Despite recent price rise, traders seeking tankers is bearish for oil
Filed under: International markets, Commodities, OilThose investors ready to position themselves in oil stocks, or perhaps even dabble in oil futures, may want to wait a while. Oil traders are seeking ... ." Dietz added that he was currently short unleaded gasoline, with a monthly contract. Continue reading [more...]
Date: 2009-01-07 18:45:00
Blog posts
(136) |
Videos
(247)
Maryland’s Gensler finds a spot in Obama administration
Some Marylanders’ names have been tossed around as possibilities for posts in the Obama administration (i.e. former Rep. Wayne Gilchrest and Dr ... as his pick to head up the Commodity Futures Trading Commission. The CFTC oversees $5 trillion in futures and options trading — oil and other commodities prices have been hot-button issues there this year [more...]
Date: 2008-12-18 18:11:06
a wise man spoke…
Back in the long gone days of Summer 2008, our gas prices were in the $4.00 range. Congress was looking in to the price of oil and why it had risen ... futures market, in which investors buy and sell promises to deliver oil at a later date, and claimed ... commodity futures — “is almost equal to the increase in demand from China.” Many economists scoffed [more...]
Date: 2008-12-24 04:13:22
Obama goes after McCain, oil speculation
by John McCormick Sen. Barack Obama's campaign went on the offensive again today on energy related matters, charging that a co-chairman for Sen ... said the provision in law exempts some energy traders from regulation and thus prevents the Commodity Futures Trading Commission from fully overseeing the oil futures market and investigating cases [more...]
Date: 2008-06-22 18:55:46
SPECULATORS ARE NOT DRIVING UP OIL PRICES, REPORT SAYS
As Congress debates how to curtail the role of speculators and rein in rising oil prices, ... report by the Commodity Futures Trading Commission with help from six other agencies, including ... offer investors a future return linked to commodity markets, were roughly balanced between purchases [more...]
Date: 2008-07-25 13:21:56
Four at Four: Hello, Dolly
Nothing to see here or anything. (Accuweather.com) ... has once again resumed its near-term path, which is lower. And on a day when the Commodity Futures ... Newsom, DTN senior commodities analyst. The recent activity in oil does demonstrate, however [more...]
Date: 2008-07-22 11:54:00
Don't Blame the Speculators; Without Futures Markets, Oil Might Be At $200 Instead of $135
Excerpts below from the Fortune Magazine article "Don't Blame the Oil Speculators: ... former U.S. Commodities Futures Trade Commission chief economist Gerald Gay. "No, they're clueless ... Misunderstanding of How Futures Markets Work": Here's a suggestion: The next time a Congressional committee [more...]
Date: 2008-06-28 02:03:05
What Can Onions Teach Us About Oil Prices?
Onions have no futures market, yet their recent price volatility makes the swings in oil and corn look tame ... in a commodity not in today's news: onions. The bulbous root is the only commodity for which futures trading is banned. Back in 1958, onion growers convinced themselves that futures traders were [more...]
Date: 2008-06-29 15:52:02
U.S Market Update
- Equity markets have begun the week in positive territory, helped by declining commodity prices. Oil futures have shed about $4/bbl and gold has fallen this morning as the dollar has firmed ... % in Chicago led by Wheat while August natural gas is off close to 5% despite the formulation [more...]
Date: 2008-07-07 15:35:29
Oil Speculators. WP: Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when the Commodity Futures Trading Commission ... of fuel. Even more surprising to the commodities markets was the massive size of Vitol's portfolio [more...]
Date: 2008-08-21 13:45:50
Samuelson on Why We Should (Not) Shoot the Speculators
Who are these offensive souls? Well, they often don’t fit the stereotype of sleazy high rollers: ... and producers of commodities to hedge. Airlines can lock in fuel prices by buying oil futures; farmers can lock ... generally don’t buy the physical goods, whether oil or corn. Instead, they trade “futures contracts,” [more...]
Date: 2008-07-01 15:26:38
Paul Krugman Critiques Guillermo Calvo on Commodity Prices
The fact that somebody has bought an oil futures contract means that somebody else has sold one--hence no effect on demand without real storage ... , as far as I can tell, online. Why isn’t Weltwirtschaftliches Archiv on JSTOR?). Speculation can affect ... institutions that buy commodity futures as an investment — are responsible for the price surge. The [more...]
Date: 2008-06-22 15:35:07
Money Magazine recommends commodities (kind of)
It's only six percent and it's not really commodities, but commodity stocks instead, however, ... 9%, the Goldman Sachs Commodity Index, which tracks oil, metals and food futures, averaged a 13% annual return. In just the past five years, commodity-driven mutual funds have gained an annual average [more...]
