BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Brent Crude at $104 per Barrel on Spreading Mideast Unrest]]>http://www.bloggingstocks.com/2011/02/15/brent-crude-at-104-per-barrel-on-spreading-mideast-unrest/http://www.bloggingstocks.com/2011/02/15/brent-crude-at-104-per-barrel-on-spreading-mideast-unrest/http://www.bloggingstocks.com/2011/02/15/brent-crude-at-104-per-barrel-on-spreading-mideast-unrest/#commentsFiled under: , , ,

Middle East unrestWhen 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]]>BahrainChinacommoditiesfeaturedgoldinternational marketsinthenewsIranMiddle East unrestoiloil pricesTue, 15 Feb 2011 11:00:00 EST<![CDATA[Oil Prices Rebound Despite Bearish Inventory Report]]>http://www.bloggingstocks.com/2010/05/26/oil-prices-rebound-despite-bearish-inventory-report/http://www.bloggingstocks.com/2010/05/26/oil-prices-rebound-despite-bearish-inventory-report/http://www.bloggingstocks.com/2010/05/26/oil-prices-rebound-despite-bearish-inventory-report/#commentsFiled under: , , , , , , , ,

rising oil pricesOil prices have rebounded from yesterday's sell off, despite a larger than expected increase in oil inventories last week.

As we noted yesterday, analysts were expecting to see a 250,000 barrel increase in reserves last week, but the Department of Energy reported today that inventories actually rose by a much greater 2.4 million barrels.

Continue reading Oil Prices Rebound Despite Bearish Inventory Report

Oil Prices Rebound Despite Bearish Inventory Report originally appeared on BloggingStocks on Wed, 26 May 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>home saleshousinginthenewsiraniranian sanctionsoiloil inventoriesoil pricesrussiaWed, 26 May 2010 18:00:00 EST<![CDATA[Insurance Industry Faces More Pressure on Iran]]>http://www.bloggingstocks.com/2010/03/01/insurance-industry-faces-more-pressure-on-iran/http://www.bloggingstocks.com/2010/03/01/insurance-industry-faces-more-pressure-on-iran/http://www.bloggingstocks.com/2010/03/01/insurance-industry-faces-more-pressure-on-iran/#commentsFiled under:

If you do business with Iran, it's probably going to be harder to get insurance coverage. Regulators and lawmakers in the U.S. are looking for stiffer penalties to thrust upon companies that do business with Iran. And insurers, likely acutely aware of how risk can spread, are starting to pull back.

Munich Re (0KFE) and Allianz (AZSEY) announced that they are suspending business in Iran, according to a report by Business Insurance. Neither company, however, stands to lose much. For Allianz, the lost premium is "negligible," and for Munich Re, it's only around $13.6 million.

Continue reading Insurance Industry Faces More Pressure on Iran

Insurance Industry Faces More Pressure on Iran originally appeared on BloggingStocks on Mon, 01 Mar 2010 10:50:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>allianzAllianz Insuranceinsurance companiesInsuranceIndustryinthenewsIranMunich ReMunichRerdsrds.aReinsurancereinsurance industryroyal dutch shellRoyalDutchShellSiemensSiemens AGMon, 01 Mar 2010 10:50:00 EST<![CDATA[Oil prices move higher following bullish inventory report, Iranian missile test]]>http://www.bloggingstocks.com/2009/12/16/oil-prices-move-higher-following-bullish-inventory-report-irani/http://www.bloggingstocks.com/2009/12/16/oil-prices-move-higher-following-bullish-inventory-report-irani/http://www.bloggingstocks.com/2009/12/16/oil-prices-move-higher-following-bullish-inventory-report-irani/#commentsFiled under: , , , ,

oil inventory reportOil prices have been on the rise today, following a government report that showed inventories fell more than expected last week.

Going into today's inventory report, analysts had been expecting to hear that oil inventories shrank by around 2 million barrels last week, but according the the Department of Energy the actual draw was much steeper at 3.7 million barrels.

