Monthly Archives: April 2010

Economist: Big Mac Index –

Economist magazine has a Big Mac Index that is worth examining.  The index illustrates how the Yuan is an undervalued currency and is artificially weak.  What would Friday be like without a good chart? To read the Economist Big Mac … Continue reading

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Crude Inventory & Futures Gain –

Crude inventories rose more that 2 million barrels and that figure is more than double analyst expectations.  Nevertheless, Crude futures are still rising and some of the gains can be attributed to seasonal activity.  Refiners also increased capacity to 89% … Continue reading

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Oil Contango Soars –

The storage costs for oil are soaring and are currently at the highest level in nearly four months.  Inventories are at a near record high and the premium for future delivery is around the same cost as storage.  The rising … Continue reading

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EIA Data Shows Gain –

EIA data released this morning showed a rise of 1.9 million barrels of crude oil.  An inventory rise of 300,000 barrels was expected from analysts.  Stockpiles of Gasoline rose 3.6 million barrels and a slight increase of only 100,000 barrels … Continue reading

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Natural Gas Plummets –

Natural Gas took a dive today with prices falling over 2o cents for the May, June, and July contracts.  Supplies grew higher than analysts expected and the rig counts also increased in number.  Unemployment numbers also increased which indicated to … Continue reading

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Oil Inventory Declines –

Inventory of crude oil declined 2.2 million barrels today which was a major difference from analysts expectations.  A Platts survey indicated that an increase of 1.6 million barrels would be in the released data.  The news sent crude over the … Continue reading

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Yuan Revaluation –

Currency speculation is picking up on reports of a possible Yuan revaluation.  The Yen & Dollar are two currencies that are expected to benefit from a revaluation of the Chinese currency.  Both curencies are viewed as a safe haven by … Continue reading

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Yuan –

The Chinese Yuan has been pegged to the Dollar for almost 21 months and that may end.  However, the change may not help American exporters due to the barriers of the Chinese government.  The peg of the Chinese currency has … Continue reading

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Job Report Makes Oil Surge –

A positive job report was released and this sent oil to almost $87 dollars a barrel.  Trading today marked the highest that oil has reached in the last 17 months.  Some analysts view the job report as a sign that … Continue reading

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SandRidge Energy Acquires Arena –

SandRidge Energy acquired Arena Resources Inc. for $1.6 billion in cash and stock.  The move is an attempt by SandRidge to move away from Natural Gas and towards Oil.  Tom Ward, the SandRidge CEO, stated that drillers can make ten … Continue reading

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Natural Gas Storage –

The all important storage report for natural gas was released today and it indicated that supplies grew less than expected.  Analysts predicted an increase of 14 to 18 billion cubic feet but supplies only grew by 12.  This number also … Continue reading

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