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 Closes at Two-and-a-Half Year High]]>http://www.bloggingstocks.com/2011/03/31/oil-closes-at-two-and-a-half-year-high/http://www.bloggingstocks.com/2011/03/31/oil-closes-at-two-and-a-half-year-high/http://www.bloggingstocks.com/2011/03/31/oil-closes-at-two-and-a-half-year-high/#commentsFiled under: , , , , ,

rising oil pricesThe conflict in Libya continues to spark concerns over possible supply problems, sending oil prices soaring over the past couple weeks and settling at a two-and-a-half year high this afternoon.

In addition to Libya, oil also got a push today from a falling U.S. dollar. The greenback was down in reaction to speculation the European Central Bank would be raising interest rates, to fight possible inflation.

Continue reading Oil Closes at Two-and-a-Half Year High

Oil Closes at Two-and-a-Half Year High originally appeared on BloggingStocks on Thu, 31 Mar 2011 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarFederal Reservegasgas pricesgasolineinthenewslibyamiddle eastoiloil pricesOPECsaudi arabiaThu, 31 Mar 2011 18:00:00 EST<![CDATA[OPEC: Output Targets Unchanged]]>http://www.bloggingstocks.com/2010/12/12/opec-output-targets-unchanged/http://www.bloggingstocks.com/2010/12/12/opec-output-targets-unchanged/http://www.bloggingstocks.com/2010/12/12/opec-output-targets-unchanged/#commentsFiled under: , , ,

OPEC logoOPEC, which is responsible for 35% of world's oil production, has left output quotas unchanged at 24.85 million barrels a day.

The International Energy Agency (IEA) forecasts worldwide demand at 88.8 million barrels a day for 2011, up from 87.1 million bpd this year.

Oil has rallied 25% this year. OPEC profits are estimated to be higher by 35% to $750 billion. Recent oil prices have hovered between $80 to $90 per barrel.

Continue reading OPEC: Output Targets Unchanged

OPEC: Output Targets Unchanged originally appeared on BloggingStocks on Sun, 12 Dec 2010 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsoil pricesoil productionOPECSun, 12 Dec 2010 09:40:00 EST<![CDATA[Oil Analyst Forecasts $100 per Barrel Oil]]>http://www.bloggingstocks.com/2010/11/04/oil-100-per-barrel-oil/http://www.bloggingstocks.com/2010/11/04/oil-100-per-barrel-oil/http://www.bloggingstocks.com/2010/11/04/oil-100-per-barrel-oil/#commentsFiled under: , , ,

gas pricesFrancisco Blanch, global head of commodity research at Bank of America/Merrill Lynch, stated in the Financial Times that his forecast is for oil prices to move above $90 per barrel, then to $100 per barrel.

With more stimulus from the Fed, more dollars will be sloshing around the world. This gives a boost to oil demand and then higher prices. QE2 is scheduled to continue into 2011, which will support oil prices into next year.

Continue reading Oil Analyst Forecasts $100 per Barrel Oil

Oil Analyst Forecasts $100 per Barrel Oil originally appeared on BloggingStocks on Thu, 04 Nov 2010 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Francisco Blanchgasoline pricesinthenewsoil pricesOPECThu, 04 Nov 2010 12:30:00 EST<![CDATA[OPEC's $100 Oil Goal Could Short Circuit U.S. Recovery]]>http://www.bloggingstocks.com/2010/10/15/opec-s-100-oil-goal-could-short-circuit-u-s-recovery/http://www.bloggingstocks.com/2010/10/15/opec-s-100-oil-goal-could-short-circuit-u-s-recovery/http://www.bloggingstocks.com/2010/10/15/opec-s-100-oil-goal-could-short-circuit-u-s-recovery/#commentsFiled under: , , ,

One thing OPEC can never be accused of is: being a bastion of economic stimulus.

An OPEC official said some members of the group are calling for a $100 per barrel oil price, due to the dollar's recent weakening. Oil is priced in dollars.

Venezuelan Energy and Oil Minister Rafael Ramirez told Bloomberg News the recent fall in the dollar means the "real price" of oil is $20 less than current levels, justifying a $100 price. Oil closed down $1.43 to $81.26 per barrel Friday.

