September 24, 2013 6:59 am
Oil prices remained pressured on Tuesday amid expectations that a U.N. drafted resolution this week will back a U.S.-Russian plan to destroy Syrias chemical arsenal and avert military action against the Middle Eastern country. Recovering output in different OPEC members eased concern over global supplies, while market expectations for a bullish crude inventories tomorrow by […]
Read moreSeptember 23, 2013 2:54 pm
West Texas Intermediate fell to the lowest since the end of July after a preliminary report by Markit Economics showed that U.S. manufacturing activity expanded at a slower pace in September. Meanwhile, output in South Sudan rose to the highest since 2012 and Libya is in the process of recovering its production. A possible groundbreaking […]
Read moreSeptember 23, 2013 11:48 am
Grain futures were mixed on Monday ahead of USDAs weekly crop progress with wheat posting a minor daily advance, while corn and soybeans fell. On the Chicago Board of Trade, soybeans for delivery in November fell by 0.01% to $13.1513 a bushel at 11:46 GMT. The contract fell to a 1-month low of $13.0763 a […]
Read moreSeptember 23, 2013 9:32 am
Natural gas fell for a fifth day as weather forecasters predicted seasonal temperatures to settle in most key consuming areas next week, curbing demand for the power-plant fuel. On the New York Mercantile Exchange, natural gas for delivery in November fell by 0.52% to $3.744 per million British thermal units at 9:18 GMT. Prices held […]
Read moreSeptember 23, 2013 8:58 am
Copper futures retreated on Monday as market players weighed falling Chinese imports in August and talks on October Fed tapering against manufacturing data from China and the Euro zone. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December fell by 0.74% to $3.296 per pound at 8:56 GMT. […]
Read moreSeptember 23, 2013 7:58 am
Gold extended its Friday losses amid speculations that the Federal Reserve might trim its monetary easing program after a policy maker said last week that a small taper may occur at FOMCs October 29-30 meeting. Silver and palladium advanced, while platinum fell. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreSeptember 23, 2013 7:02 am
Oil prices swung between gains and losses on Monday after both WTI and Brent benchmarks settled lower last week. Market players weighed easing tension between Syria and the U.S. and recovering Libyan output against upbeat China manufacturing data and expectations for an expansion of the European and U.S. manufacturing sectors. On the New York Mercantile […]
Read moreSeptember 20, 2013 2:47 pm
Gold extended its fall in early U.S. trading on Friday as St. Louis Fed President James Bullard hinted a small taper in October is possible. Limited physical demand due to higher prices and upbeat U.S. data on Thursday also pressured the metal. On the Comex division of the New York Mercantile Exchange, gold futures for […]
Read moreSeptember 20, 2013 11:51 am
Natural gas retreated for a fourth consecutive day as weather forecasters predicted mild temperatures across key consuming areas. Half of the analysts who participated in a Bloomberg survey expected prices to extend their drop into next week, the same amount of bears as last weeks poll. On the New York Mercantile Exchange, natural gas futures […]
Read moreSeptember 20, 2013 9:28 am
Grain futures retreated on Friday with wheat and corn marking minor daily losses, while soybeans posted a moderate retreat on speculations that rains in some growing regions will ease stress on the crops and boost yields. On the Chicago Board of Trade, soybeans futures for delivery in November fell by 0.75% to $13.2913 per bushel […]
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