November 12, 2013 8:22 am
Both West Texas Intermediate and Brent benchmarks eased from a one-week high on expectations the American Petroleum Institute and the Energy Information Administration will report U.S. crude stocks rose for an eight consecutive week last week to the highest since June. The market was further pressured as U.S. Secretary of State John Kerry said he […]
Read moreNovember 11, 2013 4:08 pm
West Texas Intermediate rebounded on Monday and Brent rose for a second day after Iranian diplomats and their counterparts from the U.S., U.K., France, Germany, Russia and China fell short of an agreement to scale back the Islamic republics nuclear program and end a decade-long standoff. Upbeat data from worlds second-biggest consumer China boosted demand […]
Read moreNovember 11, 2013 3:03 pm
Natural gas futures swung between gains and losses as investors weighed forecasts for colder-than-usual weather in key U.S. consuming areas against expectations inventories rose more than expected last week. On the New York Mercantile Exchange, natural gas for delivery in December fell by 0.07% to $3.557 per million British thermal units by 14:57 GMT. Prices […]
Read moreNovember 11, 2013 2:35 pm
Grain futures were mixed on Monday with soybeans falling, while wheat advanced and corn rebounded further from a recently hit 38-month low as the USDA predicted a smaller than expected increase in the U.S. harvest. On the Chicago Board of Trade, corn futures for settlement in December traded at $4.3038 per bushel at 14:38 GMT, […]
Read moreNovember 11, 2013 12:44 pm
Copper swung between gains and losses on Monday but traded mostly higher throughout the day after upbeat data from China released during the weekend suggested the Asian economy is likely to meet the governments economic growth target. However, recently arisen speculations the Federal Reserve might begin paring its monthly bond purchases earlier than expected limited […]
Read moreNovember 10, 2013 8:27 am
Gold fell by the most in more than a month on Friday and settled the week at three-week low levels after a string of surprisingly upbeat U.S. data lifted the dollar to the highest since September. Larger than projected third quarter economic growth and a rebound in the creation of jobs by the private sector […]
Read moreNovember 9, 2013 10:39 am
Chinese consumer prices rose by the most in eight months in October, led by gains in food prices, and added to recently arisen concerns the Peoples Bank of China may tighten monetary conditions. Although annual consumer inflation remained below the governments official target of 3.5% throughout the year, recent upbeat economic data and gradual acceleration […]
Read moreNovember 8, 2013 2:46 pm
Gold fell to the lowest in three weeks after the Department of Labor reported that U.S. employers added more jobs than expected in October, signaling the partial government shutdown had limited effect on the labor market and optimism remained at hand. The U.S. unemployment rate inched up to 7.3% but American households income rose more […]
Read moreNovember 8, 2013 12:46 pm
Grain futures were mixed on Friday with soybeans retreating, while wheat remained fairly unchanged and corn hovered near a freshly hit three-year low on speculations the USDA will revise upward its crop estimate. On the Chicago Board of Trade, corn futures for settlement in December rose by 0.45% to a session high of $4.2188 per […]
Read moreNovember 8, 2013 10:39 am
Natural gas rose for a fourth straight day after the Energy Information Administration reported on Thursday that U.S. natural gas inventories rose below the average in the week ended November 1, indicating robust demand. The power-station fuel was also supported as weather forecasting models continued to predict colder-than-normal weather in key U.S. consuming areas, boosting […]
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