Commodities jump alongside oil prices
By MADLEN READ NEW YORK (AP) — Metals and grains rose alongside energy prices in light trading Friday, after a nine-day plunge in oil encouraged investors to buy back into the struggling commodities market. But so far, there is little evidence that crude oil or other battered commodities [more...]
Date: 2008-12-27 14:09:19
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One Upside To The Economic Crisis: Cheap Gas
As the US dollar crashes and the financial markets around the world start to implode, we may see an happy side effect: cheap gas ... prices to several other measures, and concluded that crude oil is the most overpriced commodity ... higher than any other commodity. Relative to per capita income, oil prices would have to fall [more...]
Date: 2008-10-13 19:55:40
Crude Oil Rises After Israeli Attacks
Crude oil rose a second day in New York after Israeli air strikes in the Gaza strip killed more than 285 people, ... commodities as a haven. Oil gained as much as 3.9 percent as Israel called up reservists after two days ... , to $39.70 a barrel on London’s ICE Futures Europe exchange. The contract gained 4.8 percent [more...]
Date: 2008-12-29 02:15:00
Technical Picture - Consolidation Ahead of FED
Stocks sold off in early trade as investors grappled with ongoing uncertainty and the threat of more losses from the financial sector, ... funds futures imply a reduction to the fed funds target rate is certain. There is currently a 66 ... in commodities such as agchem, natural gas, gold, and crude oil. Crude was up as much as 8.2% during [more...]
Date: 2008-12-16 06:16:00
Technical Picture - Consolidation Ahead of FED
Stocks sold off in early trade as investors grappled with ongoing uncertainty and the threat of more losses from the financial sector, ... funds futures imply a reduction to the fed funds target rate is certain. There is currently a 66 ... in commodities such as agchem, natural gas, gold, and crude oil. Crude was up as much as 8.2% during [more...]
Date: 2008-12-16 07:00:16
Oil dip
Crude oil prices have fallen to about $67 a barrel from their record summer highs of about $146, as concerns of slowing economies filter into the commodities market. But, even with that drop ... are looking at WTI crude oil options -- where the number of implied vol for OTM puts is trading at much [more...]
Date: 2008-10-22 06:57:01
As Per Astrology: Gold Will Be Safe Investment in 2009
Lt. Col. Ajay Jain, Commodity Online Leave the year 2008 behind and look for the future as the coming year is expected to bring good hopes for Asian ... and commodity markets. But hold on. The US and European economy may still suffer before it can rebound. Astro ... , this is right time for investment in crude oil for short term trading, since crude oil [more...]
Date: 2009-01-01 14:51:43
Four at Four: Crude Tensions
Gaza The deflationary trade that has reduced oil to a fraction of where it stood earlier in the year has been, for the time being, ... , it suggests that crude oil and other energy commodities are unlikely to bounce off their bottom dramatically [more...]
Date: 2008-12-29 12:09:00
Deputy finance minister’s head in the sand
4 December, 2008 General News/Issues Source : Malaysiakini Deputy finance minister’s head in the sand Charles Santiago | Dec 4, 08 2: ... slashed, future orders cut down to critical levels and retrenchments are being planned. Job losses ... palm and other commodity prices. Crude oil prices dropped to a three-year-low to US$48 yesterday [more...]
Date: 2008-12-04 07:39:45
A Day In The Life of Oil
With crude oil crossing the $142/record mark on Friday, one newspaper took a close-up look at how oil affects traders, fishermen, pre-school kids, ... -old commodities trader, family man, and former top minor league baseball prospect. This strange ... futures trades on that exchange. He's scaled back in recent years and says it's too dangerous to make [more...]
Date: 2008-06-30 20:54:00
The Cheese is Back
by paradox In these carefree times of 2009, such times of prancing nonchalance, not only has the US Manufacturing Index cliff-dived but commodity prices have too--crude oil has been on a dive none of us will likely see again--and the dreaded dairy price subsidies have kicked [more...]
Date: 2009-01-03 15:41:29
Crude Oil Finds Longterm Support and Buy Signal at $40
We’ve witnessed absolute destruction in the price of crude oil and in other commodities in such a short period of time ... before making any trading or investing decisions. If you don’t trade futures, you might want to see [more...]
Date: 2008-12-09 15:42:00
Bullion metals shine
Gold and silver prices rise for the first time in 2009After three sessions of fall, bullion metal prices ended higher on Tuesday, 06 January, ... -denominated commodities, such as crude oil and gold, which become more expensive for holders of other ... %.On Tuesday, Comex silver futures for March delivery rose 15.5 cents (1.6%) to $11.445 an ounce [more...]
