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

Blog posts (41) | Videos (20)
 

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

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

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

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

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

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

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

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

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

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

OIL PRICE SHOCKS - THE REAL CULPRITS

It is clear as to who is driving up the prices of Crude and Commodities. It is not the producers or the demand supply gap that is making the lives of billions of people horrible. It is the traders, hedge funds and banking giants and large investors in Futures Commodity [more...]

Date: 2008-06-18 01:27:37

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

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

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

Oil prices sink further below USD 40

Oil prices fell further below USD 40 in Asian trade on Tuesday in a market plagued by weak energy demand, dealers said. ... sweet crude for delivery in February, shed 77 cents to USD 39.14 a barrel in morning trade after sliding ... in London on Monday. “The market is in freefall,” said Mark Pervan, senior commodities analyst with ANZ [more...]

Date: 2008-12-23 09:02:47

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

Oil spike

Why did oil breach $138? Price of NYMEX light crude. Source: ino.com. ... the euro and the dollar price of many commodities soaring. Gold was up 2.6% and the Commodity Research [more...]

Date: 2008-06-08 14:41:05

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

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

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

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

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]

Date: 2009-01-02 21:23:20

Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles

Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... . Sugar, gold and hogs were the only other commodities to post gains. Gasoline futures declined ... on July 11. The 2008 low was 78.5 cents on Dec. 24. Crude oil futures tumbled a record 54 percent [more...]

Date: 2009-01-03 09:25:14

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

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

Oil prices end tumultuous year on calm note, down slightly

Oil prices ended the year on a calm note on Wednesday, ... -year lows. New York’s main futures contract, light sweet crude for February delivery, eased 13 ... torrid few months, a hell of a lot of uncertainty,” said Mark Pervan, senior commodities analyst for ANZ [more...]

Date: 2008-12-31 06:48:11

What's Up, What's Down: Crude Oil Prices Down, Hogs Sharply Down

Hogs prices continue to fall, reaching their lowest low since April. See how other futures and commodities might be affected this week. [more...]

Date: 2008-07-01 03:06:00

The New Commodity Bull

Just when the central banks of the world are deluding themselves with the idea that inflation is under control, commodity prices are surging much higher once again.Soybeans (other grains have similar charts) - up 30% over the past monthCrude Oil - up 40% in 7 trading sessions. Crude has touched $50/barrel [more...]

Date: 2009-01-06 11:14:00

An oil-price cracker too late for some

A bit of momentum has returned to both crude and products. Of particular interest is the strength in naphtha prices -- which had suffered the greatest fall in the big commodities sell-off of Q4 2008. The gasoline/naphtha (regrade) spread has narrowed [more...]

Date: 2009-01-05 13:10:22

Oil, Another 'Trouble in Middle East' Bounce

A bounce to $50 and even $55 isn't excessive. Prices are now above the declining 20 day EMA (blue line) and should gravitate to the 50 day EMA ( ... for a rally this year, if history is any guide.The so-called forward curve of futures contracts traded ... cut, raised the price of all the crude types it exports to the U.S.”Another way to play commodities [more...]

Date: 2009-01-05 13:30:00

Speculators are Part of the Market

In a July 21, 2008 column in the Jewish World Review with a shouting headline of STOP OIL SPECULATION NOW! ... trade the right to specified quantities of a specified commodity to be delivered at some point ... to deliver a barrel of crude petroleum on December 1, 2016 at a price of $150. Traders who believe the price [more...]

Date: 2008-07-24 22:30:22

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

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 poised to reverse

Crude Oil had a good rally last week. WTIC rallied off December low of USD35.13 to reach an intra-day high of USD50 ... commodities, Crude Oil's downtrend seems to be intact (see Chart 1 below).Chart 1: WTIC's daily chart ... on a reversal in Crude Oil prices. When this finally happens, Oil stocks would likely to receive a big boost. [more...]

Date: 2009-01-12 01:45:00

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

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

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

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

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