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Oil Prices Halt Steep Slide

On October 17, 2014 - 10:10 AM By

By Christian Berthelsen | Wall Street Journal Crude-oil prices arrested their steep slide Friday amid sentiment that the recent selloff was overdone. Light, sweet crude for November delivery was up 94 cents, or 1.1%, to $83.64 a barrel on the New York Mercantile Exchange, after being up as much as 2.1% over Thursday’s close earlier [...]

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Gas Prices Trending Toward $3 Mark [Video]

On October 17, 2014 - 8:33 AM By

CHICAGO (FOX 32 News) – Gas prices are heading down toward the $3 mark. Fox Network business analyst Phil Flynn joined Good Day to talk about this trend. FOX 32 News Chicago http://www.myfoxchicago.com/clip/10707713/gas-prices-trending-toward-3-mark

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By Moming Zhou | U.S. crude oil output is forecast to reach a 45-year high next year, swelling inventories and pushing down forward prices. December 2016 futures for West Texas Intermediate oil became more expensive than December 2015 contracts on Oct. 9 for the first time since 2011. The 2016 futures traded at a premium [...]

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NEW YORK (CNNMoney) | In early March when Russia first sent troops into Ukraine, oil was trading comfortably above $100 per barrel. Now, it’s around $81, a level not seen in three years. That’s a tough pill for Russia to swallow since the country relies heavily on oil revenues to bankroll its budget — over [...]

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New York (Platts) | The oil complex closed down Wednesday, but managed to pare early declines after the dollar weakened on expectations the US Federal Reserve would delay hiking interest rates. Crude futures on both sides of the Atlantic saw prices plunge overnight before recovering slightly in New York trading. Front-month NYMEX crude settled down [...]

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By Jessica Resnick-Ault | NEW YORK, Oct 14 (Reuters) – Oil prices plunged nearly $3 a barrel on Tuesday, on track for the biggest one-day slide in over a year after the West’s energy watchdog cut its estimates for oil demand and U.S. forecasts projected another big bump in shale production. Adding to the bearish [...]

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AGMASTER Report 10/14/14

On October 14, 2014 - 10:46 AM By

Written 10/10/14 NOV BEANS Last week, Nov Beans were unable to extend the “down” off 2 private estimate in excess of 4 BB & a soaring dollar. Then this past Monday, the mkt gained 30 cents off harvest-delaying rain & basically held onto these gains all week until the October Crop Report today at 11am.  [...]

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By William Watts | NEW YORK (MarketWatch) — The collapse in crude-oil prices continued Tuesday, with the U.S. benchmark hitting its lowest level since November 2012 after the International Energy Agency made a further cut to its forecast for demand growth. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November CLX4, -1.71% traded [...]

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  Feeder Frenzy with Jim Saunter! [PRICE Links Video] Recorded 10/13/14 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 analysts that follow [...]

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Knoxville, Tennessee (Platts) | NYMEX November natural gas futures settled 1.4 cents higher at $3.859/MMBtu Friday as the market sought direction amid mild weather forecasts and the aftermath of another strong storage injection. The prompt month traded in a tight, 5.5-cent range as the after-effects of a second triple-digit injection reported Thursday continued to weigh [...]

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By Eric D. Pradas and Dan Murtaugh | Bloomberg | Options traders see a 25 percent chance that West Texas Intermediate crude futures will settle below $77.50 a barrel in mid-December, up from 3 percent at the end of September, according an analysis of options contracts. Implied volatility for January WTI options at that level [...]

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Quartz QZ.com | Global oil prices today fell below $90 a barrel—good news for the global economy at a time of fears of a renewed contraction, but a risk for Saudi Arabia, whose unremitting war for market share is one reason for the plummet. The price of the internationally traded Brent benchmark fell to $89.46 [...]

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