Category Archives: Economic News

Crude Oil Closes Below $90 –

Crude oil fell slightly on Tuesday and closed below $90 a barrel.  Traders weighed European economic concerns and the possibility of rising levels of crude oil inventory.  The Euro was also trading lower against the U.S. Dollar. To read a related Wall Street … Continue reading

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Euro Declines –

The Euro declined more than 2% this week and traded below $1.25 on Friday.  The last time that the Euro traded at this level was July 2010.  Elections will be held in Greece on June 17th and the results are likely to have an impact on … Continue reading

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Oil Closes Below $92 –

Crude oil fell in Tuesday trading to $91.66 a barrel.  Recent elections in Europe and the possibility of a recession in the Euro zone are driving down prices.  Gasoline prices were almost unchanged in trading. To read a related MSN article, … Continue reading

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Natural Gas Inventory Rises –

Natural gas inventory exceeded analyst expectations and increased 61 billion cubic feet last week.  The Energy Department indicated that natural gas inventory levels are at 2.667 trillion cubic feet.  Inventory levels remain higher than the same time last year. To read … Continue reading

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Yield Falls On Ten Year TIPS –

The yield on 10 year Treasury Inflation Protected Securities (TIPS) fell into negative territory for only the third time in history. A recent U.S. government sale of $13 billion in 10 year TIPS sold at a negative yield of 0.391%. … Continue reading

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Euro Trades Lower –

The Euro traded at $1.2752 which is the lowest mark since January 18th.  The Euro has fallen in five of the last six trading sessions.  Ten year yields on Italian and Spanish debt rose to 6% in trading.  GDP in … Continue reading

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Gasoline Inventories Fall –

Gasoline inventories declined 2.6 million barrels and distillate inventories fell 3.3 million barrels.  The Energy Information Administration also indicated that crude oil increased 3.7 million barrels which was greater than the 2 million barrel increase expected by analysts.  Inventories of … Continue reading

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Elections May Rattle Currency Markets –

Elections in France and Greece may impact the Euro in the near term.  France elected Francois Hollande of the Socialist party by a slim margin over President Nicholas Sarkozy.  Hollande is not expected to support austerity measures.  Hollande is the first … Continue reading

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Natural Gas Prices Fall –

Natural gas prices fell 2.6% in Friday trading to cap off a week of price volatility.  Natural Gas prices during the week showed gains of as much as 4.5% and declines as steep as 5%.  June natural gas settled at … Continue reading

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Manufacturing Data Sends Oil Higher –

According to the Institute of Supply Management, U.S. manufacturing for April increased the most in ten months.  The data sent crude oil prices higher in trading on Tuesday.  Crude oil prices rose above the 50 day moving average of $105.21 a … Continue reading

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Spain Credit Ratings Lowered –

Standard & Poor’s lowered the credit rating of Spain to BBB+ from A.  The two notch downgrade is partially due to the risks associated with the government debt.  In addition, Standard & Poor’s discusses concerns relating to budget projections and the banking … Continue reading

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Treasury Prices Fall –

Federal Open Market Committee minutes indicated that a third round of quantitative easing may not happen in the near term.  The Fed minutes sent Treasury prices lower and yields higher.  Yields on the 10 year Treasury went to 2.28%. To read a related … Continue reading

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Oil Inventories Rise 7.1 Million Barrels –

According to the U.S. Energy Information Administration, crude oil inventories rose 7.1 million barrels.  The inventory increase worked to drive crude oil prices lower in trading.  The increase exceeded analyst expectations of a much lower 2.2 million barrel rise in … Continue reading

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Treasuries Rise –

The yield on 10 year Treasures fell 7 basis points in afternoon trading on Tuesday.  The demand for Treasuries increased after there were declines in homes prices and consumer confidence.  There was also higher demand for the sale of $35 billion of … Continue reading

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Crude Oil Rises On Iran –

Crude oil spent most of the day in a trading range of $105 to $108 a barrel.  The rise in crude oil prices and trading volatility came after oil exports from Iran were estimated to have dropped 300,000 barrels a day.  The weaker … Continue reading

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