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Copper rebounds from a one-month low on positive EU data

June 12, 2013 8:41 am
Copper rebounded on Wednesday after falling for five straight days to hit a one-month low on Wednesday. Copper was supported by prospects of increased demand in its third largest consumer, the European Union. Positive CPI readings throughout the EU, improving labor market in Great Britain and Industrial Production in the Euro zone that exceeded expectations […] Read more

Gold continues to trade lower on stimulus outlook

June 12, 2013 7:44 am
Gold rebounded on Wednesday and traded slightly higher after prices for immediate delivery plunged to $1 366.19 on Tuesday, the lowest since May 23. However, stimulus outlook in the U.S. and Japan are still weighing on the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery stood […] Read more

Oil prices down amid rising reserves

June 12, 2013 6:52 am
Oil prices fell for a third day after the American Petroleum Institute reported yesterday U.S. crude reserves increased the most in four years. According to APIs report, U.S. crude stockpiles gained 8.97 billion barrels during the week ending June 7, gasoline inventories jumped 1 million barrels and distillate reserves rose by 199 000. According to […] Read more

Natural gas falls amid mild weather forecasts

June 11, 2013 3:23 pm
Natural gas prices fell for a fourth straight day to a thirteen-week low as mild weather forecasts dampened demand expectations. On the New York Mercantile Exchange, natural gas futures for July delivery traded at $3.773 per million British thermal units at 14:44 GMT, down 0.72% on the day. Prices varied between the thirteen-week low of […] Read more

Oil prices drop following OPEC meeting

June 11, 2013 1:26 pm
Oil prices fell on Tuesday following news that OPEC increased its production pace, while keeping its forecast for global demand. The Organization of Petroleum Exporting Countries increased its output in May by 106 000 barrels to a six-month record level of 30.57 million barrels per day, which is still in line with the groups appointed […] Read more

Soft futures mixed, sugar at a three-year low

June 11, 2013 12:40 pm
Soft futures were mixed on Tuesday with coffee, cocoa and sugar marking losses on the day, while cotton gained. On the ICE Futures U.S. Exchange, coffee futures for July delivery traded at $1.2743 a pound at 12:13 GMT, down 1.01% on the day. Prices ranged between days low of $1.2723 and high at $1.2898. Coffee […] Read more

Copper falls amid stimulus outlook and China data

June 11, 2013 9:44 am
Copper futures plunged to a five-week low on Tuesday as speculations about Feds monetary stimulus direction and weak China economic data weighed on demand for the metal. On the Comex division of the New York Mercantile Exchange, copper futures for July delivery traded at $3.203 a pound at 9:31 GMT, down 1.18% on the day. […] Read more

Grain futures mixed

June 11, 2013 8:42 am
Grain futures were mixed on Tuesday as the U.S. Department of Agriculture published its weekly crop progress report yesterday. Wheat traded lower on the day and soybeans marked gains, while corn rebounded after plunging 2.2% yesterday and stood higher as well. On the Chicago Mercantile Exchange, corn futures for July delivery traded at $6.5200 per […] Read more

Gold trades lower on stimulus outlook

June 11, 2013 7:33 am
Gold fell on Tuesday near two-week low amid speculation of an earlier than projected Quantitative Easing scale back after Standard & Poors improved its assessment for the worlds biggest economy. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery lost 0.65% on the day and stood at $1 376.95 […] Read more

Oil lower as reserves seen gaining

June 11, 2013 6:35 am
Oil traded lower on Tuesday as analysts forecast a gain in Crude Oil Inventories ahead of the American Petroleum Institutes report, scheduled for today. API collects information on a voluntary basis from operators of refineries, pipelines and bulk terminals. The Energy Information Administrations more reliable report is due tomorrow at 14:30 GMT. On the New […] Read more