indicated demand still hasnt picked up at the right pace and limited gains. […]
Read moreNovember 22, 2013 6:21 pm
Natural gas jumped to the highest since the end of October as weather forecasting models continued to point to below-average temperatures through most of the U.S., stoking demand for the power-station fuel. A larger-than-expected decline in U.S. inventories last week continued to support the market. On the New York Mercantile Exchange, natural gas for delivery […]
Read moreNovember 22, 2013 1:35 pm
Increased demand for US supply of soybeans boosted the price of futures to a one-week high. On the Chicago Board of Trade soybeans contracts for settlement in January rose 0.4% to 12.97 per bushel, which is the highest level for most actively traded futures for one week. Yesterday, on the same Chicago Board of Trade, […]
Read moreNovember 22, 2013 1:06 pm
Gold futures traded close to lows unseen in four months on Friday, heading for their most significant weekly loss since September, as demand for the commodity has been pressured by renewed expectations that the Federal Reserve Bank may begin paring back its Quantitative Easing in the coming months. On the Comex division of the New […]
Read moreNovember 22, 2013 7:50 am
West Texas Intermediate crude oil traded close to highs unseen in three weeks in Friday, after a weekly report showed that the number of initial jobless claims in the United States decreased more than initially expected last week, which may be indicative that labor market in the worlds largest oil-consuming nation continued improving. WTI futures […]
Read moreNovember 21, 2013 4:25 pm
Natural gas surged to the highest since the end of October after the Energy Information Administration reported a larger-than-expected withdrawal in U.S. inventories in the week ended November 15. Outlook for colder-than-usual weather through the beginning of December also weighed on prices. On the New York Mercantile Exchange, natural gas futures for settlement in December […]
Read moreNovember 21, 2013 1:51 pm
Grain futures advanced on Thursday on unfavorable weather outlook for most of the major U.S. growing areas. Soybeans also drew support on expectations for increased demand for U.S. supplies prior to USDAs sales report, due to be released later today. On the Chicago Board of Trade, soybeans futures for settlement in January rose by 0.78% […]
Read moreNovember 21, 2013 12:54 pm
Natural gas rose for a second day and traded near three-week high levels on forecasts for below-average temperatures in most of the eastern U.S. during the next five to seven days, boosting the power-station fuels demand prospects as Americans turn up the heating. On the New York Mercantile Exchange, natural gas futures for settlement in […]
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