Continue reading Oil prices move higher following bullish inventory report, Iranian missile test

Oil prices move higher following bullish inventory report, Iranian missile test originally appeared on BloggingStocks on Wed, 16 Dec 2009 16:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bulgariaenergyheatinginventoriesiranmissile testmissilesMissileTestnuclearoiloil demandoil pricesOilDemandOilPricesromaniawinterWed, 16 Dec 2009 16:45:00 EST<![CDATA[Global fight brewing over frozen funds from Iran]]>http://www.bloggingstocks.com/2009/12/13/global-fight-brewing-over-frozen-funds-from-iran/http://www.bloggingstocks.com/2009/12/13/global-fight-brewing-over-frozen-funds-from-iran/http://www.bloggingstocks.com/2009/12/13/global-fight-brewing-over-frozen-funds-from-iran/#commentsFiled under: , ,

Last year, a U.S. District Court in Manhattan secretly froze $2 billion held in a Citigroup (C) account. The money was believed to have been held on behalf of Iran, through Luxembourg's Clearstream Banking S.A. In what the Wall Street Journal reports could be the largest seizure of Iranian assets abroad since the Islamic revolution of 1979, several parties are lining up to claim the cash. And, it looks like the battle is headed for trial.

The order to freeze the funds was executed 18 months ago by the U.S. District Court for the Southern District of New York and hasn't been made public. In issuing the legal order, the court used information from the U.S. Treasury Department. Though the money is frozen, the struggle is heating up.

Continue reading Global fight brewing over frozen funds from Iran

Global fight brewing over frozen funds from Iran originally appeared on BloggingStocks on Sun, 13 Dec 2009 16:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Citigroup Inc.clearstreaminthenewsIranluxembourgmanhattanmarinesnew york citytreasury departmentus district courtus marinesSun, 13 Dec 2009 16:10:00 EST<![CDATA[California insurance commissioner chases indirect investments in Iran]]>http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/http://www.bloggingstocks.com/2009/12/04/california-insurance-commissioner-chases-indirect-investments-in/#commentsFiled under: ,

Insurance companies have $12 billion in indirect investments related to Iran, according to California Insurance Commissioner Steve Poizner -- and he wants them to stop. He's pushing insurers in his state to divest, and the perspective is gaining popularity: his counterpart in Florida thinks the policy should go national.

Kevin McCarty, commissioner in Florida, said to National Underwriter, "I have consulted with other state insurance commissioners to evaluate the practicality of developing a national initiative similar to the undertaking by the California Department of Insurance." He's already contacted the National Association of Insurance Commissioners' Securities Valuation Office to figure out "the feasibility of leveraging national resources to review the financial statements of national insurers to determine their exposure to companies with operations in Iran."

Continue reading California insurance commissioner chases indirect investments in Iran

California insurance commissioner chases indirect investments in Iran originally appeared on BloggingStocks on Fri, 04 Dec 2009 13:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>californiafloridainsurance companiesinthenewsIrannaicNational association of insurance commissionersPetroleo BrasileiroSiemens AGStatoilTotal SAFri, 04 Dec 2009 13:00:00 EST<![CDATA[Oil prices head higher on Iranian controversy]]>http://www.bloggingstocks.com/2009/11/30/oil-prices-head-higher-on-iranian-controversy/http://www.bloggingstocks.com/2009/11/30/oil-prices-head-higher-on-iranian-controversy/http://www.bloggingstocks.com/2009/11/30/oil-prices-head-higher-on-iranian-controversy/#commentsFiled under: , , , ,

IranIt seems like almost every day Iran is in the news, and today is no different. Oil prices have moved higher after reports that Iranian naval vessels had stopped a racing yacht with 5 U.K. nationals aboard.

Oil is up $1.30 a barrel to $77.35, and traded up as high as $78.00 earlier in the day.