Continue reading OPEC's $100 Oil Goal Could Short Circuit U.S. Recovery

OPEC's $100 Oil Goal Could Short Circuit U.S. Recovery originally appeared on BloggingStocks on Fri, 15 Oct 2010 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasoline pricesinthenewsoil pricesOPECFri, 15 Oct 2010 16:30:00 EST<![CDATA[Crude Oil Inventories Unexpectedly Rise]]>http://www.bloggingstocks.com/2010/10/06/crude-oil-inventories-unexpectedly-rise/http://www.bloggingstocks.com/2010/10/06/crude-oil-inventories-unexpectedly-rise/http://www.bloggingstocks.com/2010/10/06/crude-oil-inventories-unexpectedly-rise/#commentsFiled under: ,

This morning, the Energy Department reported a surprise increase in oil inventories, leading crude futures lower thus far. The Energy Information Administration (EIA) reported that crude oil stockpiles increased 3.1 million barrels. Analysts had expected a decrease of 1.3 million barrels in crude oil inventories. Despite the surprise, oil prices weren't as low as one would think. November-dated crude was trading below $83 per barrel shortly after the inventory report.

Continue reading Crude Oil Inventories Unexpectedly Rise

Crude Oil Inventories Unexpectedly Rise originally appeared on BloggingStocks on Wed, 06 Oct 2010 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crude inventoriescrude oileconomic dataeconomic recoveryinthenewsopecWed, 06 Oct 2010 13:40:00 EST<![CDATA[OPEC Comfortable with Crude Prices]]>http://www.bloggingstocks.com/2010/09/14/opec-comfortable-with-crude-prices/http://www.bloggingstocks.com/2010/09/14/opec-comfortable-with-crude-prices/http://www.bloggingstocks.com/2010/09/14/opec-comfortable-with-crude-prices/#commentsFiled under: ,

OPEC logoAre you comfortable with the price you are paying to fuel your vehicles? If so, good; if not, you better look for an alternative fuel vehicle. The Organization of Petroleum Exporting Countries (OPEC) announced earlier today that it is "comfortable" with the current prices for black gold and that it doesn't want to "rock the boat" as the economy attempts to recover from the recession.

I assume that the members of OPEC then lit cigars with $20 bills and sat around sipping brandy from gold snifters while laughing uproariously. OPEC's Secretary General Abdalla El-Badri noted a sense of caution, because the cartel is trying to help the world economy. El-Badri stated that the path of the world recovery is "not really clear," and that OPEC doesn't "want to see a double-dip recession which ... would affect, negatively, almost everybody." Any change in prices or quotas this year will depend on unnamed "circumstances" according to the Secretary General.

Continue reading OPEC Comfortable with Crude Prices

OPEC Comfortable with Crude Prices originally appeared on BloggingStocks on Tue, 14 Sep 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>black goldcartelcrude oilfeaturedinthenewsoilopecOrganization of Petroleum Exporting CountriesTue, 14 Sep 2010 17:00:00 EST<![CDATA[IEA Lowers 2011 Global Oil Demand Growth Forecast]]>http://www.bloggingstocks.com/2010/07/13/iea-lowers-2011-global-oil-demand-growth-forecast/http://www.bloggingstocks.com/2010/07/13/iea-lowers-2011-global-oil-demand-growth-forecast/http://www.bloggingstocks.com/2010/07/13/iea-lowers-2011-global-oil-demand-growth-forecast/#commentsFiled under: ,

oil demand forecastIs it more fodder for the oil bulls or the oil bears? In its first forecast for 2011, the International Energy Agency said it expects global oil demand growth to slow to a 1.6% increase in 2011, compared to a projected 2.1% increase in crude this year.

Even so, the 1.6% increase would bring global oil demand to 87.8 million barrels per day (bpd).

Continue reading IEA Lowers 2011 Global Oil Demand Growth Forecast

IEA Lowers 2011 Global Oil Demand Growth Forecast originally appeared on BloggingStocks on Tue, 13 Jul 2010 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>IEAinthenewsoil pricesOPECTue, 13 Jul 2010 12:30:00 EST<![CDATA[Oil Drops to $75 on Plunging U.S. Consumer Confidence]]>http://www.bloggingstocks.com/2010/06/29/oil-drops-to-75-on-plunging-u-s-consumer-confidence/http://www.bloggingstocks.com/2010/06/29/oil-drops-to-75-on-plunging-u-s-consumer-confidence/http://www.bloggingstocks.com/2010/06/29/oil-drops-to-75-on-plunging-u-s-consumer-confidence/#commentsFiled under: ,

The oil market's bears regained control Tuesday, but as they say in the oil trading pits, 'for now,' or 'stay tuned.'

Oil plunged $2.54 to $75.54 per barrel Tuesday afternoon, as the threat from Tropical Storm Alex to the Gulf of Mexico's energy infrastructure waned and after U.S. consumer confidence plunged on the job market's woes, Reuters reported Tuesday.

