Tag: oil-prices

Brent Crude at $104 per Barrel on Spreading Mideast Unrest

Filed in commodities, Gold, Lear, New Gold, o, Spot Gold by on February 15, 2011 0 Comments
Brent Crude at $104 per Barrel on Spreading Mideast Unrest

Filed under: China , Middle East , Commodities , Oil When it comes to the biggest threat to world economies, oil scarcity is second only to nuclear war. What started in Tunisia, then spread to Egypt has now spreading to Bahrain and Iran, where protesters are clashing with police. In Iran, lawmakers are threatening death to protesters. The fear of chaos spreading across the Middle East has sent the oil market into overdrive. Brent crude traded at $104 per barrel Tuesday. Continue reading Brent Crude at $104 per Barrel on Spreading Mideast Unrest Brent Crude at $104 per Barrel on Spreading Mideast Unrest originally appeared on BloggingStocks on Tue, 15 Feb 2011 11:00:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Oil Tops $80 per Barrel on Chinese Growth Outlook

Filed in hsbc, New Gold, Spot Gold by on August 2, 2010 0 Comments
Oil Tops $80 per Barrel on Chinese Growth Outlook

Filed under: China , Market Matters , Oil , Currency The price of oil has topped $80 per barrel. Crude for September delivery rose to $80.43, up $1,48 . Brent crude rose $1.61 to $78.79. U.S. natural gas shot up over $5 per million British thermal unit (BTU). Oil futures climbed 4.4% in July. Traders and investors are speculating that China will reverse its policy aimed at slowing growth. Growth in China is at its lowest level in a year. HSBC Holdings and Markit Economics reported that China’s purchasing managers index fell to 48.4, from 50.4 in June. The purchasing managers index stood at 51.2 in July. Continue reading Oil Tops $80 per Barrel on Chinese Growth Outlook Oil Tops $80 per Barrel on Chinese Growth Outlook originally appeared on BloggingStocks on Mon, 02 Aug 2010 12:40:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Oil Trades Up to $73 on Expected Inventory Drop

Filed in earnings, New Gold by on July 7, 2010 0 Comments
Oil Trades Up to $73 on Expected Inventory Drop

Filed under: International Markets , Forecasts , Indices , Economic Data , Oil Oil traded higher today. After falling for six straight session, U.S. crude was up 2.1% to $73.48 . The catalyst was an expected drop in inventories. The U.S. Energy Information Administration will likely show a drop of 2.8 million barrels, according to Reuters analysts. Gasoline inventories were forecast down 300,000 barrels. The rally was also fueled by the jump in U.S. stocks. The Dow Jones Industrial Average is up 1.17% powered by better than expected earnings from State Street Corporation ( STT ). Robert Yawger, commented that: “More than anything else, its the strength in equity markets that are supporting crude oil markets.” Continue reading Oil Trades Up to $73 on Expected Inventory Drop Oil Trades Up to $73 on Expected Inventory Drop originally appeared on BloggingStocks on Wed, 07 Jul 2010 17:30:00 EST. Please see our terms for use of feeds . Read  |  Permalink  |  Email this  |  Comments

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U.S. Housing Data Spurs Late Gains in Oil Prices after Mixed Week

Filed in commodities, euro, Gold, Gold Investing, goldman sachs by on April 24, 2010 0 Comments

