copper futures prices

copper futures prices

January 27, 2015

Copper is headed for the biggest monthly loss since September 2011 amid growing speculation that demand is weakening in China, the world’s biggest metals consumer. Prices declined on Tuesday as durable-goods orders dropped for the fourth consecutive month in the U.S., the second-biggest user.

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Commodity Futures Sink To 12-Year Low

On January 14, 2015, in Commodity Futures News Report, by Infinity Trading
commodity futures

commodity futures

January 14th, 2015

Commodity futures slumped to a 12-year low, led by the biggest plunge in copper since 2011, after a report from the World Bank fanned concerns of a global economic slowdown.

Copper tumbled 5.7 percent to $5,526 a metric ton on the London Metal Exchange as of 12:29 p.m., set for a sixth day of losses. Nickel, zinc and silver erased more than 2 percent. Oil reversed earlier declines, with West Texas Intermediate trading little changed at $45.93 a barrel. The Bloomberg Commodity Index of 22 energy, agriculture and metal products slid 0.8 percent to 100.45, the lowest since 2002.

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gold futures news

gold futures news

January 13th, 2015

Gold futures rose to an 11-week high on speculation that Greece will abandon the euro, boosting the precious metal’s appeal as a haven asset. Silver climbed to a one-month high.

Opinion polls showed Greek Prime Minister Antonis Samara hasn’t narrowed the lead by his top opponent from the Syriza party, boosting concerns that a change in political leadership will spur an exit from the euro area. Gold climbed for the third straight session.

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crude oil futures news

crude oil futures news

January 12th, 2015

Goldman Sachs said U.S. oil prices need to trade near $40 a barrel in the first half of this year to curb shale investments as it gave up on OPEC cutting output to balance the market.

The bank reduced its forecasts for global benchmark crude prices, predicting inventories will increase over the first half of this year, according to an e-mailed report. Excess storage and tanker capacity suggests the market can run a surplus far longer than it has in the past, said Goldman analysts including Jeffrey Currie in New York.

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s&p futures news

s&p futures news

January 9th, 2015

U.S. stocks fell after a two-day rally as energy shares tumbled, American wages fell and concern grew that Europe’s stimulus plan might not be sufficient.

The Standard & Poor’s 500 Index (SPX) fell 0.7 percent to 2,048.40 at 12:06 p.m. in New York. The loss sent the benchmark index (VIX) 0.5 percent lower for the week. The Dow Jones Industrial Average dropped 138.81 points, or 0.8 percent, to 17,769.06. Energy shares retreated 0.9 percent as oil resumed a selloff. Trading in S&P 500 companies was 7.2 percent below the 30-day average for this time of the day.

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Crude oil futures quotes

Crude oil futures quotes

January 6th, 2015

Oil extended losses below $50 a barrel amid speculation that U.S. inventories will expand, deepening a global supply glut that’s driven prices to a five-year low.

Crude Oil futures declined for a fourth day. Stockpiles in the world’s biggest oil consumer probably rose by 700,000 barrels last week, a Bloomberg News survey shows before a government report tomorrow.

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natural gas futures brokers

natural gas futures brokers

January 5th, 2015

Natural gas jumped a second day, extending a rally from a 27-month low as speculation an arctic air blast may boost demand made the fuel today’s biggest commodity gainer.

Futures for February delivery rose as much as 4.4 percent in electronic trading on the New York Mercantile Exchange. Gains were the most in the Bloomberg Commodity Index of 22 raw materials. Temperatures will be 15 to 25 degrees Fahrenheit below average from the Northern Plains to the Upper Great Lakes, the National Weather Service said in an advisory on its website.

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crude oil futures quotes

crude oil futures quotes

January 2nd, 2015

Crude oil dropped to the lowest since May 2009 amid growing supply from Russia and Iraq and signs of manufacturing weakness in Europe and China.

Futures headed for a sixth weekly loss in New York and London. Oil output in Russia and Iraq surged to the highest level in decades in December, according to data from both countries’ governments. Euro-area factory output expanded less than initially estimated in December. A manufacturing gauge in China, the world’s second-largest oil consumer, fell to the weakest level in 18 months, government data showed yesterday.

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