The Detroit News.
Low oil and natural gas prices are proving to be a short-term ally for environmentalists and consumers but a job killer for the industry as new drilling slows in Michigan. The state is on pace to issue its fewest number of drilling permits in almost 90 years, while the amount of […]
Myra P. Saefong, MarketWatch. Crude-oil futures settled higher Tuesday after a report indicated that Iran has shown willingness to work with other major crude producers to support the market. Prices had been trading lower as optimism for a production freeze faded and expectations of a ramp up in Iraqi and Nigerian production grew, but a […]Continue Reading →
Nicole Friedman, The Wall Street Journal. U.S. oil prices slipped Monday, snapping a seven-session winning streak, on expectations of increased production and a stronger dollar. U.S. crude for September delivery settled down $1.47, or 3%, at $47.05 a barrel on the New York Mercantile Exchange. The September contract expired at settlement Monday. The more-actively traded […]Continue Reading →
Rising US gas exports and increased demand from the power generation sector could drive long-term gas demand and prices higher. Gas prices have received a boost this summer from extreme heat, a surge in power sector demand and small injections into gas storage. But those near-term factors will not be the key factors driving gas […]Continue Reading →
David Wethe and Rachel Adams-Heard (Bloomberg). Shale drillers are adding the most oil rigs since crude was worth $100 a barrel as confidence that OPEC may finally agree to freeze output pushed futures into a bull market. U.S. producers have put 76 oil rigs back to work for eight weeks, the biggest and longest increases […]Continue Reading →
TIMOTHY PUKO, The Wall Street Journal. Natural gas prices rose for the fifth-straight session, boosted by government data that showed a smaller-than-expected increase in stockpiles last week. The U.S. Energy Information Administration said natural-gas stockpiles grew by 22 billion cubic feet last week, compared with the 26 bcf expected by forecasters surveyed by The Wall […]Continue Reading →
Devika Krishna Kumar, Reuters via DailyMail.co.uk. Oil prices rose on Thursday for a sixth straight day, with Brent crude rising above $50 for the first time in six weeks as the world’s biggest producers prepared to discuss a possible freeze in production levels. Brent traded at $50.77 a barrel, a 1.9 percent gain, by 12:32 […]Continue Reading →
Rachel Adams-Heard, Bloomberg via The Washington Post. Oil climbed to a one-month high as the market was bolstered by a weakening dollar and speculation that OPEC talks next month could result in a crude output freeze. Futures added as much as 1.7 percent in New York, after rising 9.7 percent in the past three sessions following […]Continue Reading →
By Myra P. Saefong, MarketWatch. (Via Morningstar) Russia reportedly open to a production pact Oil futures climbed Monday as bets that the prolonged price rout may drive major producers to reconsider a collective production cap lifted prices toward their highest levels in a month. On the New York Mercantile Exchange, September West Texas Intermediate crude […]Continue Reading →
NOV BEANS Nov Beans began the month of August with a 60 cent plummet off benign growing conditions – but have since stabilized with robust exports every day & short covering in front of this Friday’s 8-12-16 USDA Report! Yet even with the late week recovery, the contract lost 28 cent for the week! FACTORS […]Continue Reading →
Jerry Gidel from Price Futures Group talks about what needs to happen in order to achieve an average crop on Market Rally. August 10, 2016 Listen Here: http://bit.ly/2aOz9qe http://www.agweb.com/market-rally/Continue Reading →
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