From the daily archives: Monday, December 11, 2017

Brent oil settles at a more than 2-year high

On December 11, 2017 - 5:23 PM By

[Myra P. Saefong & Sarah McFarlane, MarketWatch] WTI crude prices get a boost from demand expectations. Prices for Brent crude, the global benchmark, rallied Monday to their highest settlement since mid-2015 following reports that a major North Sea pipeline will be shut down for weeks to repair a leak. U.S. oil prices, meanwhile, finished at […]

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AgMaster Report 12/11/17

On December 11, 2017 - 2:36 PM By

JAN SOYBEANS Stellar exports & dryness in Argentina & S Brazil drove Jan Beans to 4 ½ month highs early Tues but once again, the mkt failed to hold gains over $10 – retreating late week for a 989-weekly close!  While the mkt was only 5 cents lower for the wk, it was a sizeable […]

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[Joseph Woelfel, TheStreet.com] Here are three things you must know at midday on Monday, Dec. 11: 1. — Investors were rattled early Monday after the New York City Police Department confirmed that an explosion at the Port Authority in New York was a “terror-related incident.” But Wall Street proved resilient, with stocks trading higher after a muted start to […]

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[Conrad Doyle, GKMen.com] Stephen Schork, editor at The Schork Report, told CNBC that oil prices will fall to the lower $50s due to “the fact that USA production continues to hit records and a nice build in gasoline”, and that the current high prices for crude are at the top of the market. The data will give traders […]

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While you were watching your weekend football games President Trump’s administration called two lawmakers from the Corn Belt to convince them into joining talks about political changes in the U.S. biofuel program to ease the burden on oil refineries. This s a sign that Trump will mediate the long-running dispute between the U.S. Oil Industry […]

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Oil prices look like they are waiting around for Christmas to make a decisive move but really, they are just waiting for oil inventories and the FED. The news seems to suggest overnight that the market is worried about an increase in NON-OPEC production and shale production, but the way things are going on the […]

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