Thursday, March 1, 2012



The Standard & Poor's GSCI Index of 24 commodities rose by 1.4 per cent in cash at $ 713.18 at 15:48 clock in New York, led by higher crude oil.
The UBS Bloomberg CMCI Index of 26 prices rose by 0.6 percent to 1,656.19.
CRUDE OIL
Crude oil prices hit $ 110 a barrel after a report of an explosion on an oil pipeline in Saudi Arabia.


The report of the explosion, which appeared in the English-language sites in the Middle East, said the rise in oil prices after 14.30 clocks, said John Kilduff, with the new Capital LLC. New York, joins the hedge fund that focuses on energy.
The New York Mercantile Exchange crude oil rose by 1.7 percent for April delivery at $ 108.84 per barrel. The price was $ 110.55 in extended trading after the settlement.
Brent rose in April by 2.9 percent to 126.10 dollars per barrel on the solution to London's ICE Futures Europe.
Vital Group tried to buy the crude from the forties North Sea, without success, even after increasing its offer for the highest price in almost five months. OAO Lukoil sells Russian Urals blend in northwest Europe at a lower price.
Bharat Petroleum Corp., The second largest refinery in the state of India, bought 2 million barrels of crude from Nigeria to chargeMorgan Stanley in April through a tender, said four traders who asked not to be identified because they are not allowed to speak to the media.

PETROLEUM PRODUCTS
Gasoline rose to a maximum of nine months as oil rose after the U. S. Has increased warnings to Iran over its nuclear program.
On the Nymex futures rose for the supply of gasoline by 2.9 percent in April to $ 3.3517 per gallon, the highest level since the 10th May
Futures contracts for heating oil supply rose by 2.7 percent in April to $ 3.2753 per gallon.
PRECIOUS METALS
Gold recovered from the largest decline of the year, tracking gains in metals and energy, according to economic reports showed the improved outlook for the U.S.
At the COMEX in New York, for the future delivery of gold rose by 0.6 percent in April to $ 1722.20 an ounce.
Finally, silver for delivery in May rose 2.9 percent to $ 35,661 per ounce.
On the Nymex futures rose 0.5 percent platinum for shipments in April to $ 1701.10 an ounce. Palladium futures for June delivery rose 1.2 percent to $ 716.75 an ounce.
 BASE METALS
Copper rose echoes of the largest drop in more than a week, has a stronger growth in the manufacturing industry in China strengthened the demand outlook.
On the Comex copper futures markets for delivery in May rose by 1.3 percent to $ 3.9315 per pound. Prices fell by 1.1 percent yesterday, the most since 17 February.
On the London Metal Exchange copper for delivery in three months rose by 1.5 percent to $ 8,629 per ton (3.91 dollars per pound).
Zinc fell in London, while the aluminum, lead, nickel and tin advanced.
Cereals, oilseeds
Soybeans rose, capping the biggest increase since July, when drought returns to the court in South America and the prospects for U.S. exports.
The Chicago Board of Trade soybean futures for May delivery rose 0.2 percent to $ 13,225 a bushel. The price rose for the ninth consecutive session, the strongest increase since mid-July.
Corn futures for May delivery fell 0.6 percent to $ 6.54 per bushel, the first decline in seven sessions. Yesterday, corn was $ 6.615, its highest level since 9 January.
Wheat futures for May delivery fell 0.6 percent to $ 6.64 per bushel, the biggest drop for a most active contract since May 23February. The grain fell by 18 percent in the last 12 months.
CATTLE
Term pigs on speculation U.S. shoppers hit more pork as an alternative is to buy expensive beef.
At the Chicago Mercantile Exchange hog futures rose for the settlement in April by 0.9 percent to 90.2 cents per pound.
Cattle futures for April delivery rose 0.9 percent to $ 1.3095 per pound.
Feeder Cattle futures for March delivery rose 0.9 percent solution of $ 1.58575 per pound. In extended trading after closing the price rose to a record high of $ 1.5925.
NATURAL GAS
Natural gas fell like a government report showed a decline in inventories was lower than expected.
At the NYMEX, gas futures for April delivery fell by 5.9 percent to $ 2,463 per million British thermal units.
British Gas was dropped for a third day, suppressed the biggest drop since January as mild weather driven demand and increased volume of liquefied natural gas terminal fuel.
The contract for the summer, in the six months to April, was trading up 1.8 pence to 58.2 pence per therm at 16:30 clock in London, according to data compiled by Bloomberg corridor. This is equivalent to $ 9.29 per MMBtu. A therm is 100,000 Btu.
Agricultural commodities
Sugar fell to a minimum of one week for signs of plentiful supplies from Brazil, the largest producer in the world.
ICE futures in New York fell, raw sugar for delivery in May by 0.6 percent to 24.85 cents per pound. Earlier, the price touched 24.45 cents, its lowest level for 23 February.
In cocoa, futures for delivery in May rose by 1.4 percent to $ 2.366 per ton.
Finally, Arabica coffee for March delivery fell 0.4 percent to $ 2,041 per pound.
Cotton futures for May delivery fell 0.9 percent to 89.67 cents per pound.
Finally, orange juice for May delivery rose 1.1 percent to $ 1.8775 per pound, increasing the third consecutive year.

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