crude oil futures brokers

crude oil futures

May 30th, 2014

Crude oil futures headed for the first weekly loss in four weeks as rising inventories signaled ample U.S. supplies. Brent oil slipped as Russia pulled back most of its troops from the border with Ukraine.

WTI fell for a third time this week. Crude stockpiles climbed 1.66 million barrels to 393 million last week, the Energy Information Administration reported yesterday. Russia, the world’s biggest energy exporter, has withdrawn a majority of its military forces from the Ukrainian border, Rear Admiral John Kirby, a Pentagon spokesman, said today.

“The builds in crude inventory are weighing on the market,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. “The market has a hard time attracting fresh buyers with U.S. inventories near record highs. The Russians pulled their troops back and that probably diminished some geopolitical risk.”

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dow jones futures brokers

Dow Jones futures

May 30th, 2014

U.S. stocks fell, after the benchmark Standard & Poor’s 500 Index rose to a record, as a report showed an unexpected decline in consumer spending last month.

The S&P 500 slipped 0.1 percent to 1,918.66 at 9:31 a.m. in New York. Dow Jones Industrial Average contracts lost 18.11 points, or 0.1 percent, to 16,680.63.

The S&P 500 yesterday climbed to its highest level on record, taking its 2014 gains to 3.9 percent. The gauge has rebounded 5.8 percent since a selloff in small-cap and Internet shares spread to the broader market and dragged the gauge to a two-month low in April. It has advanced 1.9 percent in May, heading for its fourth consecutive monthly increase.

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wheat futures

wheat futures prices

May 30th, 2014

Wheat futures fell for an eighth session in Chicago, headed for the biggest monthly drop since 2011, on speculation that crop conditions in the U.S. will improve amid prospects for rain. Corn was little changed.

Thirty percent of the U.S. winter wheat crop was in good or excellent condition as of May 25, improving from 29 percent the prior week, the U.S. Department of Agriculture said in a weekly report. Areas of Texas, Oklahoma and central Kansas, where crops have suffered from drought, saw an inch (2.5 centimeters) of rain or more in the past week, National Weather Service data show. Rain next week may benefit crop development in the central Great Plains, Commodity Weather Group said in a report today.

“The U.S. markets continue to drift as an improving weather outlook keep fund longs in sell mode,” David Sheppard, a managing director at Gainsborough, England-based Gleadell Agriculture Ltd., said in an e-mailed note today. “Winter wheat crop ratings improved slightly on the week and the favorable weather saw U.S. farmers push on with spring plantings.”

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Ninja Futures Platform

On May 29, 2014, in Commodity Futures News Report, by Infinity Trading
Ninja Trading Platform

Ninja Futures Platform

May 29th, 2014

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copper options

copper futures

May 29th, 2014

Copper futures fell from an 11-week high in London on signs of slowing economic growth in China and the U.S., the biggest users of the metal.

U.S. gross domestic product fell at a 1 percent annualized rate in the first quarter, a bigger drop than economists surveyed by Bloomberg projected, government figures showed today. A purchasing managers index due later this week may show little acceleration this month in Chinese manufacturing after the gauge grew less than estimated in April. Copper has lost 6.5 percent this year amid signs of slowing economies.

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unleaded gasoline

gasoline futures

gasoline1gasoline1gasoline1gasoline1gasoline1May 29th, 2014

Gasoline futures climbed in New York after a tornado-damaged Louisiana refinery shut a crude unit and a government report showed U.S. inventories tumbled.

Prices rose as much as 0.8 percent. Marathon Petroleum Corp. (MPC)’s Garyville, Louisiana, plant, the nation’s third-largest, suffered damage to a cooling tower and shut a crude unit following the tornado yesterday. Motor fuel stockpiles dropped 1.8 million barrels to 211.6 million in the week ended May 23, according to Energy Information Administration data released today.

“The Garyville issue is significant because it’s one of the largest refineries in the country and there’s still no indication of how long it’s going to be down,” said Jim Ritterbusch, president of Ritterbusch & Associates LLC in Galena, Illinois. “The market tends to price in a worst-case scenario.”

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corn futures brokers

corn futures trading

May 27th, 2014

Corn futures dropped to the lowest level since March on speculation U.S. farmers accelerated planting last week while rain in the next few days improves prospects for developing crops. Wheat declined to an 11-week low.

About 73 percent of corn in the main U.S. growing areas was planted as of May 18, near the five-year average pace of 76 percent and accelerating after cold weather delayed sowing earlier this year, U.S. Department of Agriculture data show. The USDA is set to update its weekly crop progress report later today. About 30 percent of the U.S. Corn Belt will see favorable rains early this week, QT Weather said in a report.

“Planting might have been late two and three weeks ago, but it is almost certainly back to the five-year average now, and we’d not be surprised to see both corn and soybean planting ahead of schedule,” economist Dennis Gartman said in his daily Gartman Letter. “Over the next few days we shall begin considering just how far down prices can fall.”

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futures trading

commodity futures news

May 26th, 2014

U.S. crude inventories declining from a record before the Memorial Day weekend spurred speculators to increase bullish bets on oil for a second week.

Hedge funds raised their net-long position in benchmark West Texas Intermediate futures by 4.1 percent in the week ended May 20, U.S. Commodity Futures Trading Commission data show. Prices climbed to a one-month high.

Crude supplies fell the most in four months in the week ended May 16, the U.S. Energy Information Administration said. Refineries produced a record amount of gasoline before the holiday, the start of the summer driving season. AAA, the largest U.S. motoring group, expects it to be the busiest weekend since 2005. Today is Memorial Day in the U.S.

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S&P 500 Futures

emini s&p 500 futures

May 22nd, 2014

U.S. stocks rose, sending the Standard & Poor’s 500 Index to near a record, and small-cap shares rebounded as data showing strength in manufacturing boosted confidence in the global economy.

Best Buy Co. and Williams-Sonoma (WSM) Inc. added at least 3.4 percent to pace gains among retailers. An index of homebuilders rallied as sales of previously owned U.S. homes rose in April. Hewlett-Packard Co. dropped 2.3 percent as it reported second-quarter sales that fell short of estimates and announced it is cutting more jobs.

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crude oil investing

crude oil futures

May 22nd, 2014

Crude oil futures dropped from a one-month high as more Americans than projected filed applications for unemployment benefits last week. Brent slid.

WTI fell 0.3 percent after the Labor Department reported jobless claims increased to 326,000 in the week ended May 17, more than the 310,000 median forecast by economists surveyed by Bloomberg. It advanced $1.63 yesterday on a government report that U.S. supplies tumbled as imports dropped. Brent decreased less than WTI on stronger Chinese manufacturing.

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