WTI falls as U.S. government heads for shutdown

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Source: Bloomberg
© Scanpix/AP
West Texas Intermediate oil decreased earlier on Monday trading session to its weakest level since July 5 amid speculations that demand for the commodity will shrink as the U.S. government is facing its first shutdown in 17 years. WTI futures with delivery in November fell $1.42 to $101.45 a barrel on the NYMEX after it was traded at $101.50 as of 2:49 p.m. in Singapore.

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Mon, 30 Sep 2013 10:34:04 GMT

Soybean falls paring its first quarterly gain in year

Soybean futures slip on Monday reducing its first quarterly increase in a year amid concern that crop inspections may be disrupt by a possible shutdown of the U.S. government, while harvest prospect were boosted by favourable weather. Soybeans for delivery in November slipped 0.8% to $13.09 a bushel on the CBOT and were traded at $13.1075 as of 11:28 a.m.

Mon, 30 Sep 2013 10:02:04 GMT

U.S. government bargains for shutdown at midnight

The U.S. government is bracing for a partial shutdown tonight as no consensus between the House and the Senate was reached over the weekends. Around 800,000 employees may stay home tomorrow, which will lead to increased waiting time for passport renew and liabilities in veterans' disability applications, yet this will not resolve the debt limit being exhausted on October 17. 

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