Green Ink: Detroit’s Electric Dance, and Google’s Dirty Searches
paper Crude oil futures slumped to $38 in early trading Monday amid fears that lower OPEC production won’t be enough to counter cratering global demand for oil, Bloomberg reports. With oil prices (and valuations) falling, Exxon is sitting ... profiles “Bidder 70,” the environmental activist who waylaid the Utah oil-and-gas lease auction [more...]
Date: 2009-01-12 16:14:00
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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 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
Friday's Commentary & When to Chase a Trade
Updated late Tuesday and Friday nights Friday’s Close for Jan 9th, 2008 Written by: Mike Coval It was not much different than we expected, ... out of work kept the price of Crude futures flat and trading at $40.70 a barrel. Track the price of crude with the Oil ETF, USO. Mega player Chevron, CVX, fell $1.42 after issuing a profit warning [more...]
Date: 2009-01-10 00:43:26
Jim Wyckoff’s Morning Blog–Tuesday
Tuesday, January 6–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a stronger U.S. dollar and firmer crude oil futures prices that have pushed back ... , the U.S. T-Bond market has suffered serious near-term technical damage to now suggest that a major [more...]
Date: 2009-01-06 13:13:28
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
Jim Wyckoff’s Morning Blog–Monday
Monday, January 5–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a stronger U.S. dollar and weaker crude oil futures prices. JIM’S MARKET THOUGHT OF THE DAY * I was able to get away from the office for a few days between the Christmas and New Year’ [more...]
Date: 2009-01-05 13:26:05
Crude Oil Rises More Than 6 Percent as U.A.E. Reduces Output
Crude oil rose more than 6 percent in New York, the biggest increase in two weeks, ... and London’s ICE Futures Europe exchange, where Brent crude oil is traded, were closed yesterday [more...]
Date: 2008-12-27 06:56:56
Oil Set for Rebound as Record Drop Spurs OPEC Cuts (Update1)
BLOOMBERG Dec. 30 (Bloomberg) ... be turning around.” Crude futures averaged $100 this year, the highest since oil began trading ... delivery traded at $40.22 a barrel, up 20 cents, in after-hours trading on the exchange at 8:43 [more...]
Date: 2008-12-30 00:44:12
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
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
Weekly Watchlist 12/15
Weekly Watchlist 12/15 Posted on Sunday, December 14, 2008 at 08:42PM by Registered Commenter Option Addict | Comments ... . Index futures are slightly higher tonight heading into tomorrows session. Asia has put together some strong gains overnight and crude oil is trading with a 5 handle. Both should help give the market [more...]
Date: 2008-12-15 03:42:45
MINOR CORRECTION EXPECTED ON THE PRICE OF CRUDE PALM OIL
In My previous article more than a month ago, I have mentioned that the price of Crude Palm Oil Futures is set to rally with a target of RM2, ... Advisor. Click on chart to view enlarged chart.The current price does not warrant a low risk trade [more...]
Date: 2009-01-13 02:39:00
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
Deal Or No Deal...The Buck Is A Bust
Oil Curve Steeper Than '99 Shows Possible Gain in '09Jan. 5 (Bloomberg) -- The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide.The so-called forward curve of futures contracts traded on the New York Mercantile Exchange suggests oil will rise 28 percent to $60 [more...]
Date: 2009-01-06 01:28:00
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
Sweet crude at $42/barrel
AP: Sweet crude for February delivery tumbled 12 percent, or $5.95, to settle at $42 ... he's seen in a while. ... The crude futures market is now in what oil traders call a "contango" -- in which ... delivery was trading at $49.34, about $5 cheaper than the February contract. "A steep contango [more...]
Date: 2009-01-08 00:34:17
Green Ink: Cheap Solar and Green Cemeteries
paper Crude oil futures rose above $48 on continued violence in Gaza, and many traders now say supply-side concerns will keep oil above $40, ... -Ukraine natural-gas dispute enters day five, with both countries trading accusations of bad behavior [more...]
