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21. February 2012 by Jim Sutliff.
Gold prices rose to over $1,755 an ounce after European Union finance ministers agreed to another Greek bailout. The second Greek bailout provided by the Euro zone is approximately $172 billion. In Tuesday trading, gold hit the highest mark since February 3rd. Silver also traded higher and rose to $34.13 an ounce.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/02/21/us-markets-precious-idUSTRE80T1QZ20120221
James Sutliff
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19. February 2012 by Jim Sutliff.
Crude oil traded at a 9 month high as tensions increased with Iran cutting supplies to companies from the U.K. and France. In addition, traders weighed the economic gains of a second Greek bailout. Crude Oil rose to $105 a barrel which is the highest mark since May 5th.
To read a related Bloomberg article, please click here:
Jim Sutliff
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13. February 2012 by Jim Sutliff.
Natural gas continued to slide with March futures falling almost 2% to $2.431. Mild winter weather forecasts lowered expectations of heating demand for the next week. In addition, natural gas supplies have remained well above average levels.
To read a related Wall Street Journal article, please click here:
http://online.wsj.com/article/SB10001424052970204795304577220950935275494.html
James Sutliff
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11. February 2012 by Jim Sutliff.
According to the Energy Information Administration, natural gas supplies fell 78 billion cubic feet last week. The decline was less than the 84 to 88 billion cubic feet decrease that analysts had expected. Current inventory levels are almost 33% higher than the five year moving average.
To read a related CBS Moneywatch article, please click here:
http://www.cbsnews.com/8301-505245_162-57373935/us-natural-gas-supplies-fell-last-week/
Jim Sutliff
Posted in Options & Futures, Trading, Natural Gas, Investments, General, Economic News | No Comments »
2. February 2012 by Jim Sutliff.
Crude oil inventories continue to rise and hit a three month high last week. The Energy Department indicated that crude oil supplies increased to 338.9 million barrels. That mark is 4.18 million barrels higher than the previous week. Gasoline also had weak demand with consumption falling 7.97 million barrels a day. Gasoline inventories increased by 3 million barrels last week.
To read a related Bloomberg article, please click here:
Jim Sutliff
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23. January 2012 by Jim Sutliff.
The U.S. Department of Energy lowered their estimate of natural gas reserves in the Marcellus Shale. The previous estimate of 410 trillion cubic feet has been adjusted to 141 trillion cubic feet. Energy Department estimates are based on reserves that can be recovered with the current technology. The Marcellus Shale extends through several states which include New York, Pennsylvania, and Ohio.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Regulatory, Trading, Options & Futures, Natural Gas, General, Investments, Alternative Energy | No Comments »
19. January 2012 by Jim Sutliff.
Natural gas fell more than 6% in trading on Thursday and settled at $2.3220 per 1,000 cubic feet. Natural gas supplies have steadily increased and warmer than normal weather is expected over the next few weeks. Gasoline and crude oil fell slightly and heating oil rose 2.26 cents.
To read a related MSN Money article, please click here:
http://money.msn.com/business-news/article.aspx?feed=AP&date=20120119&id=14709809
James Sutliff
Posted in Options & Futures, Trading, Oil, Natural Gas, General, Investments, Gasoline | No Comments »
12. January 2012 by Jim Sutliff.
According to the U.S. Energy Information Administration, crude oil supplies rose by 5 million barrels last week. In addition, gasoline inventories rose 3.6 million barrels and distillates increased by 4 million barrels. All of the inventory increases were well above analyst expectations. A significant drop in demand levels was a factor in the supply figures. Crude oil was trading near the $100 dollar mark on Wednesday.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/11/us-markets-oil-idUSTRE7AD06820120111
Jim Sutliff
Posted in Options & Futures, Political News, Trading, Earnings, Oil, Investments, Gasoline, General, Infrastructure, Economic News | No Comments »
8. January 2012 by Jim Sutliff.
Natural gas rose slightly at the end of the week and closed at $3.062. Forecasts of colder weather countered inventory reports which had sent natural gas prices lower. Colder weather is expected in the Northeast for January 16th through the 20th. Warmer than normal winter weather has put pressure of natural gas and oil prices this season.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Oil, Options & Futures, Trading, Natural Gas, Metals, General, Investments, Economic News | No Comments »
2. January 2012 by Jim Sutliff.
Silver started off the new year by gaining two percent in trading on Tuesday. Silver dropped almost 10 percent in 2011. Gold also rose slightly and settled up .4 percent at $1,573.70. Gold finished up 10 percent for 2011.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/01/03/us-markets-precious-idUSTRE7AK1M520120103
Jim Sutliff
Posted in Trading, Options & Futures, Metals, Investments, General | No Comments »
27. December 2011 by Jim Sutliff.
Crude oil continued to climb and settled over $101 a barrel. Geopolitical forces pushed crude higher as traders returned on Tuesday. Supply reports may weigh heavily on trading activity in the next few weeks. Warmer than normal temperatures in the northeast could increase supplies and send crude oil lower.
To read a related Wall Street Journal article, please click here:
James Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Gasoline, General, Economic News | No Comments »
20. December 2011 by Jim Sutliff.
Economic data sent oil prices higher in trading on Tuesday. Housing starts and building permits rose and data from Europe looked strong. Also, supplies of crude oil fell 4.6 million barrels last week which was higher than analyst expectations.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/12/20/us-markets-oil-idUSTRE7AD06820111220
Jim Sutliff
Posted in Stocks, Interest Rates, Trading, Options & Futures, Oil, Economic News, General, Investments, Banking | No Comments »
8. December 2011 by Jim Sutliff.
Stock markets across Asia fell with Japan’s Nikkei dropping 1.6% and Korea’s Kospi Composite falling 1.9%. New Zealand and Australian markets were also lower in trading. European debt crisis concerns were the driving force in the markets. The Euro fell to $1.3345 against the Dollar and gold rose $7.40 to $1,713.20 an ounce.
To read a related Wall Street Journal article, please click here:
James Sutliff
Posted in Stocks, Interest Rates, Trading, Euro, Options & Futures, Investments, Bonds, Currency, Economic News, General, Banking | No Comments »
1. December 2011 by Jim Sutliff.
European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower. Crude oil settled at slightly higher than $100 dollars a barrel on Thursday. This is the first time since February 2009 that Chinese manufacturing has contracted.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Oil, Trading, Earnings, Euro, Investments, General, Bonds, Currency, Economic News, Gasoline, Banking | No Comments »
28. November 2011 by Jim Sutliff.
Thanksgiving weekend sales rose and crude oil prices followed in trading on Monday. Crude oil futures broke the $100 dollar mark and hit their highest level since November 17th. On the supply side, Libyan output increased to over 750,000 barrels a day.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Trading, Oil, Investments, Economic News, General, Banking | No Comments »