Date: 2009-01-07 03:05:00
Saying bye to an eventful 2008, Welcome 2009!
Commodity OnlineOne more year has gone by and it is time to say farewell by ringing out the old and ringing in the new. For the global economy 2008 was an eventful one—it saw the prices of food grains, crude oil and essential commodities skyrocketing even as inflation reached four digit levels in some countries like Zimbabwe [more...]
Date: 2009-01-01 14:06:00
2008 in Review: Best and Worst Indexes, Stocks, Commodities, Currencies and More!
by Addison Wiggin & Ian Mathias 2008 retrospective… unless you reside in a small African country, your market lost money A closer look at the year for American markets… the few winners, and many losers Worst year on the books for commodities too… with four notable exceptions Crude oil pops 14%… Russia moves another pawn in the [more...]
Date: 2009-01-02 19:51:04
Kevin Duffy on the dreaded "speculator"
Ah, the dreaded “speculator,” the perennial whipping boy of anti-capitalists. What is so evil about the speculator? ... where your mouth is - buy a futures contract.” And I reminded them I was doing the same, taking ... and bid up inflation hedges - not just crude oil, but grains, precious metals, and other commodities [more...]
Date: 2009-01-12 05:40:00
Green Ink: Oil?s Floor and Asian Demand
paper Crude oil futures surged past $84 early Tuesday on the back of optimism the world will avoid the worst of the financial crunch, ... reqd.). Despite the recent recovery, oil and other commodities are still well-off summertime highs ... not be unlimited, in the WSJ (sub reqd.). Just don’t tell small businesses the commodities boom is over— [more...]
Date: 2008-10-14 12:10:35
Bullion metals end almost unchanged
Weak employment report increases the appeal of precious metalsBullion metals ended almost unchanged on Friday, 09 January, ... dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become ... Friday, Comex silver futures for March delivery rose by 23 cents to $11.32 an ounce. For the week [more...]
Date: 2009-01-12 02:24:00
Crude Oil Dips Beneath $70
Who would have expected such a headline on Crude Oil just five or so months ago?! ... on Wednesday. Let’s look at the weekly and daily charts to see how this happened and what might ... to give a boost to prices, or at least stave off some of the rampant selling in the commodity [more...]
Date: 2008-10-22 15:38:49
Guilty, until proven innocent
There's a new website available for those who prefer to "shoot first and ask questions later" when it comes to speculation in crude oil futures markets. Like many other complex issues ... are increasingly buying and selling commodities such as oil to sell again, rather than to use. As largely [more...]
Date: 2008-07-13 19:01:00
The latest word on those nefarious oil speculators
A new report from Michael Masters, scourge of the commodity index speculators, provides some startling numbers that, on their face, ... into the major commodity indices." The price of West Texas Intermediate (WTI) crude oil rose $33 per ... for the exits of the S&P Goldman Sachs Commodity Index." They pulled out about $39 billion. The price [more...]
Date: 2008-09-10 20:02:23
Mika: Offshore Drilling Wouldn't Lower Gas Prices for Ten Years
Mika Brzezinski might be an Obama backer, but she really should sit down with Hillary Clinton. The woman who turned $1,000 into $100,000 could clue her in to the workings of the commodities markets. Be it cattle or crude oil, the concept's the same: these are "futures" markets in which [more...]
Date: 2008-07-15 11:11:46
Gas Prices: Boy, was I wrong….
Back in May, I wrote an article on the continuously rising gas prices and future predictions ... Merrill Lynch Commodity Strategist Francisco Blanch and Gulf Oil CEO Joe Petrowski, say that crude oil [more...]
Date: 2008-12-07 21:45:24
Coalition of big consumers of oil blames speculators for high prices
WASHINGTON (CNN) — Speculation by financial traders is causing a substantial boost in crude oil prices, according to a group of big consumers of oil now asking Congress to impose limits on commodity ... what he called “physical traders” such as airlines and the trucking industry. –From CNN’s Paul Courson [more...]
Date: 2008-07-11 17:59:33
Has Oil Broken Down?
Commodities These commodity market blowups are becoming all-too-familiar in the last few years ... in a commodity turned into a buying frenzy, fueled at first by speculators caught up in the mere expectation ... at Alaron Trading in Chicago. SemGroup said in its bankruptcy filing that it had bet that crude [more...]