OilPrice.com Oil Market Summary for 04/19/2010 to 04/23/2010 After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of last week’s losses as positive new-housing sale data spurred most markets forward. The decision by the Greek government on Friday to activate a bailout plan from the European Union and the International Monetary Fund eased pressure on the euro, contributing to oil price gains as the dollar slipped against the joint European currency. The benchmark West Texas Intermediate contract gained $1.42 Friday to end the week at $85.12 a barrel, compared with the benchmark’s finish of $83.24 in the previous week. An unexpectedly strong gain of 27% in U.S. new housing sales in March – the strongest monthly gain in nearly five years – galvanized a market looking for any sign of a pickup in U.S. demand for oil. Stock markets also advanced on the news, led by energy stocks. The week started with oil prices taking a hit in the wake of Iceland’s volcano grounding most northern European flights and then bounced back on Tuesday as authorities began to ease flight restrictions. Some analysts also cited lingering concern about U.S. fraud charges against Goldman Sachs for Monday’s decline, after the announcement of the civil suit last Friday pushed most markets down. The weekly U.S. inventory report on Wednesday was bearish for oil prices, showing high stockpiles of crude in the Midwest, where influx of new Canadian oil and a temporary slump in demand due to refinery maintenance led to a build-up in stocks. For much of the week

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Banana prices move sharply higher

Filed in Gold Holdings by on April 5, 2010 0 Comments

Banana prices have risen by more than a third and are on track to break the Ł1 a kilogram barrier, suppliers say.High oil prices and poor exchange rates have pushed prices up 35% compared with last year, a report in the Grocer says . The trade Banana prices move sharply higher

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Oil Prices Will Eventually Change Everything Drastically

Filed in economy, New Gold, silver by on March 9, 2010 0 Comments

I was plying the interstate highways of New England this weekend — there is no sane way to get from Albany, New York, to the vicinity of Middletown, Connecticut, by public transit — marveling at the vistas of normality all around me: the freeway lanes with their orderly streams of happy motorists, the chain stores floating like islands on the gray undulating landscape, the corporate towers of Springfield, Mass, and then Hartford, gleaming in the persistent pre-spring sunshine, as though they physically represented the wished-for dynamism of economies in recovery. “I see dead people…” said the kid in that horror movie. I see dying ways of life. There was no denying the spectacular weather for us long-suffering northeasterners. A week ago, it was like living in a banana daiquiri around here. Now, it was sixty-two degrees in East Haddam, CT, along a very beautiful stretch of the Connecticut River somehow miraculously unmarred by the usual mutilations of industry or recreation. On a few hillsides facing south, daffodils were already up with blossom heads ready to pop. The mind could go two ways: into the past, when wooden sailing craft were built in yards along the river; or into the future, when it would be easy to imagine wooden sailing craft being built there again, only twenty miles or so from the great sheltered mini-sea of Long Island Sound. Whatever else one thinks of how we live these days, it’s hard to not see it as temporary, historically anomalous, a peculiar blip in human experience. I’ve spent my whole life riding around in cars, never questioning whether the makings of tomorrow’s supper would be there waiting on the supermarket shelves, never doubting when I entered a room that the lights would go on at the flick of a switch, never worrying about my personal safety. And now hardly a moment goes by when I don’t feel tremors of massive change in these things, as though all life’s comforts and structural certainties rested on a groaning fault line. It had been one of those …

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Investorideas.com – Kitcommentary from Kitco Metals Inc. – "Upside …

Filed in African Gold, Australian Gold, Gold, World Gold Council by on March 5, 2010 0 Comments

US stock futures added to their gains after the report, as did crude oil prices, but gold headed some $2 lower on the mildly stronger dollar. Perhaps it is too early to glean the eventual direction and closing levels foe this last day of … The highly successful Aussie website is planning to incorporate, over time, information on gold bullion coins – with support from the World Gold Council. As regards the “International Guide”, at this time we are not aware of another …

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Investment Strategies: For Market-Beating Profits, Here Are Three Stocks That Aren’t on Wall Street’s Radar Screen

Filed in Gold Investing, Gold Prices, silver by on February 17, 2010 0 Comments

When I was an analyst at the uber-contrarian Avalon Research Group , we only initiated coverage on a stock if our opinion went against the consensus, or if the security was barely (or not at all) followed by Wall Street. For this column, I’m going to focus on the latter – and show you how this seemingly unconventional investment strategy can actually make you a lot of money. If you want quantifiable proof, consider this nice bit of research from Cem Demiroglu at Koc University in Turkey, and Michael Ryngaert at the University of Florida: In 2008, they conducted a study that showed that stocks without any analyst coverage experienced a 4.82% higher return than their peers after coverage initiation. The lesson here is simple.

