crude oil prices
crude oil prices Articles
When futures options for crude oil predict that prices will rise to $120/barrel by the end of the year, and industry analysts are looking at prices closer to $101/barrel, it’s tough to know whom to...
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Analysts at a number of investment banks suggest that BP plc (NYSE: BP) follow the lead of ConocoPhillips Corp. (NYSE: COP) and Marathon Oil Corp. (NYSE: MRO) in splitting off the company’s...
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For the first time in more than a month, WTI crude oil has touched the $100/barrel mark after falling below $91/barrel in mid-June. The move is likely the result of yesterday’s IEA report that...
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Even though the US Federal Reserve downplays the contribution of commodity prices in the US core inflation rate, that doesn’t mean that everyone agrees. In fact, most of us who pay more for a...
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Yesterday’s announcement by the International Energy Agency that member nations, including the US, would release 60 million barrels of crude sliced 5% off the price of a barrel of WTI crude. Oil is...
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This morning’s announcement by the International Energy Agency that it would release 60 million barrels of crude from member nations’ stocks has dealt a crushing blow to commodity prices. Only...
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Exxon Mobil Corp. (NYSE: XOM) has announced two oil discoveries in the US Gulf of Mexico, totaling more than 700 million barrels of oil equivalent. The finds are the company’s first since the end...
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Today’s commodities markets are being driven by a new report from Goldman Sachs Group Inc. (NYSE: GS) essentially reversing its ‘sell’ report of scarcely six weeks ago. Copper prices remain...
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Today’s commodities news starts with a rise in margin requirements on crude oil contracts, and then looks at weather effects on both crude oil refining and US grain prices. We conclude with a look...
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Today’s commodity news focuses on the dramatic decline virtually across the board in commodity prices. There’s also news on the Glencore IPO and on a big corn buy from China. Led by a 6% drop in...
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The sell-off in shiny metals leads off today’s commodities news. We also note new data that shows the US is a net exporter of oil for the first time in 20 years and some hope that coffee prices...
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With pump prices for gasoline approaching $4/gal everywhere and $5/gal in some US cities, it would seem logical that crude oil refiners are a good bet to do well. It’s not that simple, though, and...
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Commodity news today begins with a look at counting barrels of oil. There are also reports of a single buyer holding as much as 89% of the lead in storage in London, and new estimates are released on...
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Today’s commodities news leads off with report that Goldman Sachs Group Inc. (NYSE: GS) and its leading commodities strategist are recommending that investors abandon long positions in copper and...
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As we begin the week, prices for many commodities are rising, while only gold and oil are falling. Corn prices continue to climb and cocoa futures are up again as well. First, there have been several...
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