Category Archives: Trading

Crude Oil Gains Slightly –

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 –

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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Gold Below $1,700 –

Gold has fallen below $1,700 an ounce which is well off the 52 week high.  Gold was trading near the $1,800 an ounce mark as recently as early October.  Also, crude oil is slightly below $85 a barrel. To visit the Bloomberg … Continue reading

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Dow Rises Slightly –

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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Manufacturing Data Sends Crude Oil Lower –

Crude oil futures for October declined $1.17 after data from the Institute for Supply Management.  The purchasing managers index fell to 49.6 which is the lowest the index has been since July 2009.  A weak global economy has also contributed to … Continue reading

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Natural Gas Falls Ahead Of Storm –

Natural gas traded lower after forecasts predicted that Tropical Storm Isaac will miss major production areas of the Gulf of Mexico.  Natural gas traded slightly above $2.7 a million British Thermal Units.  Also, the Energy Information Administration indicated a larger than … Continue reading

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Natural Gas Trades Lower –

Natural gas traded lower on Thursday and settled at $2.724.  Mild weather forecasts and high inventory levels contributed to the decline.  Earlier, the Energy Information Administration indicated that natural gas storage increased 20 billion cubic feet last week.  Analysts had expected an increase … Continue reading

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Gold & Silver Increase –

Gold and silver increased after confidence rose following a European Union summit.  European Union leaders agreed to work at lowering the borrowing costs for Italy and Spain.  Gold rose 3% and settled slightly below $1,600 an ounce.  Silver increased by more … Continue reading

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Natural Gas Futures Decline –

Natural gas futures declined in trading on Friday and closed below $3 per million British thermal unit.  Rising supplies and a moderate weather forecast worked to drive prices lower in trading.  On Thursday, the Energy Information Administration indicated that gas … Continue reading

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Crude Oil Rebounds Slightly –

Crude oil rebounded slightly in Tuesday trading after falling 4% on Monday.  Manufacturing data from China helped to boost the price of crude oil which settled at $88.50 a barrel.  Euro zone economies are still weighing on the market with Eurpoean manufacturing numbers … Continue reading

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Import Prices Fall –

Import prices in June fell by the most since December 2008.  The drop in import prices was the sixth decline in the last seven months.  Import prices were driven lower by a drop in the cost of imported oil. To read … Continue reading

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Euro & Oil Rise –

The Euro climbed in trading on Monday and rebounded from lows reached on Friday.  The rally may be brief and the Euro could come under more pressure before the end of the summer.  Oil also rose on Monday with Brent crude … Continue reading

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Treasury Yields Shift On EU Agreement –

Treasury yields rose on the recent European Union agreement for Spain and Italy.  Treasury yields were trading late last week at slightly under 1.65%.  However, Treasury yields may reverse in the near term as investors evaluate economic conditions in the … Continue reading

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Euro Plan Sends Oil Higher –

European leaders announced plans to address the debt crisis and the news was well received by investors.  U.S. and European stocks rose and crude oil increased by over 9%.  Crude oil traded at almost 85$ a barrel on Friday which … Continue reading

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Brent Crude Rises –

A strike by Norwegian oil workers helped to drive Brent crude higher on Tuesday.  Brent crude rose over $2 a barrel in London trading and settled over $93 a barrel.  U.S. crude oil was only slightly higher in trading.  The strike has … Continue reading

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