Category Archives: Trading

Oil And Gold Rise –

Oil hit 2 1/2 year highs in afternoon trading and fueled concerns regarding inflation.  Crude oil is putting pressure on the $110 dollar a barrel mark and some analysts are predicting $150 oil before the end of the year.  The inflationary … Continue reading

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Stocks Rise On Data –

Stocks finished the week with gains after the release of positive employment and manufacturing data.  The market had just completed the best first quarter since 1998.  The market gained in spite of oil rising to the highest level since September 2008. To read a … Continue reading

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Crude Oil Supplies Rise –

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 … Continue reading

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Stocks Rise –

The Dow Jones Industrial Average rose 50 points on Friday in light trading volume.  Corporate earnings helped to fuel the market as well as government data which indicated that GDP grew faster at the end of the year.  IBM and Chevron were market movers … Continue reading

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Crude Oil Inventories Rise –

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 … Continue reading

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Exxon Mobil (XOM) Lands Drilling Permit –

Exxon Mobil landed a deep-water drilling permit in the Gulf of Mexico.  The permit  will allow Exxon to drill in the Keathley Canyon Block 240 miles off the coast of Louisiana.  The Bureau  of Ocean Energy Management, Regulation and Enforcement started to … Continue reading

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Copper Expected To Fall –

The Bloomberg Chart of the Day highlights the recent decline in copper prices.  Copper futures may post their biggest decline monthly decline in over a year.  The decline in copper prices may continue in the near term due to weak economic numbers, … Continue reading

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Nasdaq Bid For NYSE –

Reports indicate that Nasdaq is close to making a bid for the New York Stock Exchange.  Nasdaq may require financing of $5 billion in new debt for the transaction.  The deal would make Nasdaq the leader in trading of U.S. stocks and could face antitrust … Continue reading

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Private Equity Backed IPOs –

HCA Holdings has placed private equity backed IPOs back in the spotlight.   The large initial public offering follows recent IPOs by Kinder Morgan and Nielson Holdings.  Reuters has an article on the ten largest U.S. private equity backed initial public … Continue reading

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Crude Oil Inventory Report –

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 … Continue reading

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Crude Oil To $200?

The Bloomberg Chart Of The Day looks at oil prices and outstanding $200 call options.  The article discusses the recent events in the middle east that are spiking interest in crude oil call options.  The number of $200 contracts are at … Continue reading

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Crude Oil Ends Lower –

 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 … Continue reading

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Turmoil Sends Oil Soaring –

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 … Continue reading

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NYSE Euronext Merging With Deutsche Boerse –

Deutsche Boerse will purchase NYSE Euronext with an all stock offer of $9.43 billion.  Deustche Boerse will have 60% of the resulting entity.  The deal still has to clear regulatory hurdles and gain approval from the U.S. Department of Justice and the Securities … Continue reading

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Oil And Gasoline Supplies Rise –

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 … Continue reading

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