Date: 2009-01-05 13:08:15
Crude Reaction: Oil Prices Fall on Dismal U.S. Growth
The oil market took a look at U.S. growth figures and decided they weren’t just ugly—they were a double-bagger. [ Bagger_art_200v_20081030130104 ... .jpg You’ve got company (AP) Crude futures, which had risen for two days on the back ... anytime soon,” said Phil Flynn, senior trader at Alaron Trading Corp. in Chicago. “After yesterday’ [more...]
Date: 2008-10-30 08:03:00
Green Ink: Big Oil Waits for Obama, and What About All Those Green Jobs?
paper Crude oil futures elbowed their way above $62 Friday on the back of rising stock markets, Bloomberg reports ... . Environmentalists can expect some horse trading on issues like coal and nuclear power, but expect [more...]
Date: 2008-11-07 13:24:40
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
Latest News In Stock Market Investment Research - Dec 19, 2008
Dassault Aviation buys Alcatel-Lucent’s Thales stake 19 Dec 2008 at 2:14am LONDON (MarketWatch) ... trading on Friday, pulled down by more losses from oil majors as crude futures continued to hover [more...]
Date: 2008-12-19 09:40:48
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
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 Prices Fell to Close to $US40 as Gold Price Rises
Oil prices fell to close to $US40 on Friday after a highly volatile trading week as new US data showed rising unemployment and deepening recession in the world’s biggest oil consuming nation. The benchmark contract, light sweet crude ... futures added 0.0805 cents to $US1.5595 a pound. [more...]
Date: 2009-01-12 01:09:58
Oil prices mixed on bleak economic outlook
Oil prices were mixed in Asian trade on Monday on continuing worries about the weak global economy, analysts said. New York’s main futures contract, light sweet crude for February delivery, was down 27 cents to 40.56 dollars a barrel on the New York Mercantile Exchange. Brent North Sea crude for February [more...]
Date: 2009-01-12 06:48:19
News will not make you money
Just saw this on Bloomberg this evening - http://www.bloomberg.com/apps/news?pid=20601086&sid=a1Ab6lUay5TE&refer=newsJan. 5 (Bloomberg) -- The steepest plunge in crude prices on record may be setting up oil investors for a rally this year, if history is any guide. The so-called forward curve of futures contracts traded on the New [more...]
Date: 2009-01-05 13:37:00
Crude Oil Declines as Traders View Year-End Gains as Excessive
By Grant Smith and Christian Schmollinger Jan. 2 (Bloomberg) ... , the first annual decline since 2001 and the biggest drop since futures trading started in 1983 ... , to $41.05 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $42.28 [more...]
Date: 2009-01-02 13:32:18
Green Ink: Gas and Policy, in Short Supply
paper Crude futures rebounded on hopes Congress will salvage a bailout package, climbing to $99 in early trading, Bloomberg reports. Oil-market volatility—record spikes and collapses in one week— [more...]
Date: 2008-09-30 12:40:54
Oil prices bounce back
By Kenneth Musante CNNMoney.com NEW YORK (CNNMoney.com) ... of trading firm Excel Futures in Huntington Beach, Calif. ... barrels a day in January. U.S. crude for February delivery rose $1.77 to settle at $37.12 a barrel [more...]
Date: 2008-12-26 18:44:02
Oil Rises to 5-Week High Above $50 on OPEC Cuts, Russia Dispute
By Grant Smith Jan. 6 (Bloomberg) — Crude oil rose to a five-week high above $50 as Kuwait and Qatar indicated they will implement supply cuts ... percent, to $51.86 a barrel on London’s ICE Futures Europe exchange, also the highest since Dec. 1. The contract traded at $51.37 a barrel at 1:23 p.m. “Russia continues to play hardball [more...]
Date: 2009-01-06 13:49:59
OIL NEWS * USA - Oil dips as traders weigh demand signs, Gaza clash
New York,NY,USA -The Associated Press/The Trucker, by PABLO GORONDI-7 Jan 2009: ... , sweet crude for February delivery was down 20 cents to $48.38 a barrel in electronic trading on the New ... cents to $50.70 a barrel on the ICE Futures exchange...(Oil prices have risen 43 percent since [more...]
