Despite a lackluster performance on the last day of the month, commodities edged higher for the month of January. While the Thomson Reuters-Jefferies CRB index, settled down 0.25% Thursday, it rose 3% in January, its biggest gain since August 2011. Commodity Price Gainers 1. Cotton Cotton added over 10% in the month boosted by speculative [...]
July Oil Prices Recap
August 2, 2012 By
(Aug 2 2o12) Despite a relatively rough month in the commodities markets in general, oil prices managed to close higher. It was not a smooth ride, however; as disappointing macroeconomic data caused oil to go on some steep price corrections. One of oil’s biggest slides was at the end of the month when soubts about [...]
Monthly Recap: June Oil Prices
July 3, 2012 By
(July 3, 2012) It was a volatile month for crude oil, which plunged to multi-month lows, and also snapped back with aggressive rallies. On the last trading day of the month, oil futures surged 9.4%, their strongest rally in more than three years after European leaders came to agreement on a strategy to combat the [...]
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 [...]
BREAKING NEWS: Natural Gas Surging
May 15, 2012 By
Natural gas prices are leading the charge this morning, United States Natural Gas (NYSE:UNG), an ETF tracking the nat gas futures market, is up 2.4% in early trading. June natural gas up 2.1% at $2.48/mln Btus, making it the top commodity gainer, so far. After plummeting to over a four-month low, oil futures are also up, [...]
Oil Prices Advance before U.S. Weekly Oil Data
April 17, 2012 By
April 17 2012- Exclusive to GeoNomic Investing: U.S. crude oil futures ended 1.2% higher today, at $104.20 a barrel, and light, sweet crude for May delivery on the New York Mercantile Exchange settled up $1.27 a barrel, at $104.20 a barrel, the highest price since April 2. ICE North Sea Brent settled 10 cents higher, [...]
Commodities Market Mid-Week Recap
March 15, 2012 By
Here is a snap-shot of the biggest news affecting the soft commodities, the metals, the energy sector and mining stocks so far this week Soft Commodities News Overall, soft commodity prices have taken a breather this week; however, the recent data from The Commodities Futures Trading Commission suggests money managers are still bullish on price [...]
Commodity Market News Mid-Week Recap
February 8, 2012 By
A GeoNomic Investing Exclusive. So far this week, commodity prices have been feeling the fall-out the ongoing debt saga in Greece. The precious metals, due to their use as a safe-haven investment, have felt the brunt of this crisis. Gold prices have been particularly volatile, first gold futures rallied, but then fell, feeling the pressure [...]