Commodity Blog |
| Biggest Weekly Rally of Crude in Three Months Posted: 04 Jan 2013 07:50 PM PST Crude oil rose yesterday, capping the biggest weekly gain in three months. Fuel prices rose as US nonfarm payrolls demonstrated robust growth, while US inventories of crude significantly shrank. US employers added 155,000 jobs in December. That was not a huge increase, but a positive figure still. The unemployment rate stayed unchanged at 7.8 percent. US crude oil stockpiles dropped as much as 11.1 million barrels [...] |
| Corn & Soybeans Drop on Good Weather in South America Posted: 04 Jan 2013 05:29 PM PST Corn and soybeans fell on forecasts that favorable weather will lead to increasing supply from South America. That should diminish prospects for US exports. World Weather Inc. predicted that Brazil will receive rains over the next five days, which will boost crops in the South American country. At the same time, dry weather in Argentina will allow farmers to speed up planting. Grains were also falling [...] |
| You are subscribed to email updates from Commodity Blog To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment