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New York (awp/afp) – oil prices opened down Wednesday in New York, in a market on guard before the release of weekly inventory of black gold to the United States and a speech eagerly awaited by the boss of the U.S. Federal Reserve (Fed), Ben Bernanke. To 13 H 10 GMT (15:10 CET), a barrel [...]
Continue Reading →Natural gas futures advanced to the highest settlement price in almost three weeks on forecasts for above-normal temperatures that would boost demand for the power-plant fuel to run air conditioners. Gas gained 0.9 percent after Commodity Weather Group LLC in Bethesda, Maryland, predicted warmer-than-average weather in the Northeast and Great Lakes region through May 24. [...]
Continue Reading →Natural gas soars as gas exports are probably going to happen a lot faster than many thought and pain at the pump is back as refinery woes mess up the trend of lower prices. On Friday, Reuters News reported “The Obama administration opened the door to a new era of U.S. energy exports on Friday, [...]
Continue Reading →SAN FRANCISCO (MarketWatch) — Oil futures rose on Monday, buoyed by weakness in the U.S. dollar and optimism about the outlook for energy demand. Crude oil for June delivery gained 69 cents to end at $96.71 a barrel on the New York Mercantile Exchange. The contract on Friday rose 86 cents to $96.02 a barrel [...]
Continue Reading →Debby Hallett of Arthur Bell CPAs on Performance Reporting for CTAs & Managed Accounts Debby Hallett is director of performance analysis for Arthur Bell Certified Public Accountants, a firm specializing in audit, tax, accounting, and advisory services for the alternative investment sector. Hallett, a licensed CPA, focuses on CTA and fund manager reporting procedures. She [...]
Continue Reading →Natural gas futures rose to a two-week high in New York on forecasts for a heat wave to spread across the U.S., boosting cooling demand. Temperatures in central and mid-Atlantic states will be higher than average through May 20, Commodity Weather Group LLC in Bethesda, Maryland, said today in a note to clients.Cincinnati will reach 93 degrees [...]
Continue Reading →Once upon a time the fossil fuel capital of the world was the U.S. — first in Pennsylvania, then in Texas. Then, the center of gravity shifted to the Middle East and beyond. But a new report out today from the International Energy Agency predicts that over the next five years, North America will once [...]
Continue Reading →Natural gas rose in New York from the lowest level in more than a month as weather forecasts for Western heat and Northeastern cold spurred speculation that demand will increase. Futures advanced as much as 1.1 percent after AccuWeather Inc. in State College, Pennsylvania, predicted that Burbank, California, may reach 103 degrees Fahrenheit (39 Celsius), [...]
Continue Reading →Gasoline rose, following West Texas Intermediate crude higher, after an industry report yesterday that oil inventories at the storage hub of Cushing, Oklahoma, declined last week. Futures gained as much as 0.6 percent. WTI rose 0.8 percent and its discount to Brent crude on ICE Futures Europe narrowed to $8.29 a barrel, the lowest level [...]
Continue Reading →Chicago News and Weather | FOX 32 News CHICAGO (FOX 32 News) – Drivers: If it feels like you are paying more at the pump these days, you are right. Chicago’s prices continue to be the highest in the country, and they jumped overnight. The average price per gallon in the city is now $4.67. [...]
Continue Reading →The Fed did not change policy but that did succeed in changing expectations. It is clear that the Fed wanted to clarify their intentions when it comes to an exit strategy for bond buying and instead of moving closer to an exit strategy we may be moving further away. The key to the FOMC was [...]
Continue Reading →– ECB rate cut lifts price temporarily – Strong U.S. weekly jobs figure raises questions on Fed moves – U.S. crude oil stocks highest since 1981 NEW YORK — Crude-oil futures prices posted modest gains Thursday as strong economic signals were partly offset by worries about sluggish demand and high supplies. Traders said prices were [...]
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