Continue reading Oil prices head higher on Iranian controversy

Oil prices head higher on Iranian controversy originally appeared on BloggingStocks on Mon, 30 Nov 2009 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bahrainbritiandavid milibandDavidMilibanddubaiIranoiloil pricesOilPricesU.K.Mon, 30 Nov 2009 17:20:00 EST<![CDATA[Closing Bell: Dubai almost stole the day (AMZN, LVS, AIG, SOMX) ]]>http://www.bloggingstocks.com/2009/11/30/closing-bell-dubai-almost-stole-the-day-amzn-lvs-aig-somx/http://www.bloggingstocks.com/2009/11/30/closing-bell-dubai-almost-stole-the-day-amzn-lvs-aig-somx/http://www.bloggingstocks.com/2009/11/30/closing-bell-dubai-almost-stole-the-day-amzn-lvs-aig-somx/#commentsFiled under: , ,

Today's bits of economic activity hardly mattered in the grand scheme of the markets. Traders were watching more out of Dubai and the U.A.E. than they were watching what Federal Reserve districts had to say today. Iran also sent oil prices higher by detaining a British cruising race yacht and five Britons, and the added political fallout added to the gains in oil today. Stocks were weak for most of the day, but Dubai comments that $26 billion needed to be restructured (rather than $60 billion) helped in the final hour of the day.

Here were today's unofficial closing bell levels:

Dow 10,295.11 -14.81 (-0.14%)
S&P 500 1,095.63 +4.14 (0.38%)
Nasdaq 2,144.60 +6.16 (0.29%)

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Top Analyst Calls

Continue reading Closing Bell: Dubai almost stole the day (AMZN, LVS, AIG, SOMX)

Closing Bell: Dubai almost stole the day (AMZN, LVS, AIG, SOMX) originally appeared on BloggingStocks on Mon, 30 Nov 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AIGAMZNcyber-mondaydubaiiranLVSsomaxon pharmaceuticalsSomaxonPharmaceuticalsSOMXU.A.EMon, 30 Nov 2009 16:00:00 EST<![CDATA[Oil rises despite increased inventories]]>http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/#commentsFiled under: , , , , , ,

oil pricesOil prices have risen sharply today, despite news that oil inventories rose more than expected last week.

Traders pushed oil up $2.92 a barrel Tuesday to $69.63 even though oil inventories rose by 2.8 million barrels last week verse analyst estimates for a rise of 2.1 million barrels.

Continue reading Oil rises despite increased inventories

Oil rises despite increased inventories originally appeared on BloggingStocks on Wed, 30 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economygasgasolineGDPinthenewsinventoriesIranoiloil pricesOilPricespoliticsrecessionWed, 30 Sep 2009 17:00:00 EST<![CDATA[Oil prices fall as consumer confidence drops]]>http://www.bloggingstocks.com/2009/09/29/oil-prices-fall-as-consumer-confidence-drops/http://www.bloggingstocks.com/2009/09/29/oil-prices-fall-as-consumer-confidence-drops/http://www.bloggingstocks.com/2009/09/29/oil-prices-fall-as-consumer-confidence-drops/#commentsFiled under: , , , , , , , , ,

falling oil pricesOil prices dropped a bit today, as investors weigh news that consumer confidence took a hit in September.

Today's move was not a sizable one, but further evidence that investors are concerned over just how strong the current economic recovery really is. News came out today that consumer confidence is down in September as more Americans are concerned over the weak job market.

Continue reading Oil prices fall as consumer confidence drops

Oil prices fall as consumer confidence drops originally appeared on BloggingStocks on Tue, 29 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer confidenceConsumerConfidenceIranisraeloiloil pricesoil suppliesOilPricesOilSuppliesunemploymentTue, 29 Sep 2009 17:00:00 EST<![CDATA[A good year for oil discoveries]]>http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/http://www.bloggingstocks.com/2009/09/24/a-good-year-for-oil-discoveries/#commentsFiled under: , , , , , , , , ,

oil industryThe oil industry has been working hard to find new oil reserves, and so far this year the efforts have been paying off.

It has been a year with some major discoveries that have put the oil industry in a good position to make it the year with the highest level of new discoveries since 2000.

A big reason for the increase in discoveries is improvements in technology that has allowed oil hunters to drill deeper and break through tougher rocks than they were previously able to do.