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Energy Security and the Regulation Imperative in a New Economic Era

Filed in Gold by on January 9, 2010 0 Comments

id the economic crisis stabilize oil prices? What is the future of energy security? Has China bypassed the United States in the green energy revolution? How will the global community approach the “fourth corridor” pipeline in relation to Iranian power and Russian resurgence? Dr. Daniel Fine, research associate at the Massachusetts Institute of Technology’s Mining and Minerals Resources Institute, addressed a diverse set of energy-related questions at The Fletcher School on September 15. The presentation was part of the International Security Studies Program Global Speaker Series. Original Article: Forum: News/Activism

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Investing Lessons Learned from 2009

Filed in economy, Gold Prices, silver by on January 1, 2010 0 Comments

I am not big on New Year resolutions; they tend to be forgotten after the first few weeks of the year. Instead, I’ve found it much more useful to look back on the last year – fully exploiting the 20/20 hindsight vision – and see what worked and what didn’t. This “lessons learned” exercise provides a very useful operating framework for the New Year. This is as relevant for investing habits as it is for personal/private ones. The best way to share these investing lessons is by telling you about the creation of our Zacks Top 10 for 2009 portfolio. Our team worked on this in December 2008 and early January 2009. Can you think of a scarier time in which to pick a portfolio of stocks to outperform in the year ahead? Gladly we did many things right with this portfolio, given its market-topping +34.1% return. However, we also had our shortcomings. The goal of this article is to learn from both the good moves and the bad in order to invest even more successfully in 2010. The Top/Down Approach We used the Top/Down approach in constructing the portfolio. This means we scoured the big picture of the economic landscape first, getting a good sense of the potential health of corporate earnings. At this stage, we start to target groups that are most likely to outperform. By ‘groups’ I mean concepts like industry exposure, market cap bias, aggressive or defensive stocks, etc. Once this is in place, it becomes much easier to select the best stocks in the best groups to fill out the portfolio. Lesson Learned: You may not always predict things correctly with this process, but no other method is as complete in order to construct a portfolio. Certainly this should be part of everyone’s investment process in 2010 and beyond. The Big Picture When we were starting to build the 2009 portfolio at the end of 2008, the economy and the markets were in a freefall. It was difficult to look out even a few months, let alone a whole year. The air of doom and gloom hanging over the markets and the underlying economy was palpable. We had become used to terms describing the economy as ‘falling off the cliff’, or describing the onset of another ‘Great Depression’. While visibility was extremely poor, we were able to see the contours of a pending economic recovery in late 2009 or early 2010. Since the market generally predicts these events 4-6 months in advance, we believed that the market would bottom near mid-year and start to rally. Lessons Learned: We certainly get…

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BoyarMiller Forum Predicts Ongoing Pain in Commercial Real Estate for 2010 and Beyond

Filed in Gold Investing by on December 17, 2009 0 Comments

Houston’s commercial real estate market, hammered by the credit squeeze, recession and plummeting natural gas and oil prices, isn’t likely to see many bright spots – if any – in 2010 a panel of local experts predicted at BoyarMiller’s real estate fo BoyarMiller Forum Predicts Ongoing Pain in Commercial Real Estate for 2010 and Beyond

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GLOBAL ECONOMY-Low inflation making Feds job easier for now

Filed in economy, Federal Reserve, Gold Holdings by on December 13, 2009 0 Comments

By Pedro Nicolaci da Costa WASHINGTON, Dec 13 – For Federal Reserve officials looking to finesse their way out of a historic array of emergency lending programs, the recent pullback in oil prices could not have come at a more opportune time. The GLOBAL ECONOMY-Low inflation making Feds job easier for now

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