Today's data points support the oil bears argument that the economic recovery is underway but may slow, limiting oil demand growth, and when combined with ample supplies, will lead to a lower oil price, moving forward.

Continue reading Oil Drops to $75 on Plunging U.S. Consumer Confidence

Oil Drops to $75 on Plunging U.S. Consumer Confidence originally appeared on BloggingStocks on Tue, 29 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesoil pricesOPECTue, 29 Jun 2010 17:30:00 EST<![CDATA[OPEC Official Calls $80 Oil a 'Comfortable' Price]]>http://www.bloggingstocks.com/2010/06/28/opec-official-calls-80-oil-a-comfortable-price/http://www.bloggingstocks.com/2010/06/28/opec-official-calls-80-oil-a-comfortable-price/http://www.bloggingstocks.com/2010/06/28/opec-official-calls-80-oil-a-comfortable-price/#commentsFiled under: ,

It is a political science axiom that 'where you stand often depends on where you sit.' A key OPEC official made the case that current oil prices are "comfortable."

Abdalla El-Badri, OPEC's secretary general, told reporters ahead of a meeting with European Union officials, "I don't see any change in production, I don't see any meeting coming before the set up meeting in October," marketwatch.com reported Monday.

Oil fell 57 cents to $78.29 per barrel in Monday afternoon trading.

Continue reading OPEC Official Calls $80 Oil a 'Comfortable' Price

OPEC Official Calls $80 Oil a 'Comfortable' Price originally appeared on BloggingStocks on Mon, 28 Jun 2010 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsoiloil pricesOPECtransportationMon, 28 Jun 2010 17:40:00 EST<![CDATA[OPEC: The World Has 'No Room' for More Oil Supplies]]>http://www.bloggingstocks.com/2010/06/09/opec-forecast/http://www.bloggingstocks.com/2010/06/09/opec-forecast/http://www.bloggingstocks.com/2010/06/09/opec-forecast/#commentsFiled under: , , ,

OPEC logoOPEC's most recent report on global oil supplies said that the world has "no room" for more crude supplies.

OPEC lowered estimates for world demand and raised predictions for non-OPEC production. Here are the numbers:

  • While world demand is forecast to rise by 940,000 barrels per day (bpd) in 2010, this is 10,000 bpd lower than previously estimated.
  • Non-OPEC production is set to rise by 640,000 bpd, up from 530,000.

Continue reading OPEC: The World Has 'No Room' for More Oil Supplies

OPEC: The World Has 'No Room' for More Oil Supplies originally appeared on BloggingStocks on Wed, 09 Jun 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>deflationinthenewsoil demandoil productionoil suppliesOPECWed, 09 Jun 2010 12:00:00 EST<![CDATA[Oil Prices Drop on Economic Concerns and Lowered Price Forecast]]>http://www.bloggingstocks.com/2010/05/25/oil-prices-drop-on-economic-concerns-and-lowered-price-forecast/http://www.bloggingstocks.com/2010/05/25/oil-prices-drop-on-economic-concerns-and-lowered-price-forecast/http://www.bloggingstocks.com/2010/05/25/oil-prices-drop-on-economic-concerns-and-lowered-price-forecast/#commentsFiled under: , , , , , , ,

oil trades lowerOil prices continue their recent slide today, with investors spooked by the global economy and a lower price forecast by Bank of America Merrill Lynch.

Concerns over the economic situation in Europe continue to weigh on investor's minds, and the major indexes were down over 2% at one point today before rebounding in late day trading.

Continue reading Oil Prices Drop on Economic Concerns and Lowered Price Forecast

Oil Prices Drop on Economic Concerns and Lowered Price Forecast originally appeared on BloggingStocks on Tue, 25 May 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>70 oildollareuropefeaturedglobal economyinthenewsoiloil demandoil inventoriesoil pricesopecTue, 25 May 2010 18:00:00 EST<![CDATA[Oil at $80: Overpriced or Underpriced?]]>http://www.bloggingstocks.com/2010/04/19/oil-at-80-overpriced-or-underpriced/http://www.bloggingstocks.com/2010/04/19/oil-at-80-overpriced-or-underpriced/http://www.bloggingstocks.com/2010/04/19/oil-at-80-overpriced-or-underpriced/#commentsFiled under: ,

Is oil at $80 per barrel a price tantamount to a bubble? At least one analyst thinks so.

"It's a bubble and we don't know when it's going to go bust, but it's just a question of time," said Eugen Weinberg, a senior analyst with Commerzbank AG in Frankfurt, told Bloomberg News Monday. "So enjoy the party but stay close to the door."

