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20. August 2011 by Jim Sutliff.
Stocks continued to decline at the end of the week but commodities started to rebound. Growth projections for developing countries increased demand for raw materials. Commodities advancing at the end of the trading week were silver, cooper, gold, and gasoline. Gold finished the week at over $1,850 an ounce.
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Jim Sutliff
Posted in Oil, Options & Futures, Stocks, Trading, Natural Gas, Metals, Economic News, Gasoline, General, Investments, Banking | No Comments »
22. June 2011 by Jim Sutliff.
Crude oil fell to $94 a barrel after the Federal Reserve lowered the economic growth forecast. Crude oil inventories also fell 1.71 million barrels which was slightly less than analysts had expected. The Energy Department also released figures that showed a drop in gasoline inventory by 464,000 barrels. Gasoline had been expected to increase by 1 million barrels.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Options & Futures, Trading, Federal Reserve, Oil, Investments, Gasoline, General, Economic News | No Comments »
11. June 2011 by Jim Sutliff.
A recent MarketWatch article on investing tips for alternative assets discussed viewpoints of money managers. Money managers at a MarketWatch conference stated that emerging markets will lead to further growth in commodities. The market demand for products will cause the demand for raw materials to increase and will drive up the cost of gold, silver and other materials.
To read the MarketWatch article. please click here:
http://www.marketwatch.com/story/digging-for-value-in-gold-silver-commodities-2011-05-10
James Sutliff
Posted in Infrastructure, Investments, Metals, Oil, General, Gasoline, Bonds, Currency, Economic News, Banking | No Comments »
19. May 2011 by Jim Sutliff.
Crude oil rose above $100 a barrel after an Energy Department report indicated that supplies remained flat. Analysts had expected a rise in crude oil inventory by 500,000 - 700,000 barrels. Also, gasoline inventories rose 100,000 barrels which fell short of the nearly 600,000 barrel increase predicted by analysts.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/oil-futures-gain-as-dollar-declines-2011-05-17?dist=countdown
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
11. May 2011 by Jim Sutliff.
Crude oil inventories jumped 3.8 million barrels according to a report from the U.S. Department of Energy. The increase was more than three times the 1.2 million barrels that was predicted by analysts. Market factors also weighed on oil prices and the commodity fell in trading. Gasoline and distillate stocks fell more than expected but the decrease did not impact trading activity.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20110511-711691.html
James Sutliff
Posted in Options & Futures, Stocks, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
4. May 2011 by Jim Sutliff.
Crude oil fell after an Energy Department report indicated that inventories rose 3.42 million barrels. The increase puts crude oil inventories at their highest levels since last October. A Bloomberg survey of analysts had predicted a rise in crude inventories of 2 million barrels. The survey had also expected a rise in gasoline inventories of 500,000 barrels. Gasoline inventories declined 1.05 million barrels even as gasoline consumption fell 8.94 million barrels last week.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Options & Futures, Trading, Investments, General, Gasoline, Economic News | No Comments »
1. May 2011 by Jim Sutliff.
Exxon Mobil reported earnings on Thursday that indicated a very strong first quarter. Exxon earnings beat analyst expectations and were $2.14 per share. Exxon quarterly profit was almost $11 billion which is up from the $6.3 billion the company posted for the first quarter last year. Trading activity was high for Exxon Mobil (XOM) at the end of last week.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/oil-shares-shrug-off-criticism-as-profits-swell-2011-04-29
Jim Sutliff
Posted in Stocks, Trading, Earnings, Options & Futures, Oil, General, Investments, Gasoline | No Comments »
8. April 2011 by Jim Sutliff.
Crude oil continued to rally and reached a 30 month high at nearly $113 dollars a barrel. Crude rose with other commodities like gold and tin which also reached trading highs on Friday. Investors shifted holdings to commodities as speculation grew that the Federal Reserve would raise rates at a slower pace than other central banks.
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James Sutliff
Posted in Options & Futures, Oil, Regulatory, Interest Rates, Trading, Metals, Investments, Bonds, Currency, Economic News, Gasoline, Banking | No Comments »
30. March 2011 by Jim Sutliff.
Crude oil supplies rose 2.95 million barrels and gasoline inventories dropped 2.7 million barrels. Distillate stocks rose slightly with refinery activity preparing to shift to gasoline for the summer driving season. Crude oil fell in light trading volume as a result of the energy report.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/03/30/us-markets-oil-idUSTRE72D01W20110330
James Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
23. March 2011 by Jim Sutliff.
Crude oil inventories rose by 2.1 million barrels to 352.8 million barrels which is the highest level since last November. Supplies of gasoline fell 5.3 million barrels and inventories of distillates were unchanged. In addition, refinery utilization rates and demand for gasoline increased last week.
To read a related Seeking Alpha article, please click here:
http://seekingalpha.com/article/259802-crude-inventories-at-5-month-high
James Sutliff
Posted in Oil, Options & Futures, Trading, Natural Gas, Investments, Gasoline, General, Economic News | No Comments »
9. March 2011 by Jim Sutliff.
Despite a rise in inventory, crude oil is still trading in the $105 range. The Department of Energy released their weekly inventory report that showed crude inventories rising 2.5 million barrels. The increase was larger than analysts had expected and adds to the already high inventory levels. The report also indicated that gasoline supplies fell 5.5 million barrels and distillates declined 4 million barrels.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/BT-CO-20110309-708995.html
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
24. February 2011 by Jim Sutliff.
Crude oil reversed an upward trend in the final hours of trading on Thursday. Crude oil had topped the $100 mark but ended up lower on the day finishing down almost $2 dollars. News relating to a Saudi Arabian aid package helped to ease concerns for the region. In addition, the energy inventory report indicated another weekly increase in supplies. The oil market remains well-supplied with over 4 million barrels a day of OPEC spare capacity.
To read a related MarketWatch article, please click here:
Jim Sutliff
Posted in Options & Futures, Trading, OPEC, Oil, Natural Gas, Gasoline, General, Investments, Economic News | No Comments »
22. February 2011 by Jim Sutliff.
Reuters reports that Libya has declared a Force Majeure on some oil shipments. A force majeure would clear companies of some contractual obligations due to events beyond their control. Specific details relating to the force majeure declaration are unclear and all ports are not effected by the turmoil.
To read the Reuters article, please click here:
http://www.reuters.com/article/2011/02/22/us-libya-fuels-exports-idUSTRE71L5ZO20110222
James Sutliff
Posted in Options & Futures, Political News, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
11. February 2011 by Jim Sutliff.
Gasoline prices hit an all-time high for this time of year at $3.127 per gallon. The price is 50 cents higher than last year at this time and 6 percent higher than in 2008. In 2008, gasoline prices went on a run and hit a ceiling in July at $4.11 per gallon.
To read a related Yahoo! article, please click here:
James Sutliff
Posted in Investments, General, Gasoline | No Comments »
10. February 2011 by Jim Sutliff.
Oil and Gasoline supplies rose last week and that sent prices lower in trading. Oil prices are under pressure from rising inventories and increased output from OPEC. Supplies of oil rose 1.9 million barrels last week to 345.1 million barrels. Gasoline supplies rose 4.7 million barrels to 240.9 million barrels.
To read a related Yahoo! article, please click here:
http://finance.yahoo.com/news/Oil-prices-fall-as-supplies-apf-2431049096.html?x=0
Jim Sutliff
Posted in Options & Futures, Trading, OPEC, Oil, Natural Gas, General, Investments, Gasoline | No Comments »