August 27, 2014 11:53 am
Royal Dutch Shell Plc, Europe’s largest oil company, has agreed to sell several Nigerian Oil Mining Licenses (OMLs) it co-owns with Total and Eni, as civil strife and theft drive foreign companies away from Africas oldest oil industry. The deals are not yet finalized, though the price of about $5bn was put forward by the […]
Read moreAugust 27, 2014 9:11 am
Natural gas futures were higher during early trade in Europe today, as above-average temperatures over many high-demand states in the US drive higher cooling demand, lowering the projected natgas storage build. Front-month natural gas futures for delivery in October traded at $3.995 per million British thermal units (mBtu), up 1.16%, at 9:06 GMT on the […]
Read moreAugust 27, 2014 8:03 am
Gold futures were slightly higher during early trade in Europe today, as investors sought safety amid growing tensions in Ukraine, after 10 Russian paratroopers were captured by Kiev. Positive US data boosted the dollar to a new peak yesterday, though failed to push gold lower. Gold futures for December delivery on the Comex in New […]
Read moreAugust 27, 2014 6:58 am
WTI and Brent futures were slightly higher during early trade in Europe today, as investors eye the upcoming weekly report on US oil inventories. The conflict in Ukraine was still in focus, after Kiev captured 10 Russian soldiers on Ukrainian soil. West Texas Intermediate futures for delivery in October traded at $93.92 per barrel, up […]
Read moreAugust 26, 2014 2:31 pm
Gold and silver futures were higher during midday trade in Europe today, as armed conflicts in Ukraine and the Middle East supported against pressure from the US economy. Meanwhile, copper futures were lower, as below par housing data from the US and mixed durable goods orders figures were assessed. Gold futures for December delivery on […]
Read moreAugust 26, 2014 1:39 pm
Burger King, the second-biggest burger chain in the US, agreed to purchase Tim Hortons, Canada’s largest fast food service, for about $11.4 billion. Both companies shares soared some 20% on Monday, after on Sunday it was made clear the talks were at an advanced stage. Tim Hortons shareholders will receive C$65.50 in cash and 0.8025 […]
Read moreAugust 26, 2014 12:26 pm
WTI and Brent futures were higher during midday trade in Europe today, as tensions in Ukraine bumped up the risk premium ahead of key reports on US oil inventories. Meanwhile, natural gas futures bounced back down after rallying some 2.5% on Monday. West Texas Intermediate futures for delivery in October traded at $93.56 per barrel, […]
Read moreAugust 26, 2014 11:45 am
Wheat, corn and soybeans futures were lower during midday trade in Europe today, as traders priced in the latest bearish US crop report, which reaffirmed the very good crop condition across all grains. Weather patterns call for heavy rains in the Midwest this week, which is largely beneficial for growing crops, though some localized flooding […]
Read moreAugust 26, 2014 9:34 am
Natural gas futures were slightly lower during early trade in Europe today, after adding more than 2.5% on Monday with support from relatively high US temperatures. Weather patterns project cooler and more comfortable temps to be swinging back to the US, however, pressuring the blue fuel. Front-month natural gas futures for delivery in September traded […]
Read moreAugust 26, 2014 8:24 am
Gold futures were higher during early trade in Europe today, as geopolitical tensions around the globe stoked some safe haven demand, after gold had dropped to attractive price levels. Investors look to more US economic data to set outlooks for a rate hike. Gold futures for December delivery on the Comex in New York traded […]
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