By Laura Blewitt | BloombergBusiness | Drivers in Chicago and other parts of the Midwest may see gasoline prices at the pump fall to 99 cents a gallon as regional stockpiles swell. Average Illinois retail gasoline prices have dropped 34 percent in the past year to $1.57 a gallon, while Oklahoma motorists can fill up […]Continue Reading →
By Reuters via Upstream | Global oil markets fell 3% to settle down for a third straight day on Monday on worries that US crude stockpiles had reached new record highs, while a Saudi-Venezuela meeting to boost prices showed little progress.
Oil was also hurt by tumbling US equity markets amid persistent fears about […]
By Mark Shenk | BloombergBusiness | Oil traded near $32 a barrel in New York as the highest U.S. supplies in more than 80 years weighed down optimism over a weakening U.S. dollar’s ability to bolster demand for commodities. West Texas Intermediate crude fluctuated after Wednesday’s 8 percent gain. The Bloomberg Dollar Spot Index, which tracks the […]Continue Reading →
By NICOLE FRIEDMAN, GEORGI KANTCHEV and JENNY W. HSU | Wall Street Journal | Investors also betting cold weather on both sides of Atlantic will improve demand. Oil prices rallied above $31 a barrel on Friday as investors hunted for bargains after a volatile week and bet that fresh stimulus measures by major central banks […]Continue Reading →
By Myra P. Saefong | MarketWatch via Morningstar | Oil futures traded sharply lower on Wednesday, as a fresh slide in the global financial markets and continued concerns about the glut of crude pushed the February West Texas Intermediate crude contract below $27 a barrel ahead of its expiration. The International Energy Agency said in […]Continue Reading →
Fox Business | Price Futures Group’s Phil Flynn, Recon Capital Partners CIO Kevin Kelly, Maverick PAC Co-Chair Morgan Ortagus and SkyBridge Capital Founder Anthony Scaramucci on the state of the oil market. Watch the latest video at video.foxbusiness.com http://video.foxbusiness.com/v/4698341329001/concerns-about-global-economy-driving-oil-prices-down/?playlist_id=3166411554001#sp=show-clipsContinue Reading →
The Wall Street Journal The price of crude oil fell to the lowest level since 2004. Phil Flynn, on reasons for continued turmoil in the oil patch, and whether prices have further to fall. http://www.wsj.com/podcasts/oil-prices-fall-to-11-year-low-more-pain-ahead/04E4BCEE-3EB1-4FB7-9B00-5D9E78B48731.htmlContinue Reading →
By Victoria Craig | Fox Business U.S. equity markets trimmed steep losses from earlier in the session Wednesday after Chinese data delivered yet another blow to global markets, and oil prices plunged. As of 11:40 a.m. ET, the Dow Jones Industrial Average dropped 161 points, or 0.95% to 16995. The S&P 500 shed 15 points, […]Continue Reading →
By Christine Buurma | BloombergBusiness Wintry weather has descended on the eastern U.S., driving natural gas bears into hibernation. Money managers cut their net-short position in gas contracts by 17 percent to 101,695 in the week ended Dec. 29, the biggest percentage drop in seven weeks. Bearish bets fell 5.5 percent, while long wagers were […]Continue Reading →
FoxBusiness via REuters Oil prices slid on Monday in volatile trade that saw an early rally of more than 4 percent on tensions in the Middle East until those gains were erased on worries about a slowing global economic growth and sliding stock markets. Data showing an inventory build at the Cushing, Oklahoma delivery hub […]Continue Reading →
By Philip van Doorn | MarketWatch Is it different this time? That’s the big question for investors looking to make a lot of money on a rebound of oil prices that could manifest, in a major way, during 2016. Sound familiar? If you had followed the advice of Wall Street analysts in January and bought […]Continue Reading →
Forbes via Kitco News Gold futures remain in a narrow range but nevertheless have inched down to their lowest level in more than a week largely due to weakness in crude oil futures and also as the dollar index edges higher, analysts said. As of 7:56 a.m. EST, Comex February gold was 80 cents softer […]Continue Reading →
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