August 9, 2013 2:38 pm
Oil prices edged higher in the late European and early U.S. sessions amid supply disruptions in the North Sea and Libya and on signs the economy of second top consumer China is stabilizing. On the New York Mercantile Exchange, WTI crude for September delivery traded at $104.98 per barrel at 14:35 GMT, up 1.53% on […]
Read moreAugust 9, 2013 11:58 am
Natural gas remained on positive territory most of the day but is still headed for a weekly decline as weather forecasting models continued to point at cooler-than-normal temperatures across key consuming areas, which would likely widen the stockpiles surplus over the five-year average. On the New York Mercantile Exchange, natural gas for delivery in September […]
Read moreAugust 9, 2013 9:43 am
Grain futures were mixed on Friday with corn declining, while wheat gained and soybeans advanced on concern over frost damage and increased U.S. exports. On the Chicago Board of Trade, soybeans for September delivery traded at $12.3638 a bushel at 9:40 GMT, up 0.71% on the day. Prices ranged between days high and low of […]
Read moreAugust 9, 2013 8:20 am
Copper advanced for a fourth straight day on Friday following overall positive China data, which boosted sentiment that the worlds top consumer of the red metal is in process of stabilizing its economic activity. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.272 a pound at […]
Read moreAugust 9, 2013 7:52 am
Gold swung between gains and losses but hovered around its previous closing price on Friday after the metal posted its biggest daily advance since two weeks yesterday as the U.S. Department of Labor reported more people had filed for initial unemployment benefits last week. However, the precious metal remained pressured on Friday as market players […]
Read moreAugust 9, 2013 7:10 am
West Texas Intermediate snapped a five-day losing streak, the longest since December, after China released overall positive economic data, which coupled with yesterdays surprisingly upbeat trade figures helped push oil higher. Gains however remained limited on speculation the Federal Reserve might scale back its bond purchasing program as early as next month, which would hurt […]
Read moreAugust 8, 2013 3:00 pm
Natural gas fell to a 5 1/2-month low on Thursday as the EIA reported in its weekly report that the U.S. natural gas stockpiles gained more than analysts expected in the week ending August 2 and surpassed the five-year average amount of gas held in underground storage hubs. On the New York Mercantile Exchange, natural […]
Read moreAugust 8, 2013 1:57 pm
Gold continued to trade on positive territory, remaining fairly unchanged after the U.S. Department of Labor reported that more people filed for initial unemployment payments last week than the preceding one. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1 294.60 per troy ounce at 13:53 […]
Read moreAugust 8, 2013 9:09 am
Grain futures advanced on Thursday with wheat rebounding from yesterdays decline, while soybeans gained as the recently hit 18-month low spurred demand prior to USDAs crop production report on August 12. Corn gained as well. On the Chicago Board of Trade, soybeans for September delivery traded at $12.0988 a bushel at 9:03 GMT, up 0.91% […]
Read moreAugust 8, 2013 8:31 am
Copper hit a two-month high on Thursday following unexpectedly upbeat trade data in China, which fueled optimism over stabilizing economic activity in the worlds top consumer of the red metal. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.251 a pound at 8:30 GMT, up 2.46% […]
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