Continue reading A good year for oil discoveries

A good year for oil discoveries originally appeared on BloggingStocks on Thu, 24 Sep 2009 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AustraliafeaturedGulf of MexicoGulfOfMexicoIranIraqIsraeloiloil explorationoil pricesOilExplorationOilPricesThu, 24 Sep 2009 10:30:00 EST<![CDATA[Oil prices fall on economic concerns]]>http://www.bloggingstocks.com/2009/06/22/oil-prices-fall-on-economic-concerns/http://www.bloggingstocks.com/2009/06/22/oil-prices-fall-on-economic-concerns/http://www.bloggingstocks.com/2009/06/22/oil-prices-fall-on-economic-concerns/#commentsFiled under: , , , , , ,

falling oil pricesOil moved up above $70 early in the session, but was unable to hold that momentum through the day. After its strong start to the day, prices dropped $2.19 to $67.83.

A major reason for the drop in prices can be attributed to the World Bank. The World Bank slashed its forecast for this year's global economic growth, and reported that the current recession is deepening.

Continue reading Oil prices fall on economic concerns

Oil prices fall on economic concerns originally appeared on BloggingStocks on Mon, 22 Jun 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Iranoiloil demandoil pricesoil productionOilDemandOilPricesOilProductionOPECpoliticsrecessionWorld BankWorldBankMon, 22 Jun 2009 18:00:00 EST<![CDATA[Iran's ayatollah willing to sacrifice economy, education and personal freedoms ]]>http://www.bloggingstocks.com/2009/06/20/irans-ayatollah-willing-to-sacrifice-economy-education-and-per/http://www.bloggingstocks.com/2009/06/20/irans-ayatollah-willing-to-sacrifice-economy-education-and-per/http://www.bloggingstocks.com/2009/06/20/irans-ayatollah-willing-to-sacrifice-economy-education-and-per/#commentsFiled under: , , , , ,

It really matters little what the outside world thinks about the current conflict in Iran over the disputed re-election of Mahmoud Ahmadinejad, or whether the people in Iran are crushed by the totalitarian form of government that has been adopted. This is not a matter of opinion. It is a matter of fact by definition. There is a supreme ruler and what he says goes.

Nothing is more important to the ruling elite than remaining in power -- not the economic well being of it's citizens, not the education of the rural population, not the personal freedoms of the man in the street, and certainly not the rights of Iranian women.

Continue reading Iran's ayatollah willing to sacrifice economy, education and personal freedoms

Iran's ayatollah willing to sacrifice economy, education and personal freedoms originally appeared on BloggingStocks on Sat, 20 Jun 2009 08:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Ayatollah Ali Khameneifreedom of the pressIranIranian economyIranian electionsMahmoud Ahmadinejadpersonal freedomRepublican GuardSheldon Libertotalitarian rulewomens rightsSat, 20 Jun 2009 08:10:00 EST<![CDATA[Iran: Totalitarian rule begets totalitarian economy]]>http://www.bloggingstocks.com/2009/06/17/iran-totalitarian-rule-begets-totalitarian-economy/http://www.bloggingstocks.com/2009/06/17/iran-totalitarian-rule-begets-totalitarian-economy/http://www.bloggingstocks.com/2009/06/17/iran-totalitarian-rule-begets-totalitarian-economy/#commentsFiled under: , , , ,

The rulers of Iran are losing their patience with the election protests of the last few days. They are selectively tightening their grip on the freedom of the press, freedom of speech, freedom to travel and peaceful marches by disenfranchised voters that believe the reported results of a Mahmoud Ahmadinejad victory were a fraud.

The government is cracking down by not renewing visas for the foreign journalists, confining others to their hotels, and limiting all broadcasts and news outlets.

If anything can be gleaned from this, one only need take a brief glance at history to learn that a nation with totalitarian rule begets a totalitarian economy.

Continue reading Iran: Totalitarian rule begets totalitarian economy

Iran: Totalitarian rule begets totalitarian economy originally appeared on BloggingStocks on Wed, 17 Jun 2009 16:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economicsinthenewsIranIran election protestsMahmoud Ahmadinejadmiddle eastpoliticsShahiSheldon LiberWed, 17 Jun 2009 16:50:00 EST<![CDATA[Iranian miracles abound]]>http://www.bloggingstocks.com/2009/06/16/iranian-miracles-abound/http://www.bloggingstocks.com/2009/06/16/iranian-miracles-abound/http://www.bloggingstocks.com/2009/06/16/iranian-miracles-abound/#commentsFiled under: , , , , , ,

The Iranian government hand counted tens of millions of presidential election ballots in a couple of hours; less time than we count ours by computer -- an Ayatollahs' miracle for sure!