Date: 2008-07-24 16:38:58
Are Speculators Really That Bad for Commodities Markets? (pfblogs.org)
David Enke submits: Commodity index investors (ie, speculators) sold $39 billion worth of crude oil futures between the July market peaks and September 2nd, a time that saw a rapid sell-off in crude oil prices (see Independent.iearticle).Complete Story » ... [more...]
Date: 2008-09-12 11:41:59
Oil Reclaims $120 a Barrel
The rebound in oil, which has carried crude past $121 a barrel, can no longer be dismissed as a “blip” after crude fell within $110 last week ... like much. With varying fundamental issues in play, traders are also looking at the price ... analyst at BNP Paribas Commodity Futures. Mr. McGillian says this rally will have to push through [more...]
Date: 2008-08-21 15:33:19
Crude Oil Surges; OPEC to Make ‘Severe’ Cut
Crude oil futures jumped to near $48 a barrel on Thursday trading in New York, ... and other dollar-denominated commodities. OPEC, the supplier of 40 percent of the world’s crude [more...]
Date: 2008-12-11 21:48:03
Oil recovers with Dow rally
NEW YORK (CNNMoney.com) -- The daily survey from motorist group price of oil on Monday reversed AAA. Prices peaked at $4 ... , have already started cutting back founder of commodities brokerage on oil use, said Cordier ... has already taken investors sold off crude futures place, and it's going to take a as stock indexes around [more...]
Date: 2009-01-03 17:17:35
Timing the next rush to gold
Timing the next rush to gold filed in Finance on Jan.03, 2009 ‘) ... expectations have diminished markedly, too, as prices of other commodities, mainly crude oil and related [more...]
Date: 2009-01-03 23:56:21
Timing the next rush to gold
Timing the next rush to gold filed in Finance on Jan.05, 2009 ‘) ... expectations have diminished markedly, too, as prices of other commodities, mainly crude oil and related [more...]
Date: 2009-01-05 20:56:15
Bush Ends Executive Ban on Off-Shore Drilling and Oil Prices Drop 7% in two trading sessions
June 20, 2008 — USA Today: Democrat Barack Obama’s campaign released remarks he plans to make at the start of a news conference in ... of futures trading in commodities. – WLS ... on July 14 — $145.18. Price of oil at close on July 16 — $134.60. “Crude-oil futures tumbled $4.14 [more...]
Date: 2008-07-17 00:34:34
Green Ink: Subprime Renewables
paper Crude oil futures jumped for the second straight day to more than $42 due to violence in the Middle East and Chinese stockpiling of oil, ... reqd.). Cratering energy and commodity prices push Kuwait to nix a $17 billion deal with Dow Chemical [more...]
Date: 2008-12-29 12:59:49
Gold slips 1 percent as dollar firms and oil slides
Gold slips 1 percent as dollar firms and oil slides filed in Business on Jan.02, 2009 ‘) ... late on Wednesday, the last trading session of 2008. U.S. gold futures for February delivery fell ... as a hedge against oil-led inflation and as rising crude prices often increase interest in commodities [more...]
Date: 2009-01-02 20:56:24
PRECIOUS-Gold rebounds from 2-week low on oil
PRECIOUS-Gold rebounds from 2-week low on oil December 8th, 2008 SINGAPORE, Dec 8 (Reuters) ... as dismal U.S. job reports sparked selling of assets fromstocks to oil and commodities. -- Gold &lt ... , when it fell as lowas $740.40 an ounce. -- London Brent crude oil futures LCOc1 rose $1.01 to$40.75 a barrel [more...]
Date: 2008-12-08 01:03:06
Overnight markets: Down
Asian stocks and US futures slid Thursday, following US and European markets down amid fresh fears that worldwide bank rescue programmes have come too late. Crude oil prices fell to 13-month lows as commodities prices tumbled across the board. US markets (Wed) DJIA down 733.08 at 8,577.91 Nasdaq... [more...]
Date: 2008-10-16 04:44:46
Falling Down: Enviros Shouldn?t Sweat Lower Oil Prices
Falling oil prices generally aren’t good news for environmentalists ... question is how far oil can fall, and if that will be enough. Crude futures dropped below $90 a barrel ... to get cash to speculate in oil, or any other commodities market. OPEC president Chakib Khelil said [more...]
Date: 2008-10-06 19:55:00
Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
By Pham-Duy Nguyen Jan. 1 (Bloomberg) — Commodity prices in 2008 plunged the most in five decades as demand for energy, ... , the slumping economy drove crude oil, gasoline, copper, corn, and wheat down from records in the first ... commodities to post gains. Gasoline futures declined to $1.0082 a gallon last year on the New York [more...]
