Currently viewing the tag: "Article"

by CNBC via Reuters Oil turned lower in choppy trading on Thursday after the dollar trimmed early losses and on concerns about ample global supply and demand for petroleum. “The dollar recovered from its lows and there is just a negative mood in commodities and for oil there is the worry that the global economy [...]

Continue Reading

Oil prices fall below $50 a barrel

On July 23, 2015 - 9:09 AM By

by Paul Davidson | USA Today Oil prices tumbled below $50 a barrel Wednesday for the first time since April as bloated U.S. inventories and the prospect of increased Iranian crude shipments fueled concerns about swelling supplies even as demand is waning. “We’ve had a lot of supply,” says Tom Kloza, global head of energy analysis [...]

Continue Reading

Gold prices plunged on Monday and if the action continues, Price Futures Group’s Phil Flynn said it could put pressure on other commodities, and the Fed. Watch the latest video at video.foxbusiness.com   http://bit.ly/1IgCJkn

Continue Reading

By Robert Gibbons | Reuters Brent crude prices rose on Thursday after a power outage shut production at Britain’s largest oilfield and as the August contract approached expiration at the end of the session. U.S. crude futures gave up early gains and then turned lower on data from industry intelligence firm Genscape showing more crude [...]

Continue Reading

by iHeartMedia’s Dale Forbis | The trade agreement signed this week means Iran will re-enter the world oil market, but don’t count on oil prices taking a major drop.  Some experts are promising gas falling below two-dollars-per-gallon again. Price Futures Group senior market analyst Phil Flynn says Iranian oil will have an impact, but probably [...]

Continue Reading

BY GILLIAN RICH | INVESTOR’S BUSINESS DAILY Oil prices remained under pressure Tuesday as a perfect storm of the Greek debt crisis, strong dollar, expectations of Iranian oil exports and resilient U.S. shale production weighed. But analysts believe China’s ongoing stock market meltdown is the biggest driver of crude’s slide. Despite a frenzy of stimulus [...]

Continue Reading

Myra P. Saefong | MarketWatch As the end to pit trading for the futures market draws to a close at the CME, traders worry that pit “lingo” and hand signals will become a lost language, but say faster transaction speeds will help ease the burden of change. “The closure of most trading pits is the [...]

Continue Reading

By TIMOTHY PUKO | The Wall Street Journal Natural gas is sinking Wednesday morning as weather models are showing a growing consensus in favor of unseasonably cool weather on the way. Natural gas for August delivery is down 4.8 cents, or 1.7%, at $2.784 a million British thermal units on the New York Mercantile Exchange. [...]

Continue Reading

by Moming Zhou | BloombergBusiness Crude oil rebounded from a two-month low in London as investors weighed the latest developments in the Greek financial crisis. Greece requested a new two-year bailout program from the euro region as the country edged closer toward a financial precipice. Iran and world powers pushed for a nuclear accord as negotiations [...]

Continue Reading

By By Alex Lawler | Reuters Oil held above $64 a barrel on Wednesday as a U.S. government report showing crude inventories fell for an eighth week, in a sign a supply glut is easing, countered concerns about Greece’s debt crisis. U.S. crude stocks fell by 4.9 million barrels, the U.S. Energy Information Administration (EIA) said, more than [...]

Continue Reading

By FX Empire Analyst – Barry Norman Crude oil responded sharply to Tuesday nights API weekly inventory report gaining 11 points this morning after rallying as high at $61 during Tuesday’s trading session. This morning finds WTI trading at 61.12. Brent oil gained steadily on Tuesday but gave back a few cents in the Asian session to trade at [...]

Continue Reading

By Aurel Niculescu | InAutoNews.com via Bloomberg Or it could be the other way around, with gasoline surging close to diesel’ falling price. Never mind, those who opted for a diesel cars and the US truckers can now rejoice, as the gap is finally very slow between the two fuels. Retail gasoline has fallen massively [...]

Continue Reading