West Texas Intermediate for March delivery decreased as much as $1.24 to $44.35 a barrel in electronic trading on the New York Mercantile Exchange and was down 57 cents to $45.02 at 12:14 p.m. London time. The contract lost 72
The rouble smashed through resistance to an all-time low of 65.5 to the dollar, falling a jaw-dropping 11%, in a crescendo of selling on Monday, as oil prices continued to slide and markets braced for a likely default in Ukraine.
Brent for January settlement declined $2.88 to $66.19 a barrel on the London-based ICE Futures Europe exchange, the lowest since Sept. 29, 2009. The volume of all futures was 4.9 percent below the 100-day average. WTI for January delivery dropped
Brent and U.S. crude futures both fell more than $1 on Friday after data showing U.S. non-farm payrolls rose by 142,000 in August, well below a forecast 225,000, casting doubt on the pace of growth in the world’s biggest oil-consuming
Palladium for immediate delivery added as much as 0.4 percent to $908.83 an ounce, and traded at $906 by 11:30 a.m. in Singapore, advancing for a fourth day, Bloomberg generic pricing show. The metal climbed to $909.35 on Aug. 29,
Last July, Uralkali quit the cartel it was forming with Belaruskali, and which controlled around 40% of the world’s trade in potash, saying it would seek to maximize its own volumes. It warned that prices could fall as much as
The wheat contract for July delivery rose as much as 1.2 percent to $6.825 a bushel on the Chicago Board of Trade, the biggest intraday increase since May 6, and was at $6.81 on Tuesday in Singapore. Prices rose less
Early April, we reported that HSBC’s James Steel and his team were bullish on palladium prices where global supply is constrained. Steel was expected palladium average prices to reach $825/oz in 2014. This limit was reached last Wednesday and again today.
Nickel outperformed other industrial metals last week, surging 9 per cent for its steepest weekly advance in four years. Prices of the metal used in stainless steel climbed to a two-year high May 9 after the closure of Vale SA’s
On the London Metal Exchange, nickel for delivery in three months jumped 2.2 percent to settle at $17,790 a metric ton. Earlier, the price reached $17,917, the highest since Feb. 19, 2013. The commodity climbed for the 11th straight session,