Commodity and currency markets typically waver a modest amount due to a number of different factors, regularly seeing online trading values move up or down with the release of new information. Most recently, a report on the U.S. employment situation had an affect on the price of gold and the strength of the dollar, seeing the two move in opposite directions. Read more
Natural gas futures were seen trading lower, falling the most in ten weeks after government report from the Energy Information Administration showed that natural gas stockpiles in the US climbed.
Natural gas futures for June delivery slid 0.52% lower at $4.565 per million British thermal units on the New York Mercantile Exchange at time of writing, marking the lowest since April 16 and the biggest one-day fall for a month contract since Feb 26. Futures for the commodity climbed to a weekly high of $4.809 Mmbtu on Wednesday. Read more
The Oil market continues to trade highly volatile on Wednesday, as the WTI crude was seen trading lower for the second day in a row, while Brent dropped for third day. Investors are keeping focused on the FOMC minutes from the latest meeting to get possible hints on the Central Bank’s next step towards the scaling back of its stimulus program.
The North American crude edged 0.49% lower at $104.6 a barrel on New York’s NYMEX.
Brent Crude retreated for a third session and remained below the $110-level, falling 0.61% lower to $109.46 a barrel after its one week low ended Tuesday. Read more
Oil is one of the most important commodities being traded today. It has been used since the ancient times but the invention of the internal combustion engine as well as the growth of the automobile industry realized its value rise. Eventually, people found a way to extract the oil at a viable rate and as a result, the market grew and encouraged investors and traders to speculate on oil prices. Today, oil offers itself as a profitable capital market which traders invest with. Read more
The Department of Energy in Washington D.C. stated that the US met 83% of its energy needs in the first half of this year. The International Energy Agency believes that the US is on course to become almost self reliant or even a net exporter. Read more