Currently viewing the category: "Broker News Network"

Falling Gas Prices Impact US Oil Extraction

On November 21, 2014 - 8:36 AM By

Kane Farabaugh | Voice of America CHICAGO— With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. However, the decreasing price of gas has a downside for the hydraulic fracturing industry in the United States. North Dakota’s economy is on [...]

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By Lynn Doan With gasoline prices sinking to under $3 per gallon, Americans traveling by car this holiday season will have plenty of company on the road. Drivers will make up about 89.5 percent of holiday travelers this year, a gain of 0.1 percentage point from 2013, while air passengers will drop by the same [...]

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Oil prices see new lows after 3% slump

On November 13, 2014 - 4:01 PM By

The Daily Telegraph via Dow Jones newswires | US oil prices fell below $US75 a barrel as US production soared to its highest in decades. US oil production rose above 9 million barrels a day in the week ended November 7, the US Energy Information Administration said. On a monthly basis, average production last exceeded [...]

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Congress fast-tracking Keystone Pipeline vote

On November 13, 2014 - 3:09 PM By

FOX Business Contributor Phil Flynn of the PRICE Futures Group says traders are excited and oil prices are lower on the Keystone Pipeline vote news.   http://video.foxbusiness.com/v/3889715879001/congress-fast-tracking-keystone-pipeline-vote/#sp=show-clips Watch the latest video at video.foxbusiness.com

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Sugar rush and silver linings on CNBC

On November 13, 2014 - 1:58 PM By

As seen on CNBC Squawk Box | Sugar prices are rising as production drops in Brazil, and silver drops to four-year lows. Jack Scoville, Price Futures Group, and George Gero, RBC Capital Markets, discuss. Silver has a very good chance of outperforming next year, says Gero. Watch Video: http://video.cnbc.com/gallery/?video=3000329966

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U.S. Oil Prices Drop Below $75 a Barrel

On November 13, 2014 - 1:17 PM By

By Nicole Friedman | Wall Street Journal U.S. oil prices dropped below $75 a barrel for the first time in more than three years Thursday as traders focused on ample global supplies and soaring production. U.S. oil production rose above 9 million barrels a day in the week ended Nov. 7, the U.S. Energy Information [...]

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By Barani Krishnan | Reuters Africa NEW YORK, Nov 12 (Reuters) – Benchmark Brent crude fell below $80 a barrel on Wednesday for the first time since 2010 on technical selling, pressure from a strong dollar and after Saudi Arabia’s oil minister refused to say if the kingdom will support calls from some OPEC members [...]

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By Moming Zhou | Bloomberg Brent crude extended losses below $80 a barrel amid signs that OPEC remains unwilling to reduce output to ease a supply glut. West Texas Intermediate fell to a three-year low after inventory data. Speculation of a price war within OPEC “has no basis in reality,” Saudi Oil Minister Ali Al-Naimi [...]

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Christine Buurma | BloombergBusinessweek Natural gas futures slid for a third day in New York as forecasts showed a polar blast giving way to milder weather later this month. Temperatures may be about 3 degrees Fahrenheit (1.7 Celsius) below normal in the Northeast from Nov. 22 to Nov. 26 as arctic cold fades, according to [...]

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New York (Platts)– ICE December Brent closed down 67 cents to $81.67/barrel as a strong US dollar and continued signs that OPEC members appear unwilling to cut production pushed the benchmark contract to a front-month low not seen since October 2010. NYMEX December crude ended the session up 54 cents to $77.94/b, one day after [...]

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By Mark Shenk | BloombergBusinessweek Brent oil slid to a four-year low amid signs the Organization of Petroleum Exporting Countries isn’t prepared to tackle the global supply glut. West Texas Intermediate crude rose as the dollar fell against the euro. Futures fell 0.8 percent in London while WTI gained 0.7 percent. The oil market is [...]

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Soybean and Soymeal Mania!

On November 11, 2014 - 4:08 PM By

  Soybean and Soymeal Mania! with Jack Scoville! [PRICE Links Video] Recorded 11/11/14 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 [...]

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