July 10, 2013 2:53 pm
According to the Energy Information Administrations weekly oil reserves report, U.S. crude oil inventories dropped more than anticipated for a second straight week. Gasoline stockpiles also decreased, against expectations, while distillate fuel inventories gained more than projected. On the New York Mercantile Exchange, WTI crude for August delivery traded at $105.86 per barrel at 14:50 […]
Read moreJuly 10, 2013 2:22 pm
Soft futures were mixed on Wednesday with sugar and coffee marking daily gains while cotton and cocoa declined. On the ICE Futures Exchange, sugar futures for October delivery hit a new days high at $0.1647 a pound at 13:51 GMT, up 0.73% on the day. Days low stood at $0.1625 a pound. The sweetener advanced […]
Read moreJuly 10, 2013 10:49 am
Copper gained on Wednesday despite negative economic data from China as imports in the Asian country reached a nine-month high, indicating a steady demand. On the Comex division of the New York Mercantile Exchange, copper for September delivery traded at $3.077 a pound at 10:40 GMT, marking a 0.42% daily gain. Prices ranged between days […]
Read moreJuly 10, 2013 10:05 am
Corn gained on Wednesday, extending Tuesdays biggest gain in 10 weeks as analysts expected the U.S. Department of Agriculture to trim its U.S. crop outlook. Wheat and soybeans marked minor daily gains. On the Chicago Board of Trade, corn futures for September delivery traded at $5.5425 a bushel at 10:00 GMT, up 0.48% on the […]
Read moreJuly 10, 2013 8:21 am
Gold steadied near one-week high during early European trading after dropping in the Asian session on weak economic data from China. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 253.95 per troy ounce at 8:15 GMT, up 0.65% on the day. Prices held in range […]
Read moreJuly 10, 2013 7:13 am
West Texas Intermediate crude rose to a fresh 14-month high of $104.74 per barrel during Asian trading as the American Petroleum Institute said in its weekly report that U.S. oil reserves dropped more than expected for a second straight week, offsetting IMFs trimmed global growth forecast from yesterday. Violent clashes between supporters of Egypts ex-president […]
Read moreJuly 9, 2013 3:00 pm
Oil fell during the late European and early American sessions as the dollar edged higher and the dollar index marked a fresh three-year high. The U.S. currency tends to trade inversely to raw materials. Strengthening of the greenback reduces commodities appeal as an alternative investment and makes them more expensive for foreign currency holders. On […]
Read moreJuly 9, 2013 1:16 pm
Soft futures edged higher on Tuesday with sugar and cotton gaining less than 1% on the day, while in London robusta, arabica and cocoa marked moderate gains. On the NYSE LIFFE, robusta coffee for September delivery traded at $1 878 a ton at 13:12 GMT, up 3.07% on the day. The contract hit a 1-month […]
Read moreJuly 9, 2013 10:38 am
Grain futures advanced on Tuesday. Corn extended Mondays gains as analysts expect the USDA to trim its corn output forecast. Meanwhile, Japan is planning to buy more than 26 000 metric tons of U.S. wheat. Soybeans advanced more than 1%. On the Chicago Board of Trade, corn futures for September delivery traded at $5.4163 a […]
Read moreJuly 9, 2013 8:59 am
Copper dropped on Tuesday after Chinas National Bureau of Statistics reported the countrys Producer Price Index dropped more than expected in June, marking the worst run since 2002. On the Comex division of the New York Mercantile Exchange, copper futures for September delivery traded at $3.078 a pound, marking a 0.70% daily loss. Prices ranged […]
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