Date: 2008-06-27 13:18:00
Atlanta Real Estate Recovery
Recession is Official: Let’s Chart the Recovery Post 1 of 3 in the Atlanta Real Estate Recovery series (energy, housing, credit) ... a higher demand for all commodities: Oil, Metals, etc. So as oil prices grew at staggering rates, speculation began to take place in the form of long positions on oil futures that pushed the price [more...]
Date: 2008-12-08 12:00:31
Oil speculation bigger than we knew
by Frank James For the past few months as oil-futures prices were breaking records with a barrel of oil topping out around $150, ... ' influence. Last month, the main U.S. regulator of commodities trading, the Commodity Futures Trading [more...]
Date: 2008-08-15 20:09:58
Oil drops below $39 as commodities retreat
Oil drops below $39 as commodities retreatBy Chris FloodCopyright The Financial Times Limited 2009Published: January 12 2009 11:45 | Last updated: ... fell below the $39 a barrel level and base metals staged a broad retreat as commodity markets got ... package for its car industry in the near future with the scheme likely to include a reduction or [more...]
Date: 2009-01-12 15:48:00
Links 6/27/08
The 'value' of protecting whales BBC Researchers study hidden homicide trend PhysOrg Boston Suburb's `Taj Mahal' Brings Ban on Luxury High ... . This is a very good post for those interested in oil and commodities futures markets generally. Antidote du [more...]
Date: 2008-06-27 04:48:51
Vultures
Nothing to see here, just move along: Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when the Commodity Futures Trading Commission examined Vitol’s books last month, it found that the firm was in fact [more...]
Date: 2008-08-21 14:42:10
It's Not The Cheese That Costs so Much
I admit that I can still be astonished. When I watched '60 Minutes' last night I saw a big surprise report that I was right all along about oil ... the commodities futures market. At the New York Mercantile Exchange, it's traded alongside cotton [more...]
Date: 2009-01-12 19:28:09
Olbermann Blames McCain for Bipartisan Clinton-signed 'Enron Loophole'
Almost two years ago, NewsBusters wondered when media would begin reporting Enron's ties to higher oil and gas prices ... "Enron Loophole" created by the enactment of the Commodity Futures Modernization Act of 2000. Though ... trading, deregulation that lets speculators overwhelm trading in oil futures, those complicated [more...]
Date: 2008-06-20 14:38:34
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
‘A Hanging Concentrates the Human Mind’
Cross-Posted at Left Flank (featuring Charlie Rose’s interview with Martin Wolf) ... see 6% GDP growth next year. And, commodity prices, including oil, continue to fall (although ... their future”: either spend, or save. I found this interesting because, amid the rush to reform [more...]
Date: 2008-10-18 04:20:55
Naughty and nice in the oil markets
It’s an iconic scene, playing out in many movies from Trading Places and Wall Street to A Good Year (below) ... that hedging, rather than speculation, is at fault. Refiner SemGroup overinvested in oil futures ... investors tend to hold long positions in commodities as inflation hedges. Losses in stocks forced [more...]
Date: 2008-12-27 20:17:00
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
More speculation about those oil speculators
I normally leave it to folks like Dean Baker to beat up on the press ... their businesses. But when the Commodity Futures Trading Commission examined Vitol's books last month ... in oil and a number of other commodity markets. The CFTC separates the holders of those contracts [more...]
Date: 2008-08-22 04:02:06
Buffett On Investing In Metals As Inflation Protection
We would not necessarily view metals investing as protection against inflation ... do better than most businesses. Buffett On Commodities We have no opinion on commodities. If we’re ... up, we could buy oil futures, which we did once. We think the South Korean Posco (PKX [more...]
Date: 2009-01-04 07:43:00
Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... , there's reason to think it could be a lot. And current law means that a lot of oil futures trading is done ... like then Senator Phil Gramm (R-TX), Enron was able to insert language into the Commodity Futures [more...]
Date: 2008-07-28 12:05:05
Morning Brief: U.S. and Iraq nearing troop agreement
Morning Brief: U.S. and Iraq nearing troop agreement Thu, 08/21/2008 - 9:54am Top Story Khalid Mohammed - Pool/Getty Images U.S ... of speculators appear to rule the oil markets. According to the Commodity Futures Trading Commission ... for the New York Times Magazine. Obama advisors Richard Clarke and Susan Rice slammed "quick-draw [more...]
Date: 2008-08-21 13:05:11
Above the fold
A DAILY round-up of economic news: The bailout saga continues to turn ... for oil yesterday. Traders buying October oil futures to cover earlier sales of the contract briefly ... by resurgent commodities prices and a tangled global financial situation. [more...]
Date: 2008-09-23 14:18:14
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
Oil Prices and Speculation
The Washington Post says the scale of speculative activity in commodities markets is larger than previous estimates indicated: A Few Speculators Dominate Vast Market for Oil Trading, by David Cho, Washington Post ... helped industrial firms that needed oil to run their businesses. But when the Commodity Futures [more...]
