Currently viewing the tag: "Energies"

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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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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Just when you thought it was safe to go back in the water digesting the Fed’s announcement of a halt of quantitative easy the Bank of Japan decides to increase QE   to the tune of 80 Trillion JPY. Whew! This just goes to show the global economy is not on the same page and there [...]

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Financials: Dec. Bonds are currently 14 lower at 141’04, 10 Yr. Notes 6 lower at 126’14 and 5 Yr. Notes down 3 at 119’16. Early this morning the Bank of Japan announced it would increase it’s Bond purchases by more than the equivalent of 780 billion dollars (quantitative easing) in an effort to stimulate their [...]

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Who dares enter the long side of the energy complex? Boo…. It’s close to midnight and Japan starts printing yen in the dark.  Under the moonlight, the yen drops, as its Central bank gave us a shock.You try to scream, but the stocks take off before you can trade it.  You start to freeze, as [...]

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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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In the overnight electronic session the December Corn is currently trading higher and making new highs at 379 ¾ which is 4 ½ cents higher. The trading range has been 379 ¾ to 374 ¾ so far. Temperatures, weather and yields are the main focus as South America’s dry weather and a slow harvest is [...]

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The Federal Reserve with its historic ending of quantitative easing seemed almost hawkish and perhaps a bit oblivious to the impact that the ending of QE might have on the Europe and the rest of the world. The Feds changing the wording about employment, one of the main criteria for raising interest rates, sent the dollar [...]

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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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In the overnight electronic session the December Corn is currently trading at 367 ½ which is 3 cents higher. The trading range has been 369 to 362 ½ so far. Dry weather in South America enticing more orders to our market, slower harvest than anticipated and yields now coming into question are driving the bears [...]

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