July 2, 2013 7:04 am
Oil extended gains on Tuesday as analysts forecast a drop in Crude Oil Inventories ahead of APIs and EIAs weekly oil inventories reports due on Tuesday and Wednesday respectively. Prices also drew support as positive U.S. and EU data pointed at economic recovery, which boosted demand prospects. Tension in Middle East and Africa provided an […]
Read moreJuly 1, 2013 2:51 pm
Oil extended gains on Monday as generally positive data from the EU and U.S. boosted demand outlook. Meanwhile, Chinas PMI readings were lower than May, but overall met projections. On the New York Mercantile Exchange, WTI crude for August delivery traded at $97.98 per barrel at 14:49 GMT, up 1.47% on the day. Prices ranged […]
Read moreJuly 1, 2013 1:52 pm
Soft futures were mixed on Monday with sugar, cotton and cocoa marking daily losses, while arabica and robusta coffee advanced. On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at $0.1686 a pound at 13:21 GMT, down 0.30% on the day. Prices ranged between days high and low at $0.1704 and $0.1679 […]
Read moreJuly 1, 2013 12:41 pm
Grain futures were mixed today following USDAs acreage report on Friday with wheat and soybeans marking daily gains, while corn plunged. On the Chicago Mercantile Exchange, wheat futures for September delivery traded at $6.6038 a bushel, up 0.48% on the day. Prices held in range between days high at $6.6375 and low of $6.5288. The […]
Read moreJuly 1, 2013 11:26 am
Copper surged on Monday, extending Fridays gains. The industrial metal rose as China economic data met expectations, despite marking worse values than the previous month. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery gained 2.15% on the day by 11:24 GMT, trading at $3.123 a pound. The industrial […]
Read moreJuly 1, 2013 10:50 am
Silver extended gains today after rebounding on Friday from $18.183, the lowest level since August 2010. Investors returned to the market lured by the attractive prices. On the Comex division of the New York Mercantile Exchange silver futures for August delivery traded at $19.640 per troy ounce, up 0.87% on the day. Prices ranged between […]
Read moreJuly 1, 2013 9:01 am
Gold continued to rise on Monday after rebounding from the lowest level since August 2010 and marking the worst quarterly loss since nine decades. The precious metal gained as buyers were lured by the attractive prices and traders closed out bets on lower prices known as short position covering. On the Comex division of the […]
Read moreJuly 1, 2013 7:26 am
Oil fluctuated on Monday, erasing previous losses during the early European session. Prices were pressured as Chinas final HSBC PMI hit the lowest level since nine months, supporting the countrys concerning growth outlook, which was recently further trimmed by Goldman Sachs. On the New York Mercantile Exchange, WTI crude for August delivery traded at $96.77 […]
Read moreJune 28, 2013 2:56 pm
Oil pared earlier daily gains and plunged towards the red scale as unexpectedly upbeat U.S. consumer confidence gave a strong boost to the U.S. dollar, after which a rebound followed. Meanwhile, Jeffrey Lacker, Richmond Fed president, said during his speech that he doesnt support Feds Quantitative Easing. On the New York Mercantile Exchange, WTI crude […]
Read moreJune 28, 2013 2:08 pm
Soft futures were mixed on Friday with sugar, coffee and cocoa trading lower on the day, while cotton advanced. On the ICE Futures U.S. exchange, sugar futures for October delivery fell 0.64% at 14:05 GMT. The sweetener traded at $0.1695 а pound, ranging between days high at $0.1715 and low of $0.1694 a pound respectively. […]
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