June 12, 2013 6:52 am
Oil prices fell for a third day after the American Petroleum Institute reported yesterday U.S. crude reserves increased the most in four years. According to APIs report, U.S. crude stockpiles gained 8.97 billion barrels during the week ending June 7, gasoline inventories jumped 1 million barrels and distillate reserves rose by 199 000. According to […]
Read moreJune 11, 2013 3:23 pm
Natural gas prices fell for a fourth straight day to a thirteen-week low as mild weather forecasts dampened demand expectations. On the New York Mercantile Exchange, natural gas futures for July delivery traded at $3.773 per million British thermal units at 14:44 GMT, down 0.72% on the day. Prices varied between the thirteen-week low of […]
Read moreJune 11, 2013 1:26 pm
Oil prices fell on Tuesday following news that OPEC increased its production pace, while keeping its forecast for global demand. The Organization of Petroleum Exporting Countries increased its output in May by 106 000 barrels to a six-month record level of 30.57 million barrels per day, which is still in line with the groups appointed […]
Read moreJune 11, 2013 12:40 pm
Soft futures were mixed on Tuesday with coffee, cocoa and sugar marking losses on the day, while cotton gained. On the ICE Futures U.S. Exchange, coffee futures for July delivery traded at $1.2743 a pound at 12:13 GMT, down 1.01% on the day. Prices ranged between days low of $1.2723 and high at $1.2898. Coffee […]
Read moreJune 11, 2013 9:44 am
Copper futures plunged to a five-week low on Tuesday as speculations about Feds monetary stimulus direction and weak China economic data weighed on demand for the metal. On the Comex division of the New York Mercantile Exchange, copper futures for July delivery traded at $3.203 a pound at 9:31 GMT, down 1.18% on the day. […]
Read moreJune 11, 2013 8:42 am
Grain futures were mixed on Tuesday as the U.S. Department of Agriculture published its weekly crop progress report yesterday. Wheat traded lower on the day and soybeans marked gains, while corn rebounded after plunging 2.2% yesterday and stood higher as well. On the Chicago Mercantile Exchange, corn futures for July delivery traded at $6.5200 per […]
Read moreJune 11, 2013 7:33 am
Gold fell on Tuesday near two-week low amid speculation of an earlier than projected Quantitative Easing scale back after Standard & Poors improved its assessment for the worlds biggest economy. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery lost 0.65% on the day and stood at $1 376.95 […]
Read moreJune 11, 2013 6:35 am
Oil traded lower on Tuesday as analysts forecast a gain in Crude Oil Inventories ahead of the American Petroleum Institutes report, scheduled for today. API collects information on a voluntary basis from operators of refineries, pipelines and bulk terminals. The Energy Information Administrations more reliable report is due tomorrow at 14:30 GMT. On the New […]
Read moreJune 10, 2013 3:05 pm
West Texas Intermediate was pressured today by negative China economic data that was published during the weekend. Prices found some support by U.S. data on Friday and conflict in Sudan that could cut off crude supply from South Sudan. On the New York Mercantile Exchange, WTI crude for July delivery traded at $95.84 a barrel […]
Read moreJune 10, 2013 1:08 pm
Coffee futures rebounded after dropping earlier as the harvest in Brazil accelerated amid favorable conditions and weaker local currency gave producers competitive advantage on the markets. On the ICE Futures U.S. Exchange, Arabica coffee for July delivery erased earlier losses and traded at $1.2720 a bushel at 13:01 GMT, up 0.61% on the day. Prices […]
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