September 17, 2013 7:08 am
West Texas Intermediate fell to a three-and-a-half week low and Brent hovered near yesterdays 4-week low as fears faded that a U.S.-led attack against Syria might spill the conflict over to neighboring major oil producers. Broad expectations that Fed will announce it will pare its monetary stimulus program after the upcoming FOMC meeting continued to […]
Read moreSeptember 16, 2013 3:18 pm
Natural gas rose more than 1% on Monday with sentiment still boosted from last weeks upbeat inventories data and positive outlook for this weeks EIA report. Market players continued to monitor hurricanes Ingrid and Humberto. On the New York Mercantile Exchange, natural gas for delivery in October rose by 1.89% to $3.746 per million British […]
Read moreSeptember 16, 2013 2:48 pm
Copper rose more than 1% on Monday amid overall upbeat U.S. data and after one of the potential candidates for next Fed chairman and supporters of tighter monetary policy dropped out of the race. Receding fears over an escalating conflict in Syria stoked demand for riskier assets. On the Comex division of the New York […]
Read moreSeptember 16, 2013 11:17 am
Grain futures were mixed on Monday with wheat and corn advancing, while soybeans declined as rains in parts of the Midwest may halt a decline in soybeans condition that has already deteriorated for four consecutive weeks. On the Chicago Board of Trade, soybeans futures for November delivery fell by 1.04% to $13.6650 per bushel at […]
Read moreSeptember 16, 2013 9:10 am
Copper rose on Monday after hitting a five-week low on Friday following Lawrence Summerss withdrawal as a candidate for next Fed chairman. Broad expectations that the Federal Reserve will pare its monetary stimulus after the upcoming two-day FOMC meeting on September 17-18 limited gains. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreSeptember 16, 2013 8:16 am
Gold gained more than 1% on Monday as the U.S. dollar retreated to the lowest in a month following Lawrence Summers withdrawal as a candidate for next Fed chairman. Easing tension between the U.S. and Syria and expectations that policy makers will trim the $85 billion bond purchasing program after the upcoming two-day FOMC meeting […]
Read moreSeptember 16, 2013 7:29 am
Both WTI and Brent benchmarks extended last weeks retreat amid growing chances for a diplomatic resolution of the Syrian conflict, which eased concern over global supply disruptions. Market players also eyed FOMCs upcoming two-day meeting on September 17-18, which should clarify Feds next moves. On the New York Mercantile Exchange, WTI crude for delivery in […]
Read moreSeptember 13, 2013 2:24 pm
Natural gas swung between gains and losses on Friday after surging on Thursday following a bullish report by the EIA. Forecasts for mild temperatures will curb demand and are expected to keep prices lower through next week. On the New York Mercantile Exchange, natural gas futures for delivery in October traded at $3.657 per million […]
Read moreSeptember 13, 2013 1:37 pm
Gold erased some of its earlier losses in the day following a report by the U.S. Commerce Department, which showed that U.S. retail sales rose less than expected. Fading fears that the U.S. will launch a military attack against Syria after the latest diplomacy meeting between top U.S. and Russia officials curbed safe haven demand […]
Read moreSeptember 13, 2013 9:53 am
Grain futures were mixed on Friday following yesterdays update of USDAs crop forecasts. Wheat and corn made a moderate retreat, while soybeans advanced as the agency trimmed its domestic production outlook. On the Chicago Board of Trade, soybeans futures for delivery in November rose by 0.25% to $13.9875 per bushel at 9:51 GMT. Prices ranged […]
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