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[Oil prices move lower as the dollar rebounds]]>http://www.bloggingstocks.com/2009/12/09/oil-prices-move-lower-as-the-dollar-rebounds/http://www.bloggingstocks.com/2009/12/09/oil-prices-move-lower-as-the-dollar-rebounds/http://www.bloggingstocks.com/2009/12/09/oil-prices-move-lower-as-the-dollar-rebounds/#commentsFiled under: , ,

oil pricesOil prices, which were up earlier in the session, have moved lower in afternoon trading after the dollar rebounded from earlier losses.

Earlier in the session, the U.S. dollar had dropped as much as 0.3% against competing currencies, but reversed course and made back most of its losses. The greenback is now down just 0.1% on the day against competing currencies.

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Oil prices move lower as the dollar rebounds originally appeared on BloggingStocks on Wed, 09 Dec 2009 16:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>currenciesdollarfeaturedgasolineoiloil inventoriesoil suppliesOilInventoriesOilSuppliesWed, 09 Dec 2009 16:15:00 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.

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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.

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oil inventory reportOil prices dropped a bit today, after a government report showed that inventories unexpectedly rose last week.

According to today's report from the Commerce Department, oil inventories rose by 200,000 barrels last week. Going into today's report analysts had forecast a 1.1 million barrel drop in supplies.

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Oil falls on weekly inventory report originally appeared on BloggingStocks on Wed, 26 Aug 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>commerce departmentCommerceDepartmentgas pricesgasolineGasPricesoiloil inventoriesoil suppliesOilInventoriesOilSuppliesWed, 26 Aug 2009 18:00:00 EST<![CDATA[Oil moves higher to start off the week as concerns grow over supply]]>http://www.bloggingstocks.com/2008/07/28/oil-moves-higher-to-start-off-the-week-as-concerns-grow-over-sup/http://www.bloggingstocks.com/2008/07/28/oil-moves-higher-to-start-off-the-week-as-concerns-grow-over-sup/http://www.bloggingstocks.com/2008/07/28/oil-moves-higher-to-start-off-the-week-as-concerns-grow-over-sup/#commentsFiled under: , , , , ,

Since the middle of July we have been able to breathe a little sigh of relief as oil prices have been heading lower from the recent record highs. However, this morning oil prices are getting a slight boost as traders try to digest additional supply concerns.

Lately, it has been hard to discuss the state of oil prices without mentioning Iran and its controversial President, Mahmoud Ahmadinejad, and that holds true again this morning. Over the weekend, the leader of the Islamic Republic caused even more tension over his country's nuclear program.

Iran has been claiming for the past couple of years that it has only peaceful intentions regarding its nuclear program, but of course the rest of the world, in particular Israel and the United States have voiced openly their distrust, and have claimed Iran has a more sinister intention ... nuclear weapons.

Continue reading Oil moves higher to start off the week as concerns grow over supply

Oil moves higher to start off the week as concerns grow over supply originally appeared on BloggingStocks on Mon, 28 Jul 2008 12:32:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>gasolineinthenewsIranIsraeloiloil pricesoil suppliesOilPricesOilSuppliesOPECMon, 28 Jul 2008 12:32:00 EST<![CDATA[Oil gushes through the $125 mark!]]>http://www.bloggingstocks.com/2008/05/09/oil-gushes-through-the-125-mark/http://www.bloggingstocks.com/2008/05/09/oil-gushes-through-the-125-mark/http://www.bloggingstocks.com/2008/05/09/oil-gushes-through-the-125-mark/#commentsFiled under: , , , , ,

I know that last thing you probably wanted to hear this morning was that oil prices moved even higher, but that is exactly what is taking place, as oil rose as high as $125.98 and is currently trading at $125.60.

Leading the charge today is the weak dollar as investors continue to seek refuge from the falling U.S. currency in commodities -- most notably, oil. The dollar has fallen today against the euro, the British pound, and the Japanese yen. The euro was sitting at $1.5404 last night, but has moved higher today, up to a current price of $1.5466.

The market is also concerned about the upcoming peak driving season for Americans. With the season getting under way, oil prices will definitely continue to rise, and if gasoline stockpiles continue to fall, you can be sure that gasoline prices are also going to keep moving higher over the next couple of months. Will we see national averages of $4 or greater? I don't think so, but at the current rate prices are moving, nothing is out of the question right now.

Continue reading Oil gushes through the $125 mark!

Oil gushes through the $125 mark! originally appeared on BloggingStocks on Fri, 09 May 2008 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>British poundBritishPounddollareurogasolinegasoline pricesGasolinePricesHezbollahinthenewsIranIraqJapanLebanonoiloil pricesoil suppliesOilPricesOilSuppliesOPECtourismyenFri, 09 May 2008 09:00:00 EST<![CDATA[Oil sets another new high above $118]]>http://www.bloggingstocks.com/2008/04/22/oil-sets-another-new-high-above-118/http://www.bloggingstocks.com/2008/04/22/oil-sets-another-new-high-above-118/http://www.bloggingstocks.com/2008/04/22/oil-sets-another-new-high-above-118/#commentsFiled under: , , , , , , , , , , ,

Oil prices have once again hit new highs today, trading up all the way to $118.05, before cooling off slightly, and are currently sitting at $117.85.

The main concern fueling today's move is over supplies from some of the world's major oil producing countries. Nigeria is on the list, as a joint venture of Royal Dutch Shell PLC (NYSE: RDS) stated that it would be reducing its output in April and May by around 169,000 barrels a day. This comes in response to a militant attack on one its pipelines last week.

This is really nothing new to Nigeria, which over the past two years has been the victim of multiple attacks on its oil infrastructure. The country is a major supplier to the the United States, and over the past 2 years the country has seen its oil output fall by a pretty hefty 25%. All the result of militant attacks.

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Oil sets another new high above $118 originally appeared on BloggingStocks on Tue, 22 Apr 2008 08:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>dollarFEDFederal ReserveFederalReserveinterest ratesInterestRatesinthenewsMexicoNigeriaoiloil pricesoil suppliesOilPricesOilSuppliesrdsrecord oilRecordOilTue, 22 Apr 2008 08:40:00 EST<![CDATA[A ray of hope for oil supplies]]>http://www.bloggingstocks.com/2008/01/17/a-ray-of-hope-for-oil-supplies/http://www.bloggingstocks.com/2008/01/17/a-ray-of-hope-for-oil-supplies/http://www.bloggingstocks.com/2008/01/17/a-ray-of-hope-for-oil-supplies/#commentsFiled under: , , , ,

Oil field While many older oil fields are producing less than they used to, new discoveries of crude may make up for that. The Wall Street Journal reports, "Projects under way in Brazil, Saudi Arabia, West Africa, the Caspian Sea and the Gulf of Mexico will more than make up for natural declines from fields now in production."

If the information is accurate and oil demand falls due to an economic slowdown, prices for crude could drop over the next several years.

What is not clear is whether demand for oil in markets like China and India will continue to spike up. If the Chinese government is willing to underwrite the cost of gas and diesel for its industrial and consumer sectors, the use of oil in that country could continue to rise at an alarming rate.

Distorted demand, caused by the Chinese government, could be the wild card in oil pricing.

Douglas A. McIntyre is an editor at 247wallst.com.

A ray of hope for oil supplies originally appeared on BloggingStocks on Thu, 17 Jan 2008 08:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude oilCrudeOilinthenewsoiloil explorationoil suppliesOilExplorationOilSuppliesThu, 17 Jan 2008 08:30:00 EST