The U.S. Energy Information Administration said U.S. crude stocks jumped by 10.3 million barrels last week, more than double the amount predicted by analysts and the eighth weekly rise in succession. U.S. crude inventories are at a record high. Stocks at Cushing, Oklahoma, rose by 536,000 barrels, less than anticipated but still Read More
March 2015
CHICAGO: US wheat futures dropped nearly 2 percent on Monday on poor export demand for US supplies and lessened concerns about damage to the dormant US crop, traders said. Soybeans weakened as worries eased about a truckers’ strike in Brazil slowing shipments of newly harvested supplies Read More
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CHICAGO: US wheat futures dropped 2.5 percent on Monday on poor export demand and lessened concerns about damage to the dormant US crop, traders said. Poor export demand also weighed on soybeans. Traders added that easing worries about a truckers’ strike in Brazil slowing shipments of Read More
The bond market has weakened after strong US jobs data convinced economists American interest rates will rise mid-year. Local futures prices weakened in line with US Treasuries after Labor Department data showed that 295,000 jobs were created in February, which was better than market expectations of 235,000 positions. This saw a sell-off in 10-year Australian Read More
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The U.S. market was also under pressure from a spread play versus Brent as players bet on it to decline further before inventory data issued by the government-run Energy Information Administration on Wednesday. Industry group American Petroleum Institute will run its own stockpile data at 4:30 p.m. EDT (2130 GMT) on Tuesday, ahead of Read More
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On February 9, Singapore Exchange (SGX) launched a new contract – MSCI Malaysia Index Futures and registered first day turnover of US$ 8 million. Trading activity was vibrant and came from diversified international participants such as Credit Suisse and Macquarie. Southeast Asia is one of the most rapidly-growing economic regions in the world. The growth Read More
NEW YORK: A robust US jobs report on Friday (Mar 6) sent the dollar soaring, driving a sell-off in the oil market that left the Dow Futures benchmark back below US$ 50 a barrel. West Texas Intermediate for delivery in April slid US$ 1.15 to US$ 49.61 on the New York Mercantile Exchange, ending near Read More