Currently viewing the category: "Broker News Network"

  Cocoa and Ebola with Jack Scoville [PRICE Links Video Series] Recorded on: 9/26/2014 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 [...]

Continue Reading

By Dan Murtaugh and Moming Zhou | BloombergBusinessweek Refinery breakdowns have pushed wholesale gasoline in the Gulf Coast to the highest level since July, halting a drop in pump prices across the U.S. Gasoline in the Gulf, home to more than half of U.S. refining capacity, has jumped 20 cents a gallon in the past [...]

Continue Reading

Knoxville, Tennessee (Platts)–24Sep2014/453 pm EDT/2053 GMT NYMEX October natural gas futures settled 9.5 cents higher at $3.911/MMBtu Wednesday, with analysts pointing to a technical rally spurred on by the possibility of another harsh winter.The prompt month was trading mostly flat through the morning on low volumes until the noon update of a popular weather model [...]

Continue Reading

  A very Special Talk with the Vice President  Obaid Khalifa Al Khaiili Of Abu Dhabi  and OMAR Sheikh the CEO of New York  Synthetics [PRICE Links Video Series] Recorded on: 9/18/2014 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 [...]

Continue Reading

By Moming Zhou | Bloomberg Brent crude fell for a third day on concern slower economic growth in Europe will reduce demand. West Texas Intermediate slid on estimates U.S. crude inventories increased. German business confidence fell more than analysts forecast in September, the Ifo institute’s business climate index showed. The Energy Information Administration may say [...]

Continue Reading

By Moming Zhou | Bloomberg West Texas Intermediate crude advanced after the U.S. and its Arab allies launched a series of airstrikes against Islamic State positions in Syria. The November contract climbed as much as 1.1 percent. Saudi Arabia, Jordan, the United Arab Emirates, Qatar and Bahrain “participated in or supported” strikes against 14 Islamic [...]

Continue Reading

Written by Joseph Nordqvist | Market Business News Oil prices plummeted on Monday as Libya begins production at its largest oil field, restoring production to about 70,000 barrels (twenty percent of its full capacity of 340,000 barrels a day). Light, sweet crude for October delivery declined by 1% (89 cents) to $91.52 per barrel on the [...]

Continue Reading

Wall Street Journal | SNAPSHOT Concerns about China’s growth weighed on U.S. stocks and caused the Australian dollar to hit a seven-month low against the U.S. dollar. Treasurys benefited from the risk aversion. Gold eked out a gain after sliding to an eight-month low. Oil prices declined as Libyan production returned. OPENING CALL Market watchers [...]

Continue Reading

Oil Slips as Libyan Production Returns

On September 23, 2014 - 7:49 AM By

By CHRISTIAN BERTHELSEN | Wall STREET JOPURNAL Oil prices fell Monday after Libya restarted production at its largest oil field, bringing more barrels to a market already brimming with crude and adding to concerns about weak economic growth and demand. Light, sweet crude for October delivery ended the day down 89 cents, or 1%, at [...]

Continue Reading

Why small investors can’t dump Big Oil

On September 22, 2014 - 3:02 PM By

By Jesse Solomon | CNN Money The crusade against climate change has intensified in recent days as protesters take to the streets and wealthy investors like the Rockefellers vow to ditch fossil fuels. But for most of us, “dirty energy” will continue to hold a prominent place in our portfolios, regardless of where we stand [...]

Continue Reading

By Moming Zhou | Bloomberg Brent crude declined for the third time in four days on concern slower growth in China will reduce demand. West Texas Intermediate narrowed its discount to Brent. Growth in the world’s second-largest oil consumer faces downward pressure, China’s Finance Minister Lou Jiwei said at the Group of 20 meeting in [...]

Continue Reading

By Naureen S. Malik | BloomberBusinesweek Natural gas retreated for a third day in New York on speculation that the lack of significant heat or chill will spur fuel stockpiling. Below-normal temperatures on the East Coast over the next five days will give way to unusually warm readings from Sept. 27 through Oct. 7, according [...]

Continue Reading