The market had prophesied a much larger supply recession amid cooling temperatures and snow hitting many US parts. Nevertheless, the unexpected weekly report implied energy demand might not be as intense in the middle of one of the coldest Februarys on record. March natural gas futures fell $0.022. This corresponds to 0.76%, to $2.883 per …
Metals were more vital after yesterday’s unexpected inflation data in the United States. While the title Consumer Price Index increased by 0.3% in January, as was exacted, the underline CPI was low, whereas analysts had foretold a 0.2% gain. The flat inflation reading implies that the US economy needs an extra boost to improve the …
Metals Increase Throughout Thursday`S Quiet Trading Read More »
A lower dollar added to the crop’s substantial rally. Without a meaningful injection of new supply, how much larger can soybean prices go this year? March soybean futures rose $0.185, or 1.33%, to $14.0625 per bushel at 14:12 GMT on Tuesday on the Chicago Board of Trade (CBoT). Soybean prices flatted last week, but they …
Soybean Surpasses $14 Within Bullish Usda Report Read More »
The oil rally was principally a result of the positive market sentiment created by the outlook for fiscal stimulus in the United States and reports regarding covid-19 vaccines’ effectiveness. The optimism damaged the dollar, supporting commodities priced in the US currency. But it seems like the optimism has been declining as traders have been shifting …
Gold prices also served from the harsh tone in the wider financial markets amid a bitter January jobs report. With inflation matters likely to control gold prices for the next couple of weeks, could the yellow metal retest $1,850? April gold futures rose $16.30, or 0.91%, to $1,807.50 an ounce at 15:14 GMT on Friday …
Natural gas prices caught a breather on Wednesday after a meteoric rise earlier in the week. Now that the weekly inventory data is out of the way, investors could be focusing on the weather again. Especially with Arctic temperatures assumed to blanket North America and Europe for the following 14 days. Could this be the …
Natural Gas Posted Modest Gains Matching Estimates Read More »
Crude oil prices are getting support from the most advanced weekly US government inventory report and fiscal stimulus beliefs. With countries globally rolling out their COVID-19 vaccines, investors are confident that global demand will proceed to grow in the months to come. March West Texas Intermediate (WTI) crude oil futures rose $1.03, or 1.88%, to …
Some analysts hypothesized that binding supplies and growing demand in the United States were the cause of crude rally. The USA’s winter fuel demand following New York and the neighboring region got slapped with the most severe snowstorm in recent years. Last week, the Energy Information Administration announced that US inventories of crude oil fell …
March silver futures pinned $2.921, or 10.85%, to $29.835 per ounce at 12:53 GMT on Monday on the New York Mercantile Exchange’s COMEX division. The white metal had sold as high as $30.35 before trimming some of its massive profits. Silver is coming off a weekly gain of approximately 6% and a monthly weight of …
April gold futures raised $21.40, or 1.16%, to $1,859.30 per ounce at 15:48 GMT on Friday on the New York Mercantile Exchange’s COMEX division. Gold will post a weekly advance of 0.2% and a January slip of around 2.2%. Silver, the relative commodity to gold, is rising for the second continuous session. March silver futures …
Gold And Silver Increase on the NYMEX’s COMEX division. Read More »
The most advanced natural gas prices movement has stumped market analysts. They had predicted a descending trend for the energy commodity. This is due to the fact that winter has mostly avoided some of the biggest natural gas consumers this season. March natural gas futures dropped $0.07, or 2.59%, to $2.632 per million British thermal …
Natural Gas Declines On Lower-Than-Expected Supply Drawdown Read More »
It might have been a session of rough trading. However, market analysts consider that crude oil could restart its rally quickly following this week’s supply data and the developing COVID-19 situation in China. March West Texas Intermediate (WTI) crude oil futures fell $0.08, or 0.15%, to $52.53 per barrel at 19:47 GMT on Wednesday. US …
The agricultural commodity had caught a hit on profit-taking and South America’s weather conditions developing to enhance crop yield prospects. However, could soybean prices retest $14? March soybean futures proposed $0.2875, or 2.14%, to $13.7225 per bushel at 15:55 GMT on Tuesday on the Chicago Board of Trade (CBoT). Notwithstanding last week’s slide, soybean prices …
March copper futures fell $0.012, or 0.33%, to $3.614 per pound at 13:49 GMT on Monday on the New York Mercantile Exchange. The red metal is getting off a moderate weekly increase of 0.3%. This increases its growth in the first month of the calendar year to just under 3%. Over the last 12 months, …
Copper Drops As The New Coronavirus Outbreaks In China Read More »
Monday has placed investors in a celebratory mood and supporting them to take riskier moves. Consequently, more risky assets (like crude oil) rallied, while more reliable assets (such as gold) failed. The Asian stocks showed a broad-based rally throughout the Asian trading session on. Market analysts consider, though, that the commodities may still convert their …
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