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

Blog posts (171) | Videos (32)
 

Oil Prices Hit Eight-Week Low

Oil prices fell to an eight-month low below $90 a barrel Monday on speculation that the spreading financial crisis will exacerbate a global economic ... was down $4.03 to $89.85 a barrel in electronic trading on the New York Mercantile Exchange. Earlier ... $3.64 to $86.61 a barrel on the ICE Futures exchange. Oil prices have tumbled nearly 40 percent [more...]

Date: 2008-10-06 12:40:31

UPDATE 2-China to boost oil stockpiling amid price slump

China will take advantage of falling oil prices to boost imports and build up its fledgling oil reserves against supply shocks, ... . Oil prices are on track for a near 60 percent drop this year, the biggest annual fall since futures began trading 25 years ago, and are down more than $108 a barrel from its record-peak in July . China [more...]

Date: 2008-12-29 06:16:13

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

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

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

Those “Evil” Speculators

Markets, including the futures markets, are how supply, demand, and pricing information is transferred in a free market capitalist system ... to do something about rising oil prices by shooting the messenger known as the energy futures market ... . Futures markets aren’t some shadowy dangerous force, but are essentially a price discovery mechanism [more...]

Date: 2008-06-12 03:03:01

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

Oil prices continues to lower in Asia

World oil prices continued lower in Asia on Thursday after it sank on Wednesday to the lowest levels since the start of 2007 with traders worried by ... in eight months Oil falls below 90 dollar for 1st time in eight months New York’s main futures ... Khamar, an oil analyst at the Sucden brokerage in London. “The demand situation is deteriorating [more...]

Date: 2008-11-13 09:58:39

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

Anagram:Death Magnetic/It Changed Meat

December 29, 2008 – 7:39 pm Posted in Editorial, Hamas, Israel, Links, METAL, Metallica, Music, Politics, Quotes, War, news, oil, opinion, ... , Politics, Quotes, video, War           News from the financial front first.  Oil prices are going up due ... a barrel before futures prices went back down.  Even with a decrease in global and [more...]

Date: 2008-12-30 00:39:09

thinking like an analyst

Randomly surfing news channels yesterday, I saw an economic analyst from a leading investment bank talk about his thoughts on surging oil ... to play the oil futures market, or are just care about when the price of your daily commute is going to come down, there's a specialist who provides this data, for a fee. Posted by Ed Cotton Tags [more...]

Date: 2008-06-11 16:03:04

Who let the oil market be manipulated?

For anyone who believes that speculation by energy traders explains at least a portion of the run-up in oil prices, the announcement that the Commodity Futures Trading Commission is investigating oil market ... some commodity trading exchanges to operate without oversight while others must report what's going [more...]

Date: 2008-05-30 15:51:47

Permanent Link to 365. Speculation in crude oil futures markets

365. Speculation in crude oil futures markets When George Bush was inaugurated on January 20, 2001 the NYMEX near futures crude oil contract was $32.19/bbl (see also item 308). On September 10 ... weeks, due to international cooperation and support, the futures price actually fell hitting a low [more...]

Date: 2009-01-08 08:57:43

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 sinks again, but market tries to draw line at $60 a barrel

The crude oil market looks as if it’s trying to make a stand at the $60-a-barrel level, raising questions about how much lower gasoline prices might go. Near-term oil futures fell ... materials. The price then bounced up to $63 by 11 a.m. PST, only to fall back again. Futures ended [more...]

Date: 2008-11-06 21:08:58

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

Get Ready For $2 Gas as Fuel Prices Continue to Rise

The national average price for a gallon of gasoline posted their seventh consecutive gain on Tuesday, ... to data from the Department of Energy. Futures traders were also worried about potential fallout ... gasoline prices generally lag beind oil futures which traded above $50 a barrel today, up from below $32 [more...]

Date: 2009-01-06 18:18:07

Green Ink: Pricey Nukes and Supervolcanoes

paper Crude oil futures jumped above $50 after Kuwait and Qatar said they would trim January oil shipments, ... . But oil prices are still low enough to cause pain to big producers, like Venezuela, which has scrapped its $100 million heating-fuel giveaway to U.S. consumers, in the WSJ (sub reqd.). Where is Big [more...]

Date: 2009-01-06 13:00:44

Good Time To Hedge Against Higher Gasoline Prices?

I just filled up my tank for the least amount of money in a long time ... $1,000 of one of the two major oil ETFs tracking crude oil prices, USO or OIL. (Use a broker with free ... to compensate. If $4/gal comes back, your annual fuel bill would rise by $1,000, but your oil futures stock [more...]

Date: 2008-11-13 14:20:17

OPEC's Actions Irrelevant for Now

By Markos N. Kaminis - Economy & Markets:Visit the front pages of Wall Street Greek and Market Moving News to see our current coverage of economic ... $40.50 on the WTI futures contract for January deliver, the price of crude oil at the hour ... a relatively significant action from the consortium, but as crude oil prices moved curiously counter [more...]

