June 17, 2013 2:06 pm
WTI crude prices reached a new nine-month high level during the late European session on concern that unrest in Syria will spread to neighbor oil producing countries. Also, oil was supported by a halt in production at the Oseberg Field Center in the North Sea due to gas alarm and Morgan Stanley said today that […]
Read moreJune 17, 2013 1:20 pm
Soft futures were mixed on Thursday with cotton and cocoa marking daily losses, while sugar and arabica coffee gained. Sugar rebounded after prices fell to a three-year low of $0.1617 on Thursday as farmers in Brazil started to accelerate harvesting. Investors started buying sugar futures after bearish bets reached a record and the worlds top […]
Read moreJune 17, 2013 10:25 am
Copper gained on Monday, but remained limited amid speculation about the upcoming FOMC meeting and Ben Bernankes statement on the U.S. economy and the future of Feds Quantitative Easing program. On the Comex division of the New York Mercantile Exchange, copper futures for July delivery traded at $3.200 a pound at 10:03 GMT, down 0.06% […]
Read moreJune 17, 2013 9:14 am
Soybeans dropped on Monday as imports by China, the worlds biggest consumer, may be lower than the U.S. Department of Agricultures forecast. The agency projected on June 13 shipments will total 69 million metric tons in the 12 months starting October 1. According to Bloombergs survey China will import 63 million instead, which is one […]
Read moreJune 17, 2013 7:35 am
Gold prices remained overall unchanged in the early European session, awaiting Feds meeting this week, which would shed some light into the centrals bank s future intentions regarding its Quantitative Easing. Gold prices rose on Friday, following U.S. data that spurred inflation concerns. Core PPI both on annual and monthly basis for May met expectations […]
Read moreJune 17, 2013 7:04 am
Oil prices remained steady during the early European session on Monday as Middle East tension was offset by news about Irans president election and the lasting global demand concern. On the New York Mercantile Exchange, both WTI crude and Brent oil hovered near open prices. At 7:02 GMT crude oil futures for August delivery traded […]
Read moreJune 14, 2013 2:20 pm
Gold gained on Friday as U.S. data showed signs of rising inflation, boosting the precious metals appeal as a hedging strategy versus inflation. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded 0.74% higher on the day and stood at $1 388.05 at 14:13 GMT. The precious metal […]
Read moreJune 14, 2013 1:54 pm
Oil prices surged to nine-month high levels on Friday, supported by weaker dollar and concern over the war in Syria. The U.S. currency has been pressured throughout the week by its major counterparts, driving commodity prices up. The greenback remained fairly unchanged even after positive U.S. data on Thursday and somewhat controversial figures, published on […]
Read moreJune 14, 2013 1:03 pm
Soft futures were mixed on Friday with sugar, coffee and cotton on green side, while cocoa marked another day of losses. On the ICE Futures U.S. exchange, sugar futures for July delivery marked a new daily high at $0.1641 a pound at 13:00 GMT, up 1.17% on the day. The sweetener varied between daily high […]
Read moreJune 14, 2013 10:12 am
Grain futures were mixed on Friday with corn and soybeans marking daily gains, while wheat fell amid global ample supply forecast. Wheat futures have been under pressure as favorable weather conditions boosted developing prospects in different parts of the world. Harvests in the Black Sea region by Ukraine and Russia, Australia and Europe are expected […]
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