Energy commodities faced mixed performance on Tuesday

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Source: Dukascopy Bank
Energy markets faced mixed performance on Tuesday despite stronger Asian equities and negative economic data from the US. Investors also await a report on the US oil inventory stockpiles that is expected to indicate a decline. Natural gas was the top loser, dropping 7.24% on the mild weather forecasts in 48 states of the US. Moreover, US official data showed that natural gas production hit a new record of 72.61 billion cubic feet in November. The commodity is expected to remain lower due to lack of fresh stimulus for the price increase.


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Wed, 01 Feb 2012 16:23:37 GMT

Sugar fell despite positive opening on Tuesday

Grain commodities advanced while sugar and coffee futures edged down. Grain commodities continued to drew support from the expected supply cuts in South America after unfavorable weather conditions that harmed the plants. At the same time, coffee was the top loser despite 30 year low Arabica coffee crop in Colombia. Sugar started Tuesday on the opposite note as drought harmed

Wed, 01 Feb 2012 15:41:27 GMT

Base metals dropped on disappoining US data

Industry metals fell on Tuesday as German retail sales dropped and  consumer confidence in the US has worsened. At the same time, LME inventories of base metals faced a decline. Moreover, cancelled warrants for copper and nickel inched up, reflecting stronger spot demand. Aluminium was one of the top losers, falling by 1.8%. Aluminium faced weaker spot demand as cancelled

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