OilPrices posts
FeedPosted Sep 29th 2009 5:00PM by Michael Fowlkes (RSS feed)
Filed under: International markets, Forecasts, Consumer experience, Middle East, Market matters, Money and Finance Today, Oil, Israel, Recession, Financial Crisis

Oil 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
Posted Sep 24th 2009 3:20PM by John Jagerson (RSS feed)
Filed under: Commodities

Commodities in general and oil and gold specifically are considered a good hedge against inflation, a weak dollar and flat trending stocks. However, these markets can also be very volatile as oil and gold traders are finding out this week.
Oil inventories are up (not good for prices) and demand from refineries is down, which has put some additional downside pressure on the commodity. A stronger dollar the last two days has compounded oil's problems and sent prices below $67 a barrel.
Continue reading Oil and gold drop fast as the dollar gains
Posted Sep 24th 2009 10:30AM by Michael Fowlkes (RSS feed)
Filed under: International markets, Good news, Industry, Competitive strategy, Russia, Middle East, BP p.l.c. ADS (BP), Mexico, Oil, Israel

The 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
Posted Aug 31st 2009 3:00PM by Michael Fowlkes (RSS feed)
Filed under: Major movement, International markets, China, Middle East, Market matters, Money and Finance Today, Japan, Economic data, Oil, Recession, Financial Crisis

Oil traders have been selling off the precious crude Monday, as a
steep sell-off of China's benchmark index raised concerns over the current state of both the Chinese and U.S. economies.
The Chinese Shanghai Composite Index took a beating to start off the week, trading down 6.74%, and raised fresh concerns over a global economic rebound. Today's sell off in the Chinese market was its biggest decline since June of 2008. The sell-off comes on the heels of a near 3% drop in the index last Friday.
Continue reading Chinese sell-off spooks oil traders
Posted Jul 18th 2009 10:00AM by Jamie Dlugosch (RSS feed)
Filed under: duPont(E.I.)deNemours (DD), Oil, Stocks to Sell
Another stock leveraged to the oil market is Dupont (NYSE: DD). Because many of the company's products are derived from crude oil, rising oil prices negatively impact profit margins. The only recourse, then, is to raise the price for consumers. But doing so in this environment is unlikely given the weakness in the economy.
As a result, the dynamics of the market are such that profits for DD will be lower in the near term.
That puts the company in a bit of a Catch-22.
Continue reading Stock to avoid #2 -- Dupont (DD)
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