Oil fell in electronic trading on expectations of lower demand. Demand for gasoline is expected to decline with the peak driving season coming to a close this weekend. The peak demand for heating oil does not start for a few months. NYMEX does not have floor trading today due to the holiday.
To read a related Bloomberg article, [...]
Bloomberg has an article on Master limited Partnerships and how they are gaining attention from investors. MLPs are an investment topic that is rarely covered in the mainstream media. Many of the securites are related to energy and natural resources.
To read the Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-08-05/limited-partnerships-let-wealthy-play-energy-tycoons-in-quest-for-income.html
Jim Sutliff
Bloomberg New Energy Finance is a central hub for news, data, and research on the new energy market. Biofuels, power storage, solar and wind, are just some of the energy sectors covered on the website. The industry intelligence link provides a wealth of information for investors and analysts.
To visit Bloomberg New Energy Finance, please click [...]
Oil moved above $81 a barrel on manufacturing data and an improved outlook for Chinese growth. Manufacturing data fell but not as much as expected and that was one factor in the brief rise in crude oil. A strong performance in global equity markets also indicated to some traders that the economy was improving which [...]
Tropical storm Bonnie help to send gasoline futures higher at the end of the week. The hurricane season is just beginning with Bonnie being only the second named storm of the year. Any significant storm in the Gulf region has the potential to disrupt refinery activity and send finished products higher in trading. Crude oil [...]
To get a quick overview of the markets take a look at the Markets Brief on Forbes. It provides news and insights on domestic and global markets. The report also provides valuable information on earnings reports and views from analysts regarding economic events.
To visit the Forbes Markets Brief, please click here:
http://www.forbes.com/markets/marketsbrief/
Jim Sutliff
Crude Oil rose to almost $78 on light trading and the increaed possibility of a storm in the gulf. The U.S. National Weather Center has identified a storm system that has a 40% chance of becoming a cyclone.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-07-20/caribbean-system-has-a-40-chance-of-developing-into-cyclone-center-says.html
Jim Sutliff
Crude oil rose to almost $78 and hit a two week high. Data indicated that inventory declined sharply last week and fell over 5 million barrels. Analysts expected inventory to decline only 1.5 million barrels. One reason for the decline was the increase in operating rates at refineries which rose to over 90%.
To read a related Bloomberg [...]
Jim Rogers is saying to sell bonds and to buy precious metals. Rogers predicted the commodities rally back in 1999 and is a frequent commentator on investment programs. His advice includes buying rice or silver and he also thinks the gold will hit $2,ooo an ounce. The gold price prediction did no tmention a date for [...]
The market continued to decline on Thursday on concerns of an economic slowdown. Stocks, commodities, and the Dollar all retreated on economic data. A poor economic picture was painted by numbers from manufacturing, home sales, and jobless claims.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-06-30/asian-stocks-won-drop-on-concern-recovery-is-faltering-bond-risk-climbs.html
Jim Sutliff
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