These results indicated that Mahmoud Ahmadinejad was able to garner two-thirds of the vote. Given the Ayatollahs miracle, the public viewed this result as anything but.

Protesters expressing their extreme objection to the election results then created a miracle of their own when up to one million marchers hit the streets forming a 5 to 6 mile parade of discontent, claims of fraud, and in some cases calling the government a dictatorship.

Meanwhile Ahmadinejad who made references to disgruntled fans after a football game in slighting the protesters, hung around for a couple of days before appearing a day late for a conference in Moscow. He missed some of the key events but he did get a chance to mention how bad the US economy was doing, neglecting to mention that Iran's economy is showing signs of falling off a cliff. If he remains president that is a real possibility.

Meanwhile the pragmatist in me knows that the greatest miracle of all would be a recanting of the election results and the president stepping down. The Ayatollahs have asked for an investigation of the election results to appease the fuming population.

The results of this investigation being conducted by the same folks that created the fraud in the first place are easier to determine than any of my stock picks. Look for the results of the investigation to acknowledge that the vote count was off by some meaningless percentage, not affecting the outcome and leaving the results as they stand.

The Ayatollahs are all for democracy as long as they get to choose who wins. Perhaps in the future they will simply default to the patterns of authoritarian rulers before them -- massive election rhetoric, with only one candidate on the ballot.

Related stories:
Iran's great potential and its challenges!
Iran will waste four more years

Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money.

Iranian miracles abound originally appeared on BloggingStocks on Tue, 16 Jun 2009 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsIranIranian electionsiranian protestersIranianElectionsIranianProtestersMahmoud AhmadinejadMahmoudAhmadinejadOilrecessionSheldon LiberSheldonLiberTue, 16 Jun 2009 14:40:00 EST<![CDATA[Iran will waste four more years]]>http://www.bloggingstocks.com/2009/06/15/iran-will-waste-four-more-years/http://www.bloggingstocks.com/2009/06/15/iran-will-waste-four-more-years/http://www.bloggingstocks.com/2009/06/15/iran-will-waste-four-more-years/#commentsFiled under: , , , , , , , ,

The landslide victory of current president Mahmoud Ahmadinejad and the announcement of same, only hours after the voting polls closed, even though paper ballots had to be hand counted, has cast serious doubts about the election results.

Last week I wrote of Iran's great potential but today much of that potential has evaporated for the time being, and perhaps for another four years. The rulers of Iran have decided that the devil they know is better than the one they don't. Unfortunately, as far as politicians go, they may have gotten exactly that.

Continue reading Iran will waste four more years

Iran will waste four more years originally appeared on BloggingStocks on Mon, 15 Jun 2009 18:47:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CubaeconomicsIranIranian ElectionsIranianElectionsNorth KoreaNorthKoreaoilSheldon LiberSheldonLiberVenezuelaMon, 15 Jun 2009 18:47:00 EST<![CDATA[Closing Bell: Rally reality check (AMGN, BAC, SVNT, WMT, YHOO)]]>http://www.bloggingstocks.com/2009/06/15/closing-bell-rally-reality-check-amgn-bac-svnt-wmt-yhoo/http://www.bloggingstocks.com/2009/06/15/closing-bell-rally-reality-check-amgn-bac-svnt-wmt-yhoo/http://www.bloggingstocks.com/2009/06/15/closing-bell-rally-reality-check-amgn-bac-svnt-wmt-yhoo/#commentsFiled under: , , ,

Today was a negative market from the start of trading, and the economic data just confirmed the selling, as hunting for green shoots looked more like hunting for four-leaf clovers. It seems that those analysts and economists saying that the market has risen too far and too fast are getting some more ears than in recent weeks.

