Category Archives: Economic News

Dow Jones 16,000 –

Posted on 24. November 2013 by Jim Sutliff

The Dow Jones Industrial Average closed over 16,000 for the first time on Thursday.  The Dow Jones rose 109.17 on Thursday and closed at 16,009.99.  On Friday, the Dow added 54.78 points and closed at 16,064.77.  The Dow Jones Industrial … Continue reading →

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Gold & Silver Trade Lower –

Posted on 15. October 2013 by Jim Sutliff

December Gold and Silver were lower in Tuesday trading.  Gold settled slightly above $1,273 an ounce and Silver settled above $21 an ounce.  Gold started to trend lower last week as Congress moved closer to an agreement on the debt ceiling. To … Continue reading →

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Crude Oil Futures Decline –

Posted on 23. September 2013 by Jim Sutliff

Crude oil futures were lower in trading on Monday.   Expectations of lower crude oil demand from refineries and increased oil exports from Libya were contributing factors.  Gasoline and heating oil were also trading lower on Monday.  Gasoline inventories are significantly higher than they … Continue reading →

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Quantitative Easing Takes Center Stage –

Posted on 29. May 2013 by Jim Sutliff

The Dow Jones Industrial average fell over 100 points in Wednesday trading.  Investor concerns relating to the Federal Reserve possibly changing quantitative easing policy may have been a factor in the decline.  Mortgage REITs benefit from a low interest rate … Continue reading →

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Gold Prices Fall –

Posted on 3. April 2013 by Jim Sutliff

Gold prices fell over one percent in trading on Wednesday and settled at $1,553.50 an ounce.  Crude oil also fell in trading after U.S. Energy Information Administration data showed a strong increase in crude oil inventories.  For the week ending March … Continue reading →

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Crude Oil Rebounds –

Posted on 25. March 2013 by Jim Sutliff

Crude oil for May increased in trading on Monday and settled below $95 a barrel.  Positive economic data has helped to drive crude oil prices higher in trading.  In addition, crude oil inventory levels in Cushing Oklahoma have continued to fall .  Brent crude also traded higher on Monday and was … Continue reading →

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Crude Oil Prices Fall –

Posted on 3. March 2013 by Jim Sutliff

Prices of crude oil continued to fall and settled below $91 on Friday.  Global economic concerns and high inventory levels of crude oil are two forces driving the price of crude oil lower in trading.  Heating oil prices were also lower … Continue reading →

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U.S. Bond Yields –

Posted on 3. February 2013 by Jim Sutliff

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 Gains Slightly –

Posted on 22. January 2013 by Jim Sutliff

Crude oil continued to rise and traded over $96 a barrel on Tuesday.  Economic growth in China and unrest in Algeria supported prices.  In additon, the International Energy Agency increased their forecast for oil demand in 2013.  Crude oil prices have been increasing … Continue reading →

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Crude Oil Inventory Levels Rise In Cushing –

Posted on 4. January 2013 by Jim Sutliff

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 Sends Crude Oil Lower –

Posted on 23. December 2012 by Jim Sutliff

Republicans and Democrats finished the week without coming to an agreement that would avoid the fiscal cliff.  Fiscal cliff concerns helped to drive down the price of crude oil in Friday trading.  Crude oil fell to almost $88 a barrel after hitting $90 … Continue reading →

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Fiscal Cliff –

Posted on 1. December 2012 by Jim Sutliff

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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S & P Lowers Spain Ratings –

Posted on 12. October 2012 by Jim Sutliff

Standard & Poor’s lowered the long and short term credit ratings on Spain.  The long term credit rating was lowered from BBB+ to BBB- with a negative outlook.  The short term credit rating was lowered from A-3 to A-2. The downgrade was partially … Continue reading →

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U.S. Manufacturing Expands –

Posted on 1. October 2012 by Jim Sutliff

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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Dow Rises Slightly –

Posted on 20. September 2012 by Jim Sutliff

The Dow Jones Industrial Average rose slightly on Thursday and closed at 13,597.  Gold declined $8.70 to $1,763 an ounce.  Crude oil also fell and finished at $91.72 a barrel.  High inventory levels were a factor in driving the price of crude oil … Continue reading →

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