September 10, 2013 7:13 am
West Texas Intermediate fell for a second day as fear over an imminent attack against the Syrian regime eased after Russia said it will help put Syrias chemical weaponry under international control, which could avert the U.S.-led attack against the Middle Eastern country. On the New York Mercantile Exchange, WTI crude for October delivery fell […]
Read moreSeptember 9, 2013 2:49 pm
Both WTI and Brent benchmarks retreated in early American trading on receding fears that the U.S. will launch an imminent attack against the Syrian regime for using chemical weaponry against its own civilians on August 21. President Obama still faces opposition in the U.S. Senate and it is not clear whether a vote authorizing the […]
Read moreSeptember 9, 2013 11:59 am
Natural gas futures rebounded after posting the first weekly decline in a month as weather forecasters continued to predict above-normal temperatures in key consuming areas. On the New York Mercantile Exchange, natural gas futures for October delivery rose by 0.92% to $3.563 per million British thermal units at 11:58 GMT. Prices held in range between […]
Read moreSeptember 9, 2013 11:01 am
Grain futures were mixed on Monday with soybeans advancing for a third straight day, while corn and wheat fell. Market players awaited this weeks USDA crop progress report on Monday and the agencys forecasts update on Thursday. On the Chicago Board of Trade, soybeans futures for November delivery traded at $13.7613 a bushel at 10:48 […]
Read moreSeptember 9, 2013 8:41 am
Copper rose on Monday as upbeat trade and inflation data from its top consumer China added to evidence that the worlds second biggest economy is rebounding after two quarters of slowing growth. On the Comex division of the New York Mercantile Exchange, copper for December delivery rose by 0.67% to $3.285 per pound at 8:40 […]
Read moreSeptember 9, 2013 8:06 am
Gold traded higher throughout the day but remained near its previous closing price as investors weighed expectations for Quantitative Easing tapering taking part this month against increased physical demand and persisting unrest in Syria. Silver declined,while palladium rose and platinum remained fairly unchanged. On the Comex division of the New York Mercantile Exchange, gold futures […]
Read moreSeptember 9, 2013 7:19 am
West Texas Intermediate crude fell on Monday after hitting a two-year high on Friday as Chinas General Administration of Customs reported that the countrys crude imports fell by 18% in August from July. Losses however remained in check amid ongoing tension in the Middle East with investors awaiting the upcoming vote in the U.S. senate […]
Read moreSeptember 6, 2013 1:32 pm
Gold surged to session highs after trading lower throughout the day as offcial data showed the U.S. economy created less jobs than expected in August, which could delay the Fed decelrating its monetary easing program. The unemployment rate fell to the lowest since December 2008 as less people looked for work. On the Comex division […]
Read moreSeptember 5, 2013 3:37 pm
WTI rose over the $108 mark on Thursday as the Energy Information Administration said in its weekly report that U.S. crude oil and gasoline inventories fell while distillate fuel supplies gained in the week ended August 30 generally in line with analysts projections. On the New York Mercantile Exchange, WTI crude for October settlement traded […]
Read moreSeptember 5, 2013 2:46 pm
Natural gas plunged more than 2% in the early U.S. trading session after the Energy Information Administration said in its weekly report that U.S. gas stockpiles rose more than analysts expected. Losses however remained limited as forecasts for warmer-than-usual weather boosted demand prospects for the power-station fuel. On the New York Mercantile Exchange, natural gas […]
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