September 4, 2013 7:08 am
West Texas Intermediate held ground above $108 a barrel and Brent remained fairly unchanged well above the $115 mark as President Barack Obamas plan to initiate a punitive attack against the Syrian regime was backed by two opposition lawmakers, strengthening his position and fueling concern over a spreading conflict in the Middle East. Market players […]
Read moreSeptember 3, 2013 2:56 pm
West Texas Intermediate erased daily and weekly losses and surged to session highs as the Institute for Supply Management reported that U.S. factory activity grew at the fastest pace in more than two years, exceeding analysts expectations and boosting oils demand prospects. On the New York Mercantile Exchange, WTI crude for October delivery traded at […]
Read moreSeptember 3, 2013 11:13 am
Grain futures advanced on Tuesday as weather forecasting agencies predicted that the warm and dry weather across the main U.S. corn and soybean growing areas will extend into this week. Market players eyed the upcoming weekly USDA crop progress report due later today. On the Chicago Board of Trade, soybeans for delivery in November rose […]
Read moreSeptember 3, 2013 9:23 am
Natural gas futures rose for a fifth day in six as weather forecasters continued to predict warmer-than-average temperatures across key consuming areas, thus boosting the power plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for October delivery rose to $3.667 per million British thermal units by 9:15 GMT, up 2.4% on […]
Read moreSeptember 3, 2013 8:53 am
Copper rallied 2% on Tuesday following Mondays upbeat manufacturing data from Europe and China and as numbers may show on Tuesday that the U.S. manufacturing sector expanded further in August. Chinas services sector grew steadily in August. On the Comex division of the New York Mercantile Exchange, copper futures for delivery in December rose by […]
Read moreSeptember 3, 2013 8:18 am
Gold declined for a fourth day on Tuesday as concern over a U.S.-led attack against Syria continued to fade and a stronger greenback pressured dollar-denominated commodities. Signs for slow but consistent stabilization of global economic activity reduced the metals demand prospects. On the Comex division of the New York Mercantile Exchange, gold futures for delivery […]
Read moreSeptember 3, 2013 6:59 am
West Texas Intermediate traded lower on the day and Brent crude fluctuated between gains and losses as the market was balancing between easing concern over an U.S.-led attack against the Syrian regime and increased demand prospects amid signs that the global economy is turning a corner following yesterdays upbeat manufacturing data from China and Europe. […]
Read moreSeptember 2, 2013 11:49 am
West Texas Intermediate erased partially earlier losses and Brent oil rebounded and traded on positive territory as upbeat manufacturing data from Europe boosted demand prospects. Expanding manufacturing activity in China also supported the market, balancing against easing concern over an imminent U.S.-led attack against Syria. On the New York Mercantile Exchange, WTI crude for October […]
Read moreSeptember 2, 2013 9:38 am
Natural gas rose by 3% to the highest since July 25 as weather forecasting models pointed at warmer-than-average temperatures across key consuming areas, thus boosting demand for the power plant fuel. On the New York Mercantile Exchange, natural gas for delivery in October rose to $3.652 per million British thermal units at 9:38 GMT, up […]
Read moreSeptember 2, 2013 8:58 am
Copper snapped four consecutive days of declines on Monday as Chinas manufacturing sector expanded at the fastest rate since April last year. A separate private survey by HSBC and Markit Economic signaled expansion following Julys 11-month low. Euro zone data also pushed prices up. On the Comex division of thew New York Mercantile Exchange, copper […]
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