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Myra P. Saefong | MarketWatch Investor sentiment surrounding commodity prices is at its lowest level in decades—but some analysts believe that a rebound is on tap. “Investor sentiment for commodities has rarely, if ever, been more negative,” said Julian Jessop, an analyst at Capital Economics, in a note Wednesday. But there are “plenty of reasons [...]

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By Kelly Gilblom | BloombergBusiness Natural gas futures gained the most in four days, rebounding from an 11-week low Monday amid a global rout in commodities, as rising temperatures may spur demand from power plants. Temperatures in New York may reach 89 degrees Fahrenheit (32 degrees Celsius) on Saturday, 8 above normal, according to AccuWeather [...]

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NPR’s Ari Shapiro talks with Chicago-based commodities trader Jack Scoville about this wild day for the markets. He says he hasn’t seen anything quite like it in the near 30 years he’s been trading. Listen Here: http://www.npr.org/2015/08/24/434364474/commodities-trader-somewhat-confident-weve-seen-the-worst-of-market-fall?utm_campaign=storyshare&utm_source=twitter.com&utm_medium=social  

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Oil falls below $40 a barrel

On August 24, 2015 - 5:44 PM By

Paul Davidson | USA TODAY U.S. oil prices followed stocks lower Monday, sliding nearly 6% and closing below $40 a barrel for the first time since February 2009. West Texas Intermediate, the U.S. benchmark, slipped $2.21 to close at $38.24 a barrel. Brent, the international benchmark, tumbled 6.1% to settle at $42.69, dropping below $43 [...]

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By Christine Buurma | BloombergBusiness Natural gas futures traded near an 11-week low on forecasts for cooler weather that would limit power demand in the last weeks of summer. Temperatures may be mostly average or below normal in the lower 48 states through Aug. 28, according to Commodity Weather Group LLC in Bethesda, Maryland. The [...]

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By Mark Shenk | BloombergBusiness Oil rebounded in New York on speculation that a government report will show that U.S. crude inventories declined for a fourth week. West Texas Intermediate futures advanced 1.8 percent after closing at a six-year low Monday. U.S. crude stockpiles fell 820,000 barrels last week, according to a Bloomberg survey before [...]

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Myra P. Saefong | MarketWatch U.S. oil futures rebounded a bit on Tuesday from a recent decline, but analysts warned that worries about a global supply glut and a potential slowdown in Chinese demand may help pull prices below $40 a barrel. September WTI crude CLU5, +0.98% tacked on 37 cents, or 0.9%, to $42.23 a barrel on [...]

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By Zlati Meyer, Detroit Free Press | Trouble at Indiana refinery last week means higher prices at the pump. Consumers in Michigan — and throughout the Great Lakes region — can expect to pay higher prices for gas for at least several more weeks. Average gas prices in Detroit have jumped 51.8 cents per gallon [...]

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By Heather Long, KSPR ABC via CNNMoney | Drivers around the world love cheap gas prices, but some top hedge fund managers don’t. They’re losing billions. Carl Icahn and David Einhorn have bet big on energy. It’s been a costly mistake so far. Oil was trading at over $100 a barrel last summer. Now it [...]

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Mark Shenk via Sydney Morning Herald | Oil closed at the lowest level in more than six years in New York amid speculation that demand may slip as economies slow, and Iran said OPEC output may climb to a record.
West Texas Intermediate futures fell 1.5 per cent after manufacturing in the New York [...]

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Oil prices continue downward slide

On August 18, 2015 - 7:31 AM By

Channel NewsAsia | Crude oil prices fell on Monday, deepening a long slide as traders expect US production will remain strong, adding to abundant global supplies. Crude oil prices fell on Monday, deepening a long slide as traders expect US production will remain strong, adding to abundant global supplies. US benchmark West Texas Intermediate (WTI) [...]

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By Fox 32 News Chicago with Phil Flynn FOX 32 News Chicago Prices at the pump remain up across the Great Lakes region because of the unexpected, partial shutdown of a large Indiana oil refinery. Dearborn-based AAA Michigan, which surveys prices at 2,800 Michigan gas stations, said Thursday morning the statewide average was about $2.80 [...]

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