 |
Crude oil rises above $74 on strong US equitiesSep 09, 2010 Brent premium to US crude touches highest since mid-May
LONDON: Oil rebounded on Wednesday, reversing losses earlier in the day, after US equities rose. Traders attributed oil's boost as Wall Street opened to the strong correlation for much of this year between oil prices and equities, saying they are both asset classes that rise when risk appetite increases on hopes of economic recovery. ... |
|
|
 |
Gold nears record as econ bears circle mktsSep 09, 2010 LONDON: Gold rose for a third day on Wednesday to verge on another record high and silver hit a 2-1/2 year peak as the waves of nervousness over the global economy steered investors into perceived safe-haven assets.
Spot gold was bid at $1,257.90 an ounce at 1500 GMT, against $1,253.10 late in New York on Tuesday, having hit a session high of $1,262.25. US gold futures for December delivery rose $0.80 to $1,260.20. ... |
|
|
 |
Arabicas rally to 13-1/4-yr peak, sugar surgesSep 09, 2010 LONDON: ICE coffee futures rallied to a 13-1/4 year high on Wednesday and were within sight of the psychological $2 a lb, while raw sugar touched a fresh six-month top, supported by tight supplies, and cocoa eased.
ICE second-month coffee futures erased gains to stand up 1.0 cent at 193.90 cents a lb at 1502 GMT, having earlier touched a peak of 198.65 cents a lb. Nestor Osorio, Executive Director of the International Coffee Organization (ISO), said in a monthly letter that the current behaviour of prices reflects uncertainties concerning short-term coffee supplies despite a large crop seen in Brazil. ... |
|
|
|
|
Palm oil hits 3-wk high on demand hopesSep 09, 2010 KUALA LUMPUR: Malaysian crude palm oil futures hit fresh three-week highs on Wednesday as traders bet on a recovery in exports this month even as news of China buying rival soyoil prompted some pullback.
Palm oil exports from Malaysia declined up to 17 per cent in August, and some traders expect a rebound next month as the world's top two buyers, India and China, get ready for a string of festivals in October and November. ... |
|
|
|
|
Indian wheat slightly lower on bumper cropSep 09, 2010 MUMBAI: India's wheat futures ended slightly lower on Wednesday on bumper output and domestic stock release plan, but positive sentiment from hopes that the government may allow exports of the food grain limited losses, analysts said. ... |
|
|
| 1 2 |