August 28, 2013 7:27 am
West Texas Intermediate rose to the highest levels since April 2011 on concern that a seen as imminent missile attack against the Syrian regime may spill the conflict over the Middle East region, which accounts for a third of global oil output. Brent touched a 6-month high. On the New York Mercantile Exchange, WTI crude […]
Read moreAugust 27, 2013 2:53 pm
Gold rose to the highest since the middle of May amid escalating tension between the U.S. and the Syrian regime led by President Bashar al-Assad. Silver, platinum and palladium also advanced. On the Comex division of the New York Mercantile, gold futures for December delivery rose to $1 420.00 per troy ounce at 14:53 GMT, […]
Read moreAugust 27, 2013 2:15 pm
Natural gas futures fell more than 1.5% on Tuesday as weather forecasters predicted that temperatures along the East Coast and parts of the Midwest will fall to seasonal, thus limiting the power plant fuels demand prospects. On the New York Mercantile Exchange, natural gas for delivery in October fell by 1.53% to $3.499 per million […]
Read moreAugust 27, 2013 1:57 pm
West Texas Intermediate surged to the highest since February 2012 as senior U.S. officials said missile strikes against Syria could be launched as early as Thursday. Brent hit a 6-month high. On the New York Mercantile Exchange, WTI crude for October delivery traded at $108.82 per bushel at 13:56 GMT, up 2.74% on the day. […]
Read moreAugust 27, 2013 9:40 am
Grain futures fell on Tuesday as investors weighed the outlook for hot and dry weather in the Midwest that could hurt crop yields against expectations for record-high production. Corn retreated more almost 1%, while wheat posted a moderate loss and soybeans remained fairly unchanged. On the Chicago Board of Trade, corn futures for delivery in […]
Read moreAugust 27, 2013 8:31 am
Copper fell on Tuesday following Mondays disappointing durable goods orders which spurred concern over demand prospects of the metal in the worlds second biggest consumer. Escalating tension in the Middle East stoked market sentiment as investors preferred to avoid riskier assets. On the Comex division of the New York Mercantile Exchange, copper futures for delivery […]
Read moreAugust 27, 2013 8:01 am
Gold rose for a fourth day following two days of surprisingly disappointing U.S. economic data, which dampened speculations that the Federal Reserve will start decelerating its $85 billion bond purchasing program in September. Some safe haven buying supported prices amid growing possibility that the U.S. and other Western nations will intervene in the Syrian civil […]
Read moreAugust 27, 2013 7:25 am
West Texas Intermediate rose for a third day in four as the U.S. put Syrian President Bashar al-Assad in notice on Monday it believes he was responsible for the chemical attack against civilians in the Damascus suburbs last week. Meanwhile, market players also eyed the upcoming oil inventories reports by the American Petroleum Institute and […]
Read moreAugust 26, 2013 2:51 pm
Gold swung between gains and losses but remained fairly unchanged and continued to trade close below the $1 400 mark following another batch of negative U.S. data, which further dampened speculations that the Federal Reserve will begin decelerating its monetary stimulus in September. On the Comex division of the New York Mercantile Exchange, gold futures […]
Read moreAugust 26, 2013 2:05 pm
Natural gas rebounded from Fridays biggest drop in two weeks and traded higher throughout the day as weather forecasters predicted above-average temperatures across key consuming areas, thus boosting demand prospects for the power plant fuel. On the New York Mercantile Exchange, natural gas for delivery in October traded at $3.528 per million British thermal units […]
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