Continue reading Oil at $80: Overpriced or Underpriced?

Oil at $80: Overpriced or Underpriced? originally appeared on BloggingStocks on Mon, 19 Apr 2010 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>europefeaturedicelandinthenewskuwaitoil pricesopecsheikh ahmad al abdullah al-SabahvolcanoMon, 19 Apr 2010 17:40:00 EST<![CDATA[OPEC Keeps Quota the Same, but Is Still Likely to Gain]]>http://www.bloggingstocks.com/2010/03/18/opec-keeps-quota-the-same-but-is-still-likely-to-gain/http://www.bloggingstocks.com/2010/03/18/opec-keeps-quota-the-same-but-is-still-likely-to-gain/http://www.bloggingstocks.com/2010/03/18/opec-keeps-quota-the-same-but-is-still-likely-to-gain/#commentsFiled under:

As expected, OPEC left its production quotas the same on Wednesday, in what was, from a revenue standpoint, its easiest decision in many official meetings.

Further, even though OPEC is pumping about 2 million more barrels per day (bpd) than its 24.845 million bpd official quota, the market is not punishing the group for it. A combination of decent demand, a weak dollar, and global GDP growth has pushed oil prices to levels that are roughly double what they were a year ago. Oil late Wednesday traded down 3 cents to $82.67 per barrel.

Continue reading OPEC Keeps Quota the Same, but Is Still Likely to Gain

OPEC Keeps Quota the Same, but Is Still Likely to Gain originally appeared on BloggingStocks on Thu, 18 Mar 2010 09:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasoline pricesinthenewsoil pricesOPECThu, 18 Mar 2010 09:10:00 EST<![CDATA[Oil Gives Back Some Gains]]>http://www.bloggingstocks.com/2010/03/10/oil-gives-back-some-gains/http://www.bloggingstocks.com/2010/03/10/oil-gives-back-some-gains/http://www.bloggingstocks.com/2010/03/10/oil-gives-back-some-gains/#commentsFiled under: , , ,

rising oil pricesOil is trading higher on the day, but prices have fallen a good bit from the high they hit immediately following this week's inventory report.

Prices rose as high as $83.03 a barrel, and are currently trading at $81.97, up $0.48.

The reason why prices spiked so much following the report was the initial reaction to the smaller than expected rise in crude reserves. Analysts had been looking to see a jump of 2.1 million barrels last week, but the report indicated that inventories rose by a much smaller 1.4 million barrels.

Continue reading Oil Gives Back Some Gains

Oil Gives Back Some Gains originally appeared on BloggingStocks on Wed, 10 Mar 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>80 oil80OilChevronConocoPhillipCOPCVXExxonMobilinthenewsoiloil inventoriesoil pricesoil reservesOPECrising oilXOMWed, 10 Mar 2010 17:00:00 EST<![CDATA[The Volcker Rule: You Can't Stay a Bank and Do Proprietary Trading]]>http://www.bloggingstocks.com/2010/02/12/the-volcker-rule-you-cant-stay-a-bank-and-do-proprietary-tradi/http://www.bloggingstocks.com/2010/02/12/the-volcker-rule-you-cant-stay-a-bank-and-do-proprietary-tradi/http://www.bloggingstocks.com/2010/02/12/the-volcker-rule-you-cant-stay-a-bank-and-do-proprietary-tradi/#commentsFiled under: , , , ,

Paul Volcker was chairman of the Federal Reserve during the 1970s and 1980s when OPEC raised the price of oil from about $2.50 per barrel to $30.00 per barrel overnight. Since oil is integral to all parts of our economy, we saw the worst inflation ever. Volcker had to raise interest rates to near 20% to break the back of the inflation. He is no shrinking violet.

Now, again, he is center stage. His latest proposal, called the "Volcker Rule," calls for banks that do proprietary trading to give up their banking status. Goldman Sachs (GS) and other financial institutions acquired bank status during the financial crisis. One condition for receiving TARP money was that institutions had to be a bank. The Treasury department allowed them to become banks, and they did receive TARP money.