Date: 2008-12-17 21:45:00

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

BIS: No Evidence of Second-Round Effects From High Oil Prices

Central bank concerns about the “second-round effects” of rising oil and food prices on medium-term inflation rates may have been without a strong ... prices. But a paper by two BIS economists found that in recent years “higher commodity prices ... began to expect higher inflation in the future.” Sweden’s Riksbank raised its key rate three times [more...]

Date: 2008-12-08 13:22:17

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

What is up with oil?

Posted by Daniel Hall on December 19, 2008 The pithy answer is nothing — not production, not consumption, and certainly not the price ... gas. 2) Oil futures are not tremendously influenced by OPEC’s announced cuts.  OPEC does ... countries oversell their quotes, and the budgetary pressure on some of these governments — who spent [more...]

Date: 2008-12-19 17:09:10

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

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

60 Minutes: Did Speculation Fuel Oil Price Swings?

60 Minutes: Did Speculation Fuel Oil Price Swings? (CBS) ... , a commodity that was theoretically priced according to supply and demand doubled from $69 a barrel ... at a certain price at some date in the future. Read more... January 12, 2009 | Leave a Comment [more...]

Date: 2009-01-13 00:59:56

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

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

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 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

After the G-8: It’s Every ‘Man’ for Himself

... Brzail - Estadao - Original Article (Portuguese) Based on the evolution of the futures markets, oil ... interval. Some recent price quotes and forecasts have already influenced the trade in wheat [more...]

Date: 2008-07-13 18:32:53

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

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

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

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

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

Media Hyped Gustav Fizzles Out, Oil and Gas Prices Plummet

For almost a week, practically foaming at the mouth media members scared the heck out of the American people presaging doom and gloom in New Orleans ... .'' ... Crude-oil futures for October delivery fell $7.04, or 6.1 percent, to $108.42 a barrel at 11:42 ... as well as rising oil and gas prices all at the hands of a hurricane that hadn't even entered [more...]

Date: 2008-09-02 18:35:29

Free Fall: Oil Price Plummets to Near $63

Even after taking the weekend to digest OPEC’s announced production cut Friday, oil markets aren’t impressed. Crude oil futures kept falling Monday, approaching $63 a barrel and marking their lowest prices ... . “Fear is the word,” one broker told Bloomberg. [more...]

Date: 2008-10-27 16:36:41

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

Oil rises above $58 on heating oil, gas futures

Light, sweet crude for December delivery gained 60 cents to $58.20 a barrel on the New York Mercantile Exchange. Jim Ritterbusch, president of energy consultants Ritterbusch and Associates, said oil prices have been driven recently by equity and currency markets, but it appears some fundamentals are now driving price movement [more...]

Date: 2008-11-17 19:10:24

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 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

Exxon Mobil Corporation Valuation As Of 9 January 2009

Note: You can click through on any of the graphs to see a larger image ... to share price. The NYMEX WTI Oil Futures curve has shifted downwards. February, March and April [more...]

Date: 2009-01-11 19:43:57

Democratic Energy Bill Defeated; Republicans Show Some Stones

—Gabriel Malor Harry Reid's attempt to interfere in the commodities exchanges failed this morning along mostly partisan lines. Democrats are blaming high gasoline prices on "excessive" speculation in oil and gas futures. This is typical of Democrats, who would rather blame hedge funds (framed as "fat cats", but who serve [more...]

Date: 2008-07-25 18:45:08

The gas legislation we pass

By Kate Sheppard The House of Representatives took up a triumvirate of environment and energy-related bills today, ... Futures Trading Commission to exert tougher oversight of the oil futures markets. In a 402-19 vote ... or unreasonable fluctuations" in energy futures prices and trading activities that "prevent [more...]

Date: 2008-06-27 00:13:20

Oil Prices Mixed As Market Focuses On Soft Demand

NEW YORK: Oil prices were mixed on Tuesday as market concerns about soft demand eclipsed supply concerns amid rising geopolitical tensions in the ... due to deepening geopolitical frictions, analysts said. The New York futures contract hit an intra ... of an economic recovery in 2009, hedge funds back on commodities and finally cold temperatures,” said [more...]

Date: 2009-01-07 03:30:26

Gold Investments Market Update - Geopolitical Risk Escalates and Will Lead to Further Safe Haven Demand

Gold has commenced the New Year as it did in 2008 – up sharply in early trading before selling off somewhat. Gold surged (along with oil) ... . Gold Price Rupees per ounce Indian gold futures MAUc1 gained more than 29 percent in 2008 ... currencies so far this morning, gold has given up its earlier gains. The reemergence of geopolitical [more...]

Date: 2009-01-06 15:35:50

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

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