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By Anna Louie Sussman | Reuters | U.S. crude stocks rose unexpectedly last week as refineries cut output, while gasoline and distillate inventories fell, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 1.4 million barrels in the last week, compared with analysts’ expectations for a decrease of 2 million barrels. [...]

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Fox Business News | RBC Wealth Management SVP George Gero, Stifel Nicolaus portfolio manager Chad Morganlander, Phil Flynn and United Advisors chief market strategist Scott Martin discuss gold and the commodities market. Watch the latest video at video.foxbusiness.com http://www.foxbusiness.com/on-air/opening-bell/index.html

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By Anna Louie Sussman | Reuters | NEW YORK, Aug 18 (Reuters) – Brent crude oil sunk by more than $2 a barrel to its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as higher Libyan oil output added to already ample supplies. The [...]

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Global Demand Remains Week Even As Risks From Russia and Iraq Recede By Nicole Friedman | Wall Street Journal NEW YORK—Oil futures bounced higher Friday but held near multimonth lows after concerns about weak demand sent prices tumbling earlier in the week. Both the U.S. and global benchmark contracts are set to post losses for [...]

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Oil prices tumble amid weak economic data

On August 15, 2014 - 9:52 AM By

Channel NewsAsia NEW YORK: Oil prices tumbled on Thursday (Aug 14), with the US benchmark dropping 2.1 per cent, as investors weighed a mounting batch of weak economic data from around the world. The main US futures contract, West Texas Intermediate for September delivery, tumbled US$2.01 (S$2.50) to close at US$95.58 (S$119.11) a barrel, its [...]

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Oil prices sink 2% on growth fears

On August 15, 2014 - 9:49 AM By

The Australian Oil prices have tumbled, with the US benchmark dropping 2.1 per cent, as investors weighed a mounting batch of weak economic data from around the world. The main US futures contract, West Texas Intermediate for September delivery, tumbled $US2.01 on Thursday to close at $US95.58 a barrel, its lowest level since January. European [...]

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By Anna Louie Sussman | Reuters Aug 13 (Reuters) – U.S. crude stocks rose unexpectedly last week as refineries cut output, while gasoline and distillate inventories fell, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 1.4 million barrels in the last week, compared with analysts’ expectations for a decrease of [...]

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XL Pipeline Opposition Increases

On August 13, 2014 - 12:36 PM By

Theran Nicholas | KTRH News Radio A new study claims the Keystone XL Pipeline will increase carbon emissions much more than originally thought. The study comes from the Stockholm Environment Institute and says building the Keystone XL Pipeline will create 121 million tons of carbon dioxide per year.  That number is four times larger than the 30 millions tons [...]

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By Christine Buurma | Bloomberg Natural gas futures traded near $4 for the first time in three weeks as forecasts showed a resurgence of hot weather in the eastern U.S. that would boost power demand. Temperatures may be higher than average on the East Coast, parts of the Gulf Coast and the Great Lakes region [...]

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By Jesse Solomon | CNN Money The drums of war are beating in Iraq, but you wouldn’t know it from looking at oil prices. The average price for a gallon of gas in the U.S. is $3.48. That’s cheaper than it was a year ago, according to AAA. On the global market, the price of [...]

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The Russians Are Coming! With Jack Scoville [PRICE Links Video Series] Recorded on: 8/7/2014 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s top [...]

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US gas prices slip on EIA report

On August 7, 2014 - 3:58 PM By

By Luc Cohen in New York | Financial Times http://www.ft.com/cms/s/0/fd9511e0-1e53-11e4-9513-00144feabdc0.html#ixzz39k45nXAe This could be a problem if there is a late-season heatwave or hurricane in August, or if this coming winter’s temperatures prove comparable to last winter’s, said Phil Flynn, a market analyst at Price Futures group.

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