Daily Top Story

WTI Slips for Ninth Day After Supplies Advance at Cushing
Posted 2014-07-09 08:18NAI Editing
West Texas Intermediate crude fell for a ninth day, the longest stretch of decreases since 2009, after supplies rose at Cushing, Oklahoma, the contract’s delivery point.

Gold Shines Again as Hedge Funds Boost Wagers on Advance
Posted 2014-07-08 08:41NAI Editing
Gold is precious again.

Commodities Obsolete in Models Yielding to Fed, ECB
Posted 2014-07-07 08:04NAI Editing
Commodities are getting a demotion from foreign-exchange strategists. Firms from JPMorgan Chase & Co. to Citigroup Inc.

Twilight in the North Sea: The Push to Revive a Fading Oil Source
Posted 2014-07-04 09:46NAI Editing
This former fishing town on Scotland’s east coast likes to boast that it’s the “Energy Capital of Europe.” It’s a claim threatened by mounting challenges in the prolific offshore oil fields of the Nor

WTI Has Longest Drop Since 2012 as Supply Worries Ease
Posted 2014-07-03 07:36NAI Editing
West Texas Intermediate fell for a sixth day, marking its longest retreat in more than two years as easing supply concerns in Iraq and Libya offset the impact of rising U.S.

Assets in SPDR Gold Post Largest Two-Day Increase Since 2011
Posted 2014-07-02 05:26NAI Editing
After shunning gold for more than a year, investors are starting to test the waters as they snap up holdings in the world’s largest bullion exchange-traded product at the fastest pace since 2011.

Daily Iron Ore Mine Closings in China Make Citi Bullish
Posted 2014-06-30 08:00NAI Editing
Iron ore prices, heading for a second straight quarterly loss, will rebound as the daily closure of mines supplying high-cost output in China boosts demand for seaborne shipments, according to Citigro

Brent Set for First Weekly Drop Since Iraq Crisis
Posted 2014-06-27 09:45NAI Editing
Brent headed for the first weekly drop since violence erupted in Iraq amid speculation that oil output would remain safe in OPEC’s second-biggest producer.

Shale Gas Boom Driving Fear From Market
Posted 2014-06-26 08:35NAI Editing
Rising U.S. shale gas production is driving fear out of the futures market, says Goldman Sachs Group Inc., and will constrain prices for the next two decades.

Singapore Seeks Gold-Hub Role With Shanghai as Demand Shifts
Posted 2014-06-25 08:10NAI Editing
Singapore will introduce a physical gold contract this year, while Shanghai starts international bullion trading, highlighting a push in the biggest consuming region to establish new price benchmarks