Date: 2009-01-07 15:09:00
Forex Trading Weekly Forecast - 01.05.09 (Daily FX)
US Dollar?s Lean Towards Bullish Break Comes Up Against NFPs Euro Could Break Higher Early in the Week, Data May Eventually Weigh Japanese Yen?s Future Depends On The Swells In Risk Trends British Pound Forecasts Bearish on Bank of England Rate Predictions Canadian Dollar Outlook Against US Dollar Muted on Crude Oil Tumbles [more...]
Date: 2009-01-02 21:39:19
Morning News
Futures are pointing to a higher openIn Japan the Nikkei 225 closed up 0.42%In Hong Kong the Hang Seng closed down 0.35%European markets are trading higher by 1% early onICSC-Goldman Store SalesRedbookISM Non-Mfg IndexFactory OrdersPending Home Sales IndexFOMC Minutes Crude Oil is $50 per barrelGold is $842 per [more...]
Date: 2009-01-06 12:22:00
Middle East Tension Pushes Crude Near $50; Oil Embargo Not Likely
Crude oil futures traded higher on Monday, even hitting a three-week high above $49 at one point during trading on the New York Mercantile Exchange ... spokesman Hasan Qashqavi said. Analysts and traders alike believe that the world is different today ... by the recent prices, traders are beginning to get a little worried now that the conflict has [more...]
Date: 2009-01-05 22:00:15
Your New Year’s Trading Resolutions
Happy New Year to all. It is that infamous time to make resolutions — and more importantly keep them right? ... to finally achieve the results you’ve been working so hard for in your forex trading, futures trading ... points ($1,010/contract) Crude Oil Futures: 14 Wins - 4 Losses +2.68 ($2,680/contract) EURUSD Forex [more...]
Date: 2009-01-03 18:47:20
Oil Slick: Crude Below $40 a Barrel
Crude Oil Carolyn Cui reports: Crude oil is bloodletting. One day after the OPEC announced the most aggressive production cut, oil dropped 4 ... s session, and traders on the long side in the futures market -– meaning who have the right to take ... barrels. Meanwhile, shipping agencies say that many refiners and oil trading companies are renting [more...]
Date: 2008-12-18 19:43:00
Middle East Tension Pushes Crude Near $50
Crude oil futures traded higher on Monday, even hitting a three-week high above $49 at one point during trading on the New York Mercantile ... now that the conflict has entered its tenth day. Heavy clashes were reportedly taking place between Israel Defense [more...]
Date: 2009-01-06 15:07:36
Crude Oil Industry Headline News
"Crude Oil Up But Seesaws On Gaza, Russia, Dollar"U.S ... forward curve of futures contracts traded on the New York....Complete Story"Iran Says OPEC to Hold ... . crude oil futures edged upbut trading seesawed on Monday as a stronger dollar brought prices down [more...]
Date: 2009-01-05 16:14:00
The Best of 2008: A year not to be forgotten
It’s the end of 2008 and many traders are saying “Good ridance!” To them I say be careful what you ask for, because you just might get it ... R? Understanding Open Interest in Futures and Options Trading Crude Oil Prices and the Economic Stimulus ... in the markets. Now, of course, the complaint is about too much. Funny how the pendulum swings like that, [more...]
Date: 2008-12-31 13:54:33
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
Crude Oil Contango, And Not A Tanker To Be Found
Crude oil is currently in contango as futures are trading at a significant premium to spot prices (see WSJ article). As of yesterday's close, spot prices were around $43 a barrel as May futures were trading near $50 a barrel. Unfortunately, to profit from the difference, you need to store the crude somewhere, yet [more...]
Date: 2009-01-09 14:52:52
Oil Watch: Is it Time To Start Worrying About Crude Supplies Yet?
Crude oil futures closed up more than 4%, finishing New York trading above $48, as worries about oil supplies—such as OPEC’s production cuts and violence in the Middle East— ... an additional 2.2 million barrels of oil output. And the Gaza strip isn’t exactly an oil-producing region [more...]
Date: 2009-01-05 11:52:00
How Main Street Will Quickly Feel The Fallout From Wall Street
In case you didn't think you'd feel the effects of the Wall Street meltdown in the short-term, you would be wrong: ... as investors dashed into commodities on concerns about the government’s plan to bail out the financial system. After a wild last hour of trading, crude oil futures surged as high as $130 a barrel before [more...]
Date: 2008-09-22 23:48:06
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