June 21, 2013 7:22 am
WTI marked strong daily gains during the first days of the week only to crumble on Thursday as Chinas manufacturing disappointed investors and Ben Bernanke announced Quantitative Easing might be tapered by the end of the year, if sustainable growth remains on track. On the New York Mercantile Exchange, WTI crude for August delivery traded […]
Read moreJune 20, 2013 2:44 pm
Natural gas inventories rose generally in line with expectations of 90 billion cubic feet. In the week ending June 14, the Natural Gas Storage Indicator rose by 91 billion cubic feet to 2 438 billion, up from the preceding weeks 2 347. Natural gas stockpiles for the last week were 18.7% below last years reading […]
Read moreJune 20, 2013 2:20 pm
Commodities across the board fell on Thursday as the dollar erased earlier losses during the week and strengthened versus all major counterparts following Bernankes statement on Wednesday. The Standard & Poor’s GSCI Index of 24 raw materials lost 2% today, the biggest intra-day loss since May 10. Meanwhile, further manufacturing slowdown in China was forecast […]
Read moreJune 20, 2013 12:26 pm
Soft futures fell on Thursday, following almost all dollar-priced commodities, as the greenback advanced against all its major counterparts. The dollar index jumped 0.8% and reached a two-week high after Ben Bernanke, Fed chairman, announced that the central banks monetary easing program will probably be scaled back in the second half of the year, if […]
Read moreJune 20, 2013 11:43 am
Grain futures marked considerable daily losses on Thursday as the dollar rose against all of its major counterparts and favorable weather conditions in the U.S. Midwest will allow farmers to finish crop planting, which was delayed by rains. The dollar index rose 0.8% to a two-week high of 82.10 after yesterday Bern Bernanke said it […]
Read moreJune 20, 2013 9:32 am
Silver followed golds direction down the stream and even outperformed its steep decline, falling 7.5% to hit a 33-month low. On the Comex division of the New York Mercantile Exchange, silver futures for July delivery traded at $20.023 an ounce at 9:41 GMT, down 7.40% on the day. The precious metal dropped to $19.890 an […]
Read moreJune 20, 2013 8:54 am
Copper made a deep plunge on Thursday on U.S. and China news. Ben Bernanke announced on Wednesday Feds monetary stimulus will probably be tapered within the second half of the year and Chinas preliminary HSBC PMI hit its lowest level since September. On the Comex division of the New York Mercantile Exchange, copper futures for […]
Read moreJune 20, 2013 8:01 am
Both WTI and Brent crude dropped near 2% on Thursday following an unexpected rise in Crude Oil Inventories and latest Quantitative Easing outlook. On Wednesday, Fed chairman, Ben Bernanke, announced the central banks monetary stimulus might come to an end within a year, if the economys recovery is in line with projections. In addition, partial […]
Read moreJune 20, 2013 7:12 am
Gold continued its steep decline in the early European session after yesterday Ben Bernanke, Fed chairman, announced that the central bank wont scale down its monetary easing program just yet, but that is highly possible to happen within the end of the year, provided the needed stable recovery signs. Also, Fed is likely to end […]
Read moreJune 19, 2013 2:50 pm
The Energy Information Administration said in its weekly report that Crude Oil Inventories rose by 0.313 million barrels as of the week ending June 14. This is above the average range for this time of the year. Gasoline inventories rose by 183 000 barrels last week, also above the average. Distillate fuel inventories dropped by […]
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