The housing data showed a dip after two months of rising data, and the New York Empire Manufacturing data came in weaker than expected. Even the Iran turmoil after the election failed to rally oil. Here were today's unofficial closing bell levels:

Dow 8,613.04 -186.22 (-2.12%)
S&P 500 923.81 -22.40 (-2.37%)
Nasdaq 1,816.38 -42.42 (-2.28%)

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Continue reading Closing Bell: Rally reality check (AMGN, BAC, SVNT, WMT, YHOO)

Closing Bell: Rally reality check (AMGN, BAC, SVNT, WMT, YHOO) originally appeared on BloggingStocks on Mon, 15 Jun 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dick boveDickBoveiransavientSVNTMon, 15 Jun 2009 16:00:00 EST<![CDATA[Iran's great potential and its challenges!]]>http://www.bloggingstocks.com/2009/06/10/irans-great-potential-and-its-challenges/http://www.bloggingstocks.com/2009/06/10/irans-great-potential-and-its-challenges/http://www.bloggingstocks.com/2009/06/10/irans-great-potential-and-its-challenges/#commentsFiled under: , , , , , , , ,

Iran's flawed democracy is still better than most of the political systems among other countries in the region. For the past few decades the morality police, prodded by religious literalism, have mandated women to cover themselves when they are out in public. This same religious literalism has impeded the potential of a country that has a large population, in a key geographic region, with oil and other natural resources.

Iran is in the midst of a presidential election that has stimulated much heated debate among the population about the failures of the current government in economic and political terms, and that has created a feeling of isolation. The isolation is more than a feeling, and it has limited the growth of the nation to something far less than its capabilities.

Continue reading Iran's great potential and its challenges!

Iran's great potential and its challenges! originally appeared on BloggingStocks on Wed, 10 Jun 2009 17:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>engineeringglobal economyglobal politicsGlobalEconomyGlobalPoliticsIanian presidential electionIanianPresidentialElectioniranmedicinenatural resourcesNaturalResourcesoilscienceSheldon LiberSheldonLiberwomens rightsWomensRightsWed, 10 Jun 2009 17:45:00 EST<![CDATA[Oil jumps to six month high]]>http://www.bloggingstocks.com/2009/05/08/oil-jumps-to-six-month-high/http://www.bloggingstocks.com/2009/05/08/oil-jumps-to-six-month-high/http://www.bloggingstocks.com/2009/05/08/oil-jumps-to-six-month-high/#commentsFiled under: , , , , , ,

Record Oil PricesOil continued its charge today and traded up 3.4% to close the week out at $58.63 and creates a situation where we could very likely be looking at $60 oil again by the end of next week. The last time oil was trading this high was all the way back on November 11.

On Monday we looked at oil, and noted that a big reason for oil's recent jump is increasing optimism towards the overall economy, and that is still the case. The Labor Department reported a drop of 539,000 non-farm payrolls in April, lower than the anticipated loss of 610,000 jobs.

Continue reading Oil jumps to six month high

Oil jumps to six month high originally appeared on BloggingStocks on Fri, 08 May 2009 18:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>60 oildrivinginthenewsIranoiloil demandoil pricesOPECtourismFri, 08 May 2009 18:40:00 EST<![CDATA[Oil rises despite OPEC decision]]>http://www.bloggingstocks.com/2009/03/16/oil-rises-despite-opec-decision/http://www.bloggingstocks.com/2009/03/16/oil-rises-despite-opec-decision/http://www.bloggingstocks.com/2009/03/16/oil-rises-despite-opec-decision/#commentsFiled under: , , , , , ,

rising oil pricesEarlier in the session we were looking at lower oil prices, but the mood has changed, and the precious crude is trading higher with the overall market today, picking up nearly 2.5% on the day.

Yesterday, despite rumors to the contrary, OPEC decided to leave its oil output alone, and this had the initial reaction of sending prices lower in early morning trading. With oil prices falling sharply since last summer, many analysts had been expecting to see a production cut from the group, but instead OPEC announced that it would be leaving its output unchanged, and stated that previous cuts were starting to take effect.

Continue reading Oil rises despite OPEC decision

Oil rises despite OPEC decision originally appeared on BloggingStocks on Mon, 16 Mar 2009 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Ben BernankeBenBernankefederal reserveFederalReserveIranKuwaitoiloil pricesoil productionOilPricesOilProductionOPECrecessionSaudi ArabiaSaudiArabiaMon, 16 Mar 2009 16:30:00 EST