July 22, 2013 8:40 am
WTI gained for a fourth day and continued to narrow its discount to Brent amid a third straight drop in U.S. stockpiles and signs of consistent economic recovery in the worlds top user. Both benchmarks were supported as G20 pledged to put growth before austerity, fueling hope of a recovery in commodities consumption. On the […]
Read moreJuly 22, 2013 6:46 am
Natural gas declined for a second day as forecasting models pointed at cooling weather in the U.S., thus reducing demand for the fuel. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.741 per million British thermal units at 6:45 GMT, down 0.76% on the day. Prices held in range between […]
Read moreJuly 19, 2013 2:42 pm
West Texas Intermediate hit a new 16-month high on Friday amid piling up favorable fundamentals, narrowing the spread to Brent and closing in to parity. On the New York Mercantile Exchange, WTI crude for September delivery traded at $108.09 a barrel at 14:41 GMT, up 0.26% on the day. Prices held in range between a […]
Read moreJuly 19, 2013 1:10 pm
Soft futures surged on Friday with arabica rebounding after yesterdays plunge and cocoa hit an eight-month high in London. On the ICE Futures U.S. exchange, arabica coffee for September delivery traded at $1.2885 a pound at 13:08 GMT, up 0.90% on the day. Prices held in a range between days high and low of $1.2963 […]
Read moreJuly 19, 2013 11:53 am
Copper swung between gains and losses on Friday as grim demand prospects in Europe and China limited gains amid positive economic data from the U.S. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.147 a pound at 11:57 GMT, up 0.49% on the day. Prices fluctuated […]
Read moreJuly 19, 2013 9:20 am
Grain futures were mixed on Friday with corn extending losses amid favorable weather conditions that should boost crop developing, while wheat and soybeans advanced. On the Chicago Board of Trade, corn futures for September delivery traded at $5.3838 a bushel at 9:16 GMT, down 0.41% on the day. Prices held in range between days high […]
Read moreJuly 19, 2013 8:31 am
Gold rose on Friday and extended yesterdays gains as prices, which retreated from a three-week high, spurred speculation physical demand may increase. The precious metal was also supported by a weaker dollar following Bernankes testimony. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 286.65 an […]
Read moreJuly 19, 2013 7:09 am
WTI eased from Thursdays 16-month high but remained steady during early European trading as stable economic recovery signs in the U.S. boosted demand prospects in the worlds top consumer, while crude stockpiles fell for a third straight week. Brent also stood firm. On the New York Mercantile Exchange, WTI crude for September delivery traded at […]
Read moreJuly 18, 2013 3:04 pm
Natural gas rose more than 4% in early U.S. Trading after the Energy Information Administration said in its weekly report that U.S. natural gas stockpiles rose below expectations last week. On the New York Mercantile Exchange, natural gas for August delivery surged to $3.790 per million British thermal units at 14:57 GMT, up 4.42% on […]
Read moreJuly 18, 2013 2:27 pm
West Texas Intermediate surged above the $107 mark during the early U.S. session as the Labor Department reported a drop in people who filed for unemployment benefits, indicating economic recovery. The Philadelphia Fed Index also surpassed expectations. On the New York Mercantile Exchange, WTI crude for September delivery traded at $107.26 a barrel at 14:12 […]
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