commodities investing information, commodity prices, commodity market news, commodity trading, commodities investing guide
Crude-oil futures rose on the last day of the month as floor trading at the New York Exchanges opened after a two-day closure caused by Hurricane Sandy; however, this was not enough to overshadow an overall poor monthly performance for oil prices. On October 31st, crude oil for December delivery rose 0.7%, to $86.24 a [...]
(Sept 30 2012) Crude-oil dropped 4.4% in September as economic concerns overshadowed escalating concerns that tensions in the Middle East would disrupt supplies. On the last trading day of the month, crude for November delivery added 0.4% to settle at $92.19 a barrel. Despite the monthly price decline oil gained 8.5% in the third quarter, [...]
(Sept 19 2012) URANIUM The price of uranium for immediate delivery has tumbled to $47 per pound, a two year low, as the speed of recovery of the market following the Fukushima disaster is proving to be slower than expected. Some analysts now think that it may take another two-years for the market to recover. Japanese and [...]
(Sept 3 2012) Crude gained almost 10% in August, its third straight monthly gain due to Middle East tensions, a fire at a Venezuelan refinery, problems with output in the north sea and Hurricane Issac in the Gulf Coast. At the end of the month, more upside came from expectations that central banks, both in [...]
(Aug 21 2012) Crude-oil futures for September delivery climbed 1.65 to $97.54 a barrel on the New York Mercantile Exchange Tuesday, on optimism that the European Central Bank will act to combat the euro-zone debt crisis. Oil is trading at its highest since early May. Adding to the upside, was a retreating greenback. The ICE [...]
(June 6 2012) GEONomic Investing. A triple-digit advance by the Dow Jones Industrial Average ignited generous gains in the energy sector on Wednesday, U.S. stocks posted their best day of 2012 as traders speculated central banks may soon provide additional stimulus to keep the global economy from sliding into recession. Energy stocks led all 10 [...]
(May 14 2012) GEOnomic Investing. Oil futures ended at almost a five-month low on Monday as fears that Greece’s inability to appoint a government would result in the break-up of the euro zone. Crude oil for June delivery fell 1.4%, to end the day at $94.78 a barrel on the New York Mercantile Exchange, the [...]
(April 18 2012, 4:05 EST) Exclusive to GEOnomic Investing News- Here is a list of the some of the most influential commodity market developments this week: SUGAR NEWS The U.S. Department of Agriculture increased the fiscal year 2012 raw sugar tariff-rate quota by 420,000 tons Wednesday. The overall FY2012 raw sugar TRQ is now 1,651,497 [...]
The energy market had a mixed month, this January. Growing Tensions in Iran played some influence on the uranium and oil markets; however, economic uncertainty was the major news maker. Investors paid particular attention to Europe, and the ongoing debt saga; while keeping a close eye on economic data in both the United States and [...]