May 30, 2013 3:23 pm
U.S. Crude Oil Inventories increased by 3 million barrels last week and reached 397,6 million barrels, showed the U.S. Energy Information Administrations report on Thursday. Forecast was for a decline of 600 000 barrels to 393,8 million. Crude oil inventories stood at 394,6 million barrels the preceding week, when stockpiles declined by 350 000 barrels. […]
Read moreMay 30, 2013 2:41 pm
According to the U.S. Energy Information Administration the Natural Gas Storage has increased by 88 million cubic feet last week and reached 2,141 trillion cubic feet, compared to 2 053 trillion the preceding week. This is 3 million more than the 2 138 billion cubic feet forecast. Inventories rose by 72 billion cubic feet during […]
Read moreMay 30, 2013 2:20 pm
Gold futures gained 1% on Thursday, following disappointing U.S. economic data. Q1 GDP growth was revised downwards to 2.4%, compared to 2.5% according forecasts, thus dampening speculation about an earlier-than-anticipated slowdown of Feds Quantitative Easing program. Initial jobless claims rose by 10 000 to 354 000, way above the forecast of a 4 000 decline […]
Read moreMay 30, 2013 10:05 am
Copper gained on Thursday as a broadly weaker greenback supported dollar-priced commodities. On the New York Mercantile Exchange copper for July delivery was up 0.3% on the day and traded at $3.306 a pound. The greenback lost positions against the yen, which lead to a decrease in its value against all other major peers. The […]
Read moreMay 30, 2013 9:37 am
Iron ore prices are experiencing pressure by lowered demand from China. The IMF cut its economy growth forecast for China to 7.75%, down from 8%. The Organisation for Economic Co-operation and Development also trimmed its forecast to 7,8% from 8%. The Asian nations official Purchasing Managers Index (PMI) is due later this week, but the […]
Read moreMay 30, 2013 9:05 am
Silver followed golds trend and and hit a one-week high today supported by the weaker dollar. The greenback lost positions versus the Japanese yen and euro yesterday, thus shooting gold and silver prices up. On the New York Mercantile Exchange silver futures for July delivery were up 0,95% on the day and traded at $22.66 […]
Read moreMay 30, 2013 8:40 am
Brent oil dropped on Wednesday by $1.80, its biggest fall since May 1. Oil prices fell to nearly $101 per barrel today amid disappointing U.S. GDP growth data. Gross Domestic Product for the first quarter was revised downwards to 2.4% compared to the 2.5% growth forecast. Initial jobless claims were more than forecast and equaled […]
Read moreMay 30, 2013 7:57 am
WTI crude traded near a four-week low after an industry report by the American Petroleum Institute yesterday showed gasoline inventories rose 1,9 million barrels, compared to forecasts of a 100 000 barrels increase. Distillate products rose by 3,1 million barrels, way above the expectations for a lack of volume change. After the settlement on Wednesday, […]
Read moreMay 30, 2013 7:07 am
Gold futures for August delivery gained 1.3%, reaching highest level since May 22 and traded at $1 410,40 a troy ounce as stocks and the greenback retreated. Spot gold traded at $1 411, 27 an ounce, up 1,3%. The dollar lost positions versus the Japanese yen and euro yesterday, thus shooting gold prices up. Nevertheless, […]
Read moreMay 29, 2013 3:25 pm
Natural gas dropped 1.35% today on the New York Mercantile Exchange and traded at $4,107 per million British thermal units. Futures came under selling pressure as the June contract expires at the end of Wednesdays trading session. Earlier it fell by 1.5% and traded at the lowest price since May 21 at $4,102. Contract expiration […]
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