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By Lynn Doan and Dan Murtaugh | BloombergBusinessweek | For the first time in almost four years, U.S. drivers are paying less than $3 a gallon at the pump. U.S. retail gasoline prices are averaging less than $3 today, AAA said in a statement. The Heathrow, Florida-based motoring group will post the price on its [...]

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By Sam N. Adams | Reuters | NEW YORK, Oct 31 (Reuters) – Oil prices dropped on Friday and were headed toward their fourth consecutive monthly fall as another round of monetary stimulus from Japan pumped up the U.S. dollar and pounded a crude market already suffering from robust supply. Further pressure came from monthly [...]

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  Spooky Grains Back from the Dead With Jack Scoville! [PRICE Links Video] Recorded 10/31/14 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 [...]

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Outage Powers Stocks in ‘Flash Blast’

On October 31, 2014 - 10:32 AM By

By Bradley Hope, Alexandra Scaggs and Dan Strumpf | The Wall Street Journal | U.S. stocks extended their late-October rally, with the Dow Jones Industrial Average rising 221 points Thursday in a session that was marred by a glitch that forced the New York Stock Exchange for the first time to conduct afternoon trading from [...]

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By Michael Pollick | HeraldTribune.com | As his 1994 Ford F-150 slurped up $2.99 a gallon gasoline at a South Sarasota BP station, Frank Stahlak appeared more than a little appreciative. “I have to watch the money,” said Stahlak. “It would be nice if it stays there.” The price of a gallon of regular in [...]

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By Barani Krishnan | Reuters | NEW YORK, Oct 30 (Reuters) – Oil prices closed down 1 percent on Thursday, resuming their downtrend after a two-day climb, as the dollar rallied on bets of a sooner-than-expected U.S. rate hike and traders placed little hope on OPEC cutting output at its November meeting. Both benchmark Brent [...]

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By Jesse Solomon | CNN Money | The price is not right for many oil rich nations. Oil is selling for roughly $83 a barrel on the global market. That’s bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They need the black stuff to trade at far loftier levels in order [...]

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Hellenic Shipping News | OPEC ‘s glory days of steering global oil prices may be at an end. U.S. shale oil will replace the Organization of the Petroleum Exporting Countries as the first-mover “swing producer,” according to a Goldman Sachs report from the weekend-meaning OPEC is losing its power to set global prices for crude. [...]

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By Elizabeth Douglass, InsideClimate News ‘There’s definitely going to be less money flowing into [oil stocks] than we’ve seen in the last couple years,’ says Phil Flynn, senior oil analyst. The recent dive in oil prices is undermining oil company earnings, projects and stock prices—at least for now—giving new ammunition to climate action groups pushing [...]

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  In the Den with Simon Townshend! [PRICE Links Video] Recorded 10/24/14 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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By Moming Zhou | Bloomberg West Texas Intermediate crude fell to the lowest in almost 28 months as Goldman Sachs Group Inc. joined other banks in lowering price forecasts amid concern supplies are outpacing demand. Brent slid for a second day. WTI will trade at $75 a barrel in the first quarter, down from an [...]

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  The Most Important Fuel? Natural Gas with Jim Nolan. [PRICE Links Video] Recorded 10/23/14 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 [...]

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