July 4, 2013 7:02 am
West Texas Intermediate traded above $101 on Thursday, holding in tight range as there will be no floor trading in New York due to the Independence Day holiday. Oil prices surged recently as political tension in Egypt threatened to close the Suez Canal and EIAs latest oil reserves report showed an unexpectedly large drop in […]
Read moreJuly 3, 2013 2:59 pm
According to the Energy Information Administrations weekly oil reserves report, U.S. Crude Oil Inventories dropped well above expectations. Gasoline and distillate fuel stockpiles also decreased, rebutting projections. On the New York Mercantile Exchange, WTI crude for August delivery traded at $101.96 a barrel at 14:58 GMT, up 2.37% on the day. Prices ranged between days […]
Read moreJuly 3, 2013 2:27 pm
Gold retained its previous daily gains and advanced further as several key U.S. economic indicators showed controversial readings. Increased physical demand kept supporting prices while concern of an earlier-than-expected Quantitative Easing deceleration still weighed. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 257.85 per troy […]
Read moreJuly 3, 2013 12:54 pm
Soft futures were mixed on Wednesday with coffee marking daily losses, while cotton and sugar remained fairly unchanged near their previous close and cocoa advanced amid speculation over crop delays. On the NYSE LIFFE cocoa futures for July delivery traded at $1 475 a ton, up 1.65% on the day. Prices ranged between days high […]
Read moreJuly 3, 2013 11:30 am
Copper rose on Wednesday amid concern over physical supply as output in recent months was interrupted. However, gains were limited by Feds monetary stimulus outlook prior to key U.S. economic data, scheduled for today. Another bit of negative China data also weighed on prices. On the Comex division of the New York Mercantile Exchange, copper […]
Read moreJuly 3, 2013 9:19 am
Grain futures traded higher on Wednesday as speculations arose that low prices will encourage importers to fill in stockpiles. Egypt purchased a large quantity of wheat yesterday, while China expects a shipment of corn. On the Chicago Mercantile Exchange, wheat futures for September delivery marked a new days high at $6.6988 a bushel at 9:12 […]
Read moreJuly 3, 2013 8:04 am
Gold swung between gains and losses on Wednesday as prices drew support by increased physical demand. However, expectations of positive readings of this weeks key U.S. economic indicators spurred concern over an earlier deceleration of Feds monetary stimulus. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at […]
Read moreJuly 3, 2013 7:11 am
WTI crude rose for a third consecutive day as tension in Egypt continued to threaten Middle East oil supply and APIs weekly crude inventories report showed a higher than expected drop in inventories. On the New York Mercantile Exchange, WTI for August delivery traded at $101.26 per barrel at 7:06 GMT, up 1.67% on the […]
Read moreJuly 2, 2013 2:52 pm
Gold erased previous gains during the day as concerns over financial problems in Greece and Portugal and political tension in Italy weighed on the Euro, which strengthened the dollar. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1 248.35 per troy ounce, down 0.59% on the […]
Read moreJuly 2, 2013 2:26 pm
Natural gas rose on Tuesday more than 1.5% as weather forecasting models suggested warmer than normal temperatures over the next 5 days across the western parts of the U.S. On the New York Mercantile Exchange, natural gas for August delivery traded at $3.644 per million British thermal units at 14:25 GMT, 1.86% higher on the […]
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