Date: 2009-01-01 18:57:26
Oil Set for Rebound as Record Drop Spurs OPEC Production Cuts
By Grant Smith and Mark Shenk Dec. 30 (Bloomberg) -- Oil futures may rebound from their worst year to average $60 a barrel next year as OPEC makes ... be turning around.” Crude futures averaged $100 this year, the highest since crude began trading on the New York Mercantile Exchange in 1983. Oil plunged along with commodities from copper to corn [more...]
Date: 2008-12-30 00:25:00
Four at Four: The New Normal
In a world where a 400-point move on the Dow industrials has become commonplace, little seems to shock investors, ... of oil, as crude closed at $56.16, the lowest close for that commodity since January 29, 2007 (yes [more...]
Date: 2008-11-12 12:30:00
Oil Squeeze? Blame Yourself
The Journal’s Russell Gold reports: When it comes to the price of crude oil and gasoline, who is in the driver’s seat? One common answer is no one ... into the commodity futures market. All of this plays a role: the availability of supply, financial market interest in commodities, and don’t forget the strength of the U.S. dollar (the global [more...]
Date: 2008-09-03 18:43:00
Deflation, Inflation or Stagflation???
Remember FCX as leading indicator?Gold rallied 31 percent in 2007 as inflation rose at the fastest rate in almost two decades ... . Crude-oil futures have plunged 74 percent from a record in July.Will copper and oil and CRX drag gold ... only fleetingly in the form of a speculative blowoff in commodities, was just a head-fake, a seduction [more...]
Date: 2008-12-23 17:34:00
Corn v. Crude
Why are corn and oil prices rising in tandem? I've become a bit obsessive about oil prices -- I check them online several times each day, just out of habit. But most other commodities remain something of a mystery to me. I keep ... from the phenomenally helpful futuresource.com, comparing the rise in recent futures contracts for corn [more...]
Date: 2008-07-15 22:42:50
What's Up, What's Down: Crude Oil Down Sharply Along with Heating Oil, RBOB, and Natural Gas
Oil and gas are down across the board, see how other commodities and currencies futures are expected to perform today, including cattle, pork, orange juice, and gold. [more...]
Date: 2008-07-08 03:17:00
CFTC Report on High Oil Prices - "Speculation My A$$"
With a pending Senate vote on the "Stop Excessive Energy Speculation Act", it seems that we (not the TOD 'we', but the collective society 'we') ... . In this report, the Commodity Futures Trading Commission (CFTC), threw cold water on the recent ... , activity on the crude oil futures market – as measured by the number of contracts outstanding, trading [more...]
Date: 2008-07-23 14:47:59
Why is Gas at $4 a Gallon?
Conspiracy theories abound, but the soaring price of crude oil (today around $137 a barrel) is related to four more mundane forces: (1) ... is one of the commodities that looks like a good bet. Hence, there's speculation in oil futures [more...]
Date: 2008-06-09 14:05:56
Oil Under $60 and Gasoline Approaching $2/Gallon. Gas Guzzlers Set for a Comeback?
Commodities markets are on an even wilder roller-coaster ride than the stock market and crude oil is leading the retreat ... . The AP reports that Thursday’s hit of inter-day low of $54.67 / barrel and closed at $58.24. That there is almost 2/3rds down from the summer’s near $150 peak. TFC Commodity Charts publishes ... [more...]
Date: 2008-11-14 12:21:02
Awash in Fossil Fuels
As 2008 came to a close, stockpiles for the three major energy commodities tracked by the EIA were all above their long-term averages ... . While the world was 'running out of oil' as recently as last Summer, now we're running out of places to put it. Crude Oil Inventories 123108 Gasoline Inventories 123108 Distillates [more...]
Date: 2009-01-07 16:23:10
Four at Four: Oil’s Rally Slips Away
No better an illustration of the market’s fickle expectations can be found than in the crude-oil market, ... , it created “a vacuum where the market just collapsed,” says Darin Newsom, DTN senior commodities analyst ... investment analyst at Fort Pitt Capital Group in Pittsburgh [more...]
Date: 2009-01-07 21:52:18
Merrill’s Three ‘C’s for the Market
Could declining commodity prices be a major theme for the markets in the third quarter? Crude-oil futures are dropping like a stone this morning amid a strengthening dollar ... futures dropped as well, tumbling more than $12 to around $921 an ounce in recent Comex trading [more...]
Date: 2008-07-07 14:41:09
