Author Archives: Jim Sutliff

U.S. Bond Yields –

A recent MSN Money article discusses rising U.S. bond yields and the economic recovery.  An increase in bond yields may influence the housing market as well as investments in the public sector.  Recently, ten year Treasuries rose above the 2% mark hitting 2.04% … Continue reading

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Crude Oil Inventory Levels Rise In Cushing –

According to the Energy Information Administration, inventories of crude oil fell 11. 1 million barrels.  The decline was partly due to year end tax concerns in the refining industry.  However, crude oil inventories rose significantly in Cushing Oklahoma which is major storage … Continue reading

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Fiscal Cliff –

Republicans and Democrats are still far apart in negotiations to avoid the fiscal cliff.  Treasury Secretary Tim Geithner and Republican John Boehner are involved in the negotiation process.  There are only 31 days left until January 1st. To read a related Fox News … Continue reading

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Gold Below $1,700 –

Gold has fallen below $1,700 an ounce which is well off the 52 week high.  Gold was trading near the $1,800 an ounce mark as recently as early October.  Also, crude oil is slightly below $85 a barrel. To visit the Bloomberg … Continue reading

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U.S. Manufacturing Expands –

According to the Institute for Supply Management, the national factory activity index rose 1.9 to 51.5 in September.  This marked the first expansion of U.S. manufacturing since May.  New orders and employment also increased in September. To read a related MSN Money … Continue reading

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Manufacturing Data Sends Crude Oil Lower –

Crude oil futures for October declined $1.17 after data from the Institute for Supply Management.  The purchasing managers index fell to 49.6 which is the lowest the index has been since July 2009.  A weak global economy has also contributed to … Continue reading

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Natural Gas Trades Lower –

Natural gas traded lower on Thursday and settled at $2.724.  Mild weather forecasts and high inventory levels contributed to the decline.  Earlier, the Energy Information Administration indicated that natural gas storage increased 20 billion cubic feet last week.  Analysts had expected an increase … Continue reading

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Natural Gas Futures Decline –

Natural gas futures declined in trading on Friday and closed below $3 per million British thermal unit.  Rising supplies and a moderate weather forecast worked to drive prices lower in trading.  On Thursday, the Energy Information Administration indicated that gas … Continue reading

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Import Prices Fall –

Import prices in June fell by the most since December 2008.  The drop in import prices was the sixth decline in the last seven months.  Import prices were driven lower by a drop in the cost of imported oil. To read … Continue reading

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Euro & Oil Rise –

The Euro climbed in trading on Monday and rebounded from lows reached on Friday.  The rally may be brief and the Euro could come under more pressure before the end of the summer.  Oil also rose on Monday with Brent crude … Continue reading

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Treasury Yields Shift On EU Agreement –

Treasury yields rose on the recent European Union agreement for Spain and Italy.  Treasury yields were trading late last week at slightly under 1.65%.  However, Treasury yields may reverse in the near term as investors evaluate economic conditions in the … Continue reading

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Pending Home Sales Index Rises –

The National Association of Realtors Pending Home Sales Index rose to 101.1 in May.  The 5.9% increase in May moved the index to a two year high.  The two year high was also reached in March and previously in April 2010. … Continue reading

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Brent Crude Rises –

A strike by Norwegian oil workers helped to drive Brent crude higher on Tuesday.  Brent crude rose over $2 a barrel in London trading and settled over $93 a barrel.  U.S. crude oil was only slightly higher in trading.  The strike has … Continue reading

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Euro Debt Crisis Drives Crude Oil Lower –

The European debt crisis continued to weigh on crude oil prices in Monday trading.  Crude oil prices fell below $79 ahead of a two day meeting of European Union leaders.  Oil also fell as Tropical Storm Debby showed signs of weakening.  Oil … Continue reading

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OPEC Holds Output Steady –

OPEC has announced that the production ceiling will remain unchanged at 30 million barrels a day.  OPEC output for the month of May was above the production ceiling at 31.75 million barrels a day.  Global economic growth concerns were a contributing factor … Continue reading

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