May 20, 2013 10:44 am
Soybean prices are climbing to an eight-week high following concerns over slower than usual soy crop planting. As of last week only 6% of the U.S. crop was planted, well below the 43% planted in the same week last year, according to the U.S. Department of Agriculture. Soybeans futures for July delivery rose 0,2% on […]
Read moreMay 20, 2013 8:48 am
For the first time in 4 days on Monday WTI crude futures traded lower, giving back some of its recent gains. WTI for July delivery lost 0,5% on the day and traded at $95.78 during the European morning session. New York-traded oil prices lost 0,6% earlier in the day and hit a session low. Given […]
Read moreMay 20, 2013 7:46 am
Natural gas futures hit a two-week high on Friday, May 17, following forecasts of above the average temperatures during the next two weeks in the central parts of the United States. When warm weather is expected, natural gas surges as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is […]
Read moreMay 20, 2013 6:51 am
Silver for July delivery plunged 2.1% on Friday and settled at $22.19 a troy ounce for the week, reaching its lowest price since October 5, 2010. Silver for immediate delivery dropped 7% to $20.6985 a troy ounce and its ration to gold rose to 64,89, although gold prices have kept following a bearish trend for […]
Read moreMay 17, 2013 11:40 am
Brent crude rebounded from an early decline and rose above $104 today, heading for a weekly high. Gains however were limited by a weaker demand. Brents price was supported by a rally in refined products, steadier European equities and an Iraqi pipeline shutdown due to a bomb attack. Timothy Evans, energy specialist at Citi Futures […]
Read moreMay 17, 2013 9:43 am
According to a KPMG LLP Global Energy Institute survey of U.S. energy executives natural gas will keep trading below $4 per million British thermal units for the rest of the year. Gas for delivery in June dropped yesterday to $3.932, which is a 12% decrease from the 2013 high on May 1 at $4.444. News […]
Read moreMay 17, 2013 8:44 am
Neste Oil Oyj, Finlands only refiner, joined the side of investigated oil companies by the European Commission. Neste announced it was asked to provide information about potential manipulation of global crude and biofuel markets. Representatives said the company is not a target of the investigation and will cooperate. Statoil ASA, one of the investigated refiners, […]
Read moreMay 17, 2013 7:42 am
According to a Bloomberg survey, 17 out of 26 market analysts predict a bearish trend for the gold with 8 expecting a bullish market and 3 are neutral. After news came out yesterday that George Soros, billionaire investor, joined BlackRock Inc. and Northern Trust Corp. in cutting his holdings in gold backed ETPs on March […]
Read moreMay 17, 2013 6:48 am
WTI crude fell towards $95 a barrel after rising most in a week as the disappointing U.S. data brought back worries over lower demand. Price keeps swinging between gains and losses and further fluctuations are expected today with the upcoming economic data for Canada – CPI and Wholesale Sales. The USD/CAD correlation is strong and […]
Read moreMay 16, 2013 3:03 pm
Natural gas plunged 3% after the U.S. Energy Information Administration recently published data showing U.S. gas reserves increased more than expected. Natural gas storage rose by 99 million cubic feet last week, above the forecast for an increase of 95 billion cubic feet. The five-year average change for the week stood at 69 billion cubic […]
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