Copper rose on its last trading day, to pull itself off a near 2-month low, with futures finishing the month off at around $7,720. The last minute recovery was due to a declining dollar, which made copper less expensive for holders of international currencies. For the rest of the month; however, copper fell under pressure [...]
Commodities Closing Prices
August 7, 2012 By
(Aug 7 2012) Equity markets rallied today on optimism that a government plan to purchase bonds in Europe would provide a solution to the region’s debt crisis. Here are the commodities that saw price swings today: Oil Prices Crude oil for September delivery increased 1.3 percent, to $93.36 on the New York Mercantile Exchange, in [...]
Copper a Top Performing Commodity- Positioned for More Gains
July 19, 2012 By
(July 19 2012) So far this year copper prices have gained 2% making it one of the best performing commodities. Despite concerns over the health of the global economy, a tightening supply chain is holding up copper prices. In their second-quarter conference call, Freeport McMoRan Copper and Gold (NYSE:FCX) CEO Richard Adkerson said “The outlook [...]
After Hours Trading Update
June 25, 2012 By
Markets tumbled in today’s regular session, due to pessimism surrounding the outcome of a meeting of European leaders this week. Today’s developments in Europe include Cyprus’ request for aid, Greece’s finance minister’s resignation, and a report by Greek Prime Minister Antonis Samaras will miss the coming European Union summit as he recuperates from eye surgery. Here [...]
Commodity Prices, Resource Stock Movers June 12
June 12, 2012 By
(June 12 2012) While the regular U.S. stock indices ended the session just in positive territory, the commodities indices ended slightly lower, with the Standard & Poor’s GSCI guage of 24 commodities ending the session down 0.2%. Overall, commodity prices were mixed, with energy prices and stocks mostly higher, metals were mostly higher (with copper [...]
After Hours Trading Update
June 6, 2012 By
(June 6 2012) U.S. stock indices continued to climb in after hours trading, following an aggressive rally in the regular session. The Dow and S&P 500 logged their best gains of the year and the DOW turned positive for 2012 on hopes that more stimulus for the global economy is around the corner. Commodities [...]
After Hours Trading Update
June 5, 2012 By
(June 5 2012) U.S. stocks closed slightly higher Tuesday following an upbeat economic report; however, gains were limited by Europe’s ongoing debt problems. The ISM Services index or May rose to 53.7, surprising economists who had forecast the index would fall to 53.1 from April’s 53.5. European and Canadian stocks also finished higher following a [...]