NEW YORK: US crude futures extended losses to more than 6 percent and fell more than $ 3 a barrel on Thursday in the last hour of trading ahead of settlement. Ample global supply and increasing U.S. commercial inventories weighed on prices after expectations for better Read More
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CHICAGO: US soybean futures rose on Thursday on uncertainty over how long the Brazilian trucker strike will continue, which threatens to stall movement of freshly harvested soybeans onto the world market, traders and analysts said. Corn prices were also firm while wheat futures eased, pressured by more reminders that US wheat is less competitive in Read More
New York (AFP) – World oil prices fell sharply Thursday as the market appeared to do a double-take on the US oil inventories report showing US crude stockpiles hit a fresh record. The US benchmark, West Texas Intermediate for April, dived $ 2.82 to close at $ 48.17 a barrel on the New York Mercantile Read More
CHICAGO: US soybean futures fell on Wednesday, weighed by weak cash markets as well as a profit-taking setback after rallying to its highest in more than six weeks on Tuesday. Traders also said that hopes of a settlement to the truckers’ strike in Brazil pressured the Read More
* Initial claims climb in latest week * CPI posts biggest drop since 2008 * Durable goods orders top expectations * Salesforce.com climbs after results, outlook * Futures: Dow off 12 pts, S&P 0.25 pt, Nasdaq up 6 pts (Adds quote, data) By Chuck Mikolajczak NEW YORK, Feb 26 (Reuters) – U.S. stocks were poised Read More
* HP drops in premarket after results, outlook * Day two of Yellen testimony on deck * New home sales data expected at 10 a.m. * Futures off: Dow 2 pts, S&P 2.5 pts, Nasdaq 8.75 pts (Adds quote, Target earnings, updates prices) By Chuck Mikolajczak NEW YORK, Feb 25 (Reuters) – U.S. stocks index Read More
London (AFP) – World oil prices rose Wednesday, but gains were limited before a key report expected to show further build-up in US crude inventories, dealers said. US benchmark West Texas Intermediate (WTI) for April delivery rose 10 cents to $ 49.38 a barrel. Brent North Sea crude for April climbed 25 cents to stand Read More
LONDON (ShareCast) – Dow Futures pointed to a broadly flat open on Wall Street as market participants prepare for the second day of Federal Reserve Chair Janet Yellen’s testimony to US lawmakers in Capitol Hill. Both the front month futures contracts for the Dow Jones Industrial Average and S&P500 were indicating a steady start to Read More
* HP drops in premarket after results, outlook * Day two of Yellen testimony on deck * New home sales data expected at 10 a.m. * Futures off: Dow 8 pts, S&P 3.25 pts, Nasdaq 8.25 pts By Chuck Mikolajczak NEW YORK, Feb 25 (Reuters) – U.S. stock indexes were little changed on Wednesday, after Read More
SINGAPORE: US wheat lost more ground on Wednesday, falling for four out of six sessions and to its lowest in three weeks as expectations of bumper global production weighed on the market. Soybean prices slid from Tuesday’s six-week top on hopes that Brazilian authorities would soon Read More