Date: 2008-08-21 07:42:00
Friday morning links
TOP STORIES Wall St. futures frozen after plunge - AP OPEC slashes production; ... U.S. stock futures blasted after Asia plunge - MarketWatch Oil falls despite production cuts - BBC Balle, balle..great demand for India Post gold coins! - Commodity Online Oil, Gold, Commodities [more...]
Date: 2008-10-24 13:17:00
Oil's Well That Ends Well
Well, no shit Sherlock speculation drove up the price of oil to obscene levels, as did the nonsense of "peak oil ... the commodities futures market. At the New York Mercantile Exchange, it's traded alongside cotton [more...]
Date: 2009-01-12 02:34:00
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
ForexGen | Oil Falls Below $54 as US Demand Outlook Worsens
Oil falls below $54 as rising oil inventories, bad economic data point to falling US demand Oil prices fell below $54 a barrel Thursday as dismal U ... of $52.62 earlier in the session. Investors tend to increase their holdings in commodities like oil ... to $53.27 on the ICE Futures exchange. Prices have hovered just above three-year lows this week as [more...]
Date: 2008-11-28 13:16:13
Commodities Reprieve Coming to an End
A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle ... in the near future, as some oil fields out there aren’t nearly as cost effective at these prices ... are out there on the future of other commodities. The World Bank, for example, believes that the global [more...]
Date: 2008-12-15 16:54:45
An Obama surge on Wall Street, and beyond?
Did we just witness the Obama pre-victory rally? The stock market today bucked convention with a sharp advance that lifted the Dow Jones ... stocks (European blue-chip shares jumped 4.1%, on average) and commodities (oil futures soared $6.62 [more...]
Date: 2008-11-05 08:49:47
Wednesday morning links
TOP STORIES Vote on Detroit Bailout Nears - Washington Post China’s Exports Decline for First Time in 7 Years - MarketWatch Rio Tinto to cut 14, ... offer to resolve worker sit-in - Reuters MARKETS/INVESTING Gold futures rise for a third session as oil rallies - MarketWatch Questioning the Commodities Super Cycle - Naked Captialism The Shadow Gold [more...]
Date: 2008-12-10 16:33:55
Oil Scapegoat Update: CFTC Finally Finds Some Evil Speculators!
The Netherlands is known more for its bucolic landscapes, dotted with windmills and tulip beds, than for its connection to energy markets. But that's where the Commodities Futures Trading ... the CFTC launched its probe into irregularities in energy markets. FT: The Commodity Futures Trading [more...]
Date: 2008-07-24 18:13:00
Stopping Oil Manipulation
This morning on Money for Breakfast Commissioner Bart Chilton of the CFTC joined me to discuss yesterday’s charges against Optiver for manipulating ... for futures trading in oil as well as many more commodities), the right to oversee over the counter trading [more...]
Date: 2008-07-25 19:22:22
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
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
Study Shows Speculators Helped LOWER Oil Prices
It was said to be the year of speculators gone wild ... , the Commodity Futures Trading Commission has offered hard statistical data that financial trading hasn't ... -month period. In other words, index traders and swap dealers were driving the future price of oil [more...]
Date: 2008-09-17 15:39:38
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
The Price of Gas will soon be $1.50, right?
This will teach them, right? H.R. 6377 directs CFTC to use all its authority, including its emergency powers, immediately to curb the role of excessive speculation in the energy and swaps futures markets ... that an artificially high demand for essential commodities such as oil and corn has been created [more...]
Date: 2008-06-27 20:30:06
The case for oil price speculation improves
U.C. San Diego economist Jim Hamilton has long argued that fundamental forces of supply and demand explain oil prices better than "speculation ... by David Cho, "A Few Speculators Dominate Vast Market for Oil Trading." Hamilton closed his dissection ... recently deemed by the Commodities Futures Trading Commission to be more of a speculator than [more...]
Date: 2008-08-27 16:28:48
BDS Media Meme Destroyed: Weak Dollar Doesn't Mean Higher Oil
As oil and gasoline prices rose throughout much of this decade, a popular media meme was that a lower dollar was largely to blame ... culminating in the commodity futures bubble that peaked in July. Yet, since early November, oil ... to that! In the end, there were a number of factors that created the energy/commodity futures [more...]
Date: 2008-12-20 17:05:30
Singapore: positioned to weather the global shock
Special Author: Pang Eng Fong, Singapore Management University Singapore’s economy grew by 7.7 per cent in 2007 ... without increasing the tax burden of future generations. The large pool of foreign workers – ... cuts. Commodity and oil prices have fallen sharply [more...]
Date: 2009-01-02 11:00:57
Oil Traders: Don't Fence Us In
Investment bank and hedge fund representatives tell the Commodity Futures Trading Commission the oil market doesn't need more oversight [more...]
Date: 2008-06-17 00:51:19
1 -
50
of
136
Posts
Page:
First
| <
Preceding
|
Next
>
0
|
1
|
2
