Commodities articles

WTI Crude Slips With Brent to Pare Sixth Weekly Advance

West Texas Intermediate crude fell, paring a sixth consecutive weekly gain, on speculation prices have climbed more than justified as the heating season nears its end. Brent also slipped, narrowing a weekly advance. WTI decreased 0.5 percent while diesel futures, a proxy for heating oil, declined for the first time in six days. Supplies of

Corn Drops on Outlook for Bigger Stockpiles; Wheat Falls

Corn futures slid the most in three weeks after the U.S. Department of Agriculture said production in 2014 will reach an all-time high and expand a surplus before next year’s harvest. Wheat fell, and soybeans climbed. Farmers will see corn yields jump 4.1 percent this year, producing a record 13.985 billion bushels, the USDA said

Woodside Petroleum Limited’s juicy 7% dividend yield

Included in Woodside Petroleum Limited’s (ASX: WPL) full-year result was the news that the company had increased its final dividend by 58% to US$1.03 per share. Combined with a special dividend of US$0.63 paid out last May, the company’s full-year dividend comes to a juicy US$2.49 per share – a 92% increase over 2012. Energy

Nickel Set for 3rd Weekly Rise on Indonesia Ore Ban

Nickel headed for a third weekly advance on speculation that a global surplus will shrink amid a ban on exports of unprocessed ore in Indonesia and as U.S. manufacturing beat estimates. The contract for delivery in three months on the London Metal Exchange added 0.3 percent to $14,410 a metric ton at 11:39 a.m. in

WTI Oil Falls From Four-Month High as China Manufacturing Slows

West Texas Intermediate retreated from the highest price since October after a Chinese manufacturing index declined to a seven-month low, signaling demand may slow from the world’s second-biggest oil consumer. Futures dropped as much as 0.3 percent in New York, falling for the first time in three days. The preliminary February reading of 48.3 for

Rubber Bear Market Boosts Bridgestone as Inventory Swells

Rubber’s bear market is poised to deepen as the global supply glut stretches into a fourth year and stockpiles in China swell, cutting costs for tiremakers. Prices today dropped by the most in two weeks in Tokyo. Futures on the Tokyo Commodity Exchange, the international benchmark, will drop as much as 15 percent to 200

Gold Losing Stigma for UBS as Tully Increases 2014 Forecasts

UBS AG boosted forecasts for gold in 2014, citing a change in U.S. investors’ attitudes toward the precious metal that’s rallied this year on increased haven demand and buying from Asian consumers. The one-month forecast was raised to $1,280 an ounce from $1,180, while the three-month outlook was increased to $1,350 from $1,100, analysts Edel