Americas
Thursday, 30 May 2013 02:24
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NEW YORK: US natural gas futures slid less than 1 percent on Wednesday, extending losses for the third straight session as the June contract expired."Natural gas has extended its recent decline, with long liquidation out of the expiring June futures contract still playing a role," said Citi Futures energy analyst Tim Evans.While above-normal temperatures remained on tap for most of the nation for the next two weeks, traders said the weather might not be hot enough to spark heavy cooling loads yet.Front-month June natural gas futures on the New York Mercantile Exchange slid 2.6 cents, or 0.62 percent, to expire at $4.148 per million British thermal units, after trading between $4.071 and $4.179.The nearby contract hit a one-month low of $3.883 on May 9 after climbing to a 21-month high of $4.444 on May 1.Other months ended lower as well, with the July contract losing 4 cents to settle at ...
NEW YORK: Oil futures lost nearly 2 percent on Wednesday, in part due to losses in US equity markets on worries the Federal Reserve could phase out its stimulus program.US equity markets fell broadly on Wednesday, at one point losing more than 1 percent, in a sharp retreat from recent record levels. The drop followed a sudden move in US Treasuries on expectations that the Fed will begin to pare its monetary stimulus as the ...
NEW YORK: Oil prices slid their most in a month on Wednesday, falling with Wall Street stocks on worries the Federal Reserve could phase out its stimulus, while copper came under pressure from the imminent restart of the second-largest mine for the metal.Soybeans fell, cutting short the previous session's rally, on news that top buyer China had canceled a large order for US soy.Gold ticked higher after losses in the dollar. Arabica coffee consolidated above ...
NEW YORK: Oil prices tanked Wednesday after 2013 growth forecasts were cut for the global economy and for China, stoking concerns about energy demand.New York's main contract, West Texas Intermediate light sweet crude for July, closed at $93.13 a barrel, down a hefty $1.88 from Tuesday.Brent North Sea crude for delivery in July dropped $1.80 to $102.43 a barrel in London trade.Sentiment took a hit after the OECD lowered its global growth forecast to 3.1 ...
NEW YORK: Global oil prices rallied Tuesday, supported by data showing an encouraging surge in US consumer confidence and home prices as markets reopened after a long holiday weekend.New York's main contract, West Texas Intermediate light sweet crude for July delivery, closed at $95.01 a barrel, up 86 cents from Friday.In London trade, Brent North Sea crude for delivery in July jumped to $104.23 a barrel, a hefty gain of $1.61 from Monday's electronic trading ...
NEW YORK: US natural gas futures slid about 2 percent early on Tuesday, extending Friday's losses after the long Memorial Day holiday weekend.Traders said fairly mild weather expected for the next two weeks and expectations for another above-average inventory injection were weighing on prices despite the return of weekday industrial demand following the holiday.As of 9:42 a.m. EDT (1342 GMT), front-month June natural gas futures on the New York Mercantile Exchange were at $4.157 per ...
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