Category Archives: Trading

Euro Debt Crisis Drives Crude Oil Lower –

The European debt crisis continued to weigh on crude oil prices in Monday trading.  Crude oil prices fell below $79 ahead of a two day meeting of European Union leaders.  Oil also fell as Tropical Storm Debby showed signs of weakening.  Oil … Continue reading

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Spain Bond Yields Rise Above 7% –

Yields rose for Spanish bonds and traded above 7% on Monday.  The Euro also came under pressure and traded below $1.26 after rising in early trading.  The Euro also fell in trading against the Japanese Yen.  Election results in Greece worked … Continue reading

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OPEC Holds Output Steady –

OPEC has announced that the production ceiling will remain unchanged at 30 million barrels a day.  OPEC output for the month of May was above the production ceiling at 31.75 million barrels a day.  Global economic growth concerns were a contributing factor … Continue reading

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Crude Oil Falls Below $83 –

Crude oil fell and hit an eight month low in trading on Wednesday.  Crude oil settled at $82.62 a barrel after the Energy Information Administration indicated that crude oil fell 200,000 barrels last week.  In addition, the Organization of Petroleum Exporting Countries will meet … Continue reading

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Stocks Advance –

The Dow Jones Industrial Average came out of the gate strong and gained almost 100 points before pulling back in Monday morning trading.  Traders viewed European support for Spain banks positively and European markets were also higher.  Elections in Greece … Continue reading

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Gold Tumbles –

Gold tumbled in trading on Thursday and fell $46.20 an ounce to $1,588.  Silver and copper also fell in trading on Thursday.  Gold rebounded slightly on Friday and increased $7.10 an ounce. To read a related Bloomberg Businessweek article, please … Continue reading

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Treasury Yields Drop –

Treasury Yields finished the week lower on Thursday as well as Friday.  Yields for the ten year Treasury fell below 1.50% by the end of the week.  Investors shifted to the safety of US Treasuries as concerns grew regarding the European debt crisis.  Yields for German … Continue reading

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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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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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