Continue reading The Volcker Rule: You Can't Stay a Bank and Do Proprietary Trading

The Volcker Rule: You Can't Stay a Bank and Do Proprietary Trading originally appeared on BloggingStocks on Fri, 12 Feb 2010 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredFederal ReserveGoldman SachsGSinthenewsOPECPaul VolckerTARPVolcker RuleFri, 12 Feb 2010 12:20:00 EST<![CDATA[OPEC's Ministers Keep Oil Output Unchanged]]>http://www.bloggingstocks.com/2009/12/22/opecs-ministers-keep-oil-output-unchanged/http://www.bloggingstocks.com/2009/12/22/opecs-ministers-keep-oil-output-unchanged/http://www.bloggingstocks.com/2009/12/22/opecs-ministers-keep-oil-output-unchanged/#commentsFiled under: , , ,

OPEC oil ministers agreed to keep production unchanged. Saudi Arabia has made it clear that it does not want oil prices to fluctuate too much, fearing that it would stunt the fragile recovery of world economic growth. They want to keep prices in the $70 to $80 per barrel range.

The key problem for OPEC is adherence to output quotas. At present, member adherence is about 60%. Oil demand is on the weak side. Edward Meir of MF Global said: "We suspect the ensuing price bias will be to the downside."

Continue reading OPEC's Ministers Keep Oil Output Unchanged

OPEC's Ministers Keep Oil Output Unchanged originally appeared on BloggingStocks on Tue, 22 Dec 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Edward MeirExxon Mobilinthenewsoil pricesoil productionOPECXOMXTOTue, 22 Dec 2009 12:00:00 EST<![CDATA[Commerzbank Analyst Sees Oil Falling Below $60 in 2010]]>http://www.bloggingstocks.com/2009/12/21/commerzbank-analyst-sees-oil-falling-below-60-in-2010/http://www.bloggingstocks.com/2009/12/21/commerzbank-analyst-sees-oil-falling-below-60-in-2010/http://www.bloggingstocks.com/2009/12/21/commerzbank-analyst-sees-oil-falling-below-60-in-2010/#commentsFiled under: ,

Can one forward a strong argument for a downtrend in oil's price in 2010?

Commerzbank AG Senior Analyst Eugen Weinberg attempts do just that -- predicting that oil will fall to $59 per barrel in Q4 2010, due to OPEC production increases.

"Next year, I see risk from the downside," Weinberg told Bloomberg News Monday. "OPEC discipline is receding, and I think this will continue." He added that until there's evidence of production discipline from OPEC, prices have increased prematurely, according to his analysis.

Continue reading Commerzbank Analyst Sees Oil Falling Below $60 in 2010

Commerzbank Analyst Sees Oil Falling Below $60 in 2010 originally appeared on BloggingStocks on Mon, 21 Dec 2009 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>commerzbank agCommerzbankAgEugen WeinbergEugenWeinbergoil pricesOPECMon, 21 Dec 2009 16:20:00 EST<![CDATA[OPEC Is in the Catbird Seat]]>http://www.bloggingstocks.com/2009/12/20/opec-is-in-the-catbird-seat/http://www.bloggingstocks.com/2009/12/20/opec-is-in-the-catbird-seat/http://www.bloggingstocks.com/2009/12/20/opec-is-in-the-catbird-seat/#commentsFiled under: , ,

Let's just say OPEC is in an enviable position.

Come to think of it -- when hasn't OPEC been in an enviable position? OPEC heads into its December meeting next week "in the catbird seat," to cite an old phrase popularized by the late, great Red Barber. OPEC does not have to cut production to keep prices high -- they're already high: oil closed Friday up 40 cents to $73.05 per barrel. The roughly doubling of oil's price in 2009 is the main reason the average U.S. gasoline price for unleaded regular has risen about $1 to $2.60 per gallon this year.

Continue reading OPEC Is in the Catbird Seat

OPEC Is in the Catbird Seat originally appeared on BloggingStocks on Sun, 20 Dec 2009 11:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Congresseconomic recoveryfuel pricesgasoline pricesoil demandoil pricesOPECrecessionSun, 20 Dec 2009 11:10:00 EST<![CDATA[The oil market is up for grabs]]>http://www.bloggingstocks.com/2009/12/11/the-oil-market-is-up-for-grabs/http://www.bloggingstocks.com/2009/12/11/the-oil-market-is-up-for-grabs/http://www.bloggingstocks.com/2009/12/11/the-oil-market-is-up-for-grabs/#commentsFiled under: ,

Paraphrasing the great Twain, if you don't like the price of oil, wait awhile.

Oil, which traded in a seemingly interminable $75-80 range for seven weeks, closed below $70 Friday -- down 84 cents to finish the week at $69.70.

And, as one might sense, the oil bears are scavenging in the woods, trying to change oil's narrative to one based on fundamentals: from a supply/demand standpoint, oil should be nowhere near $70. Inventories of several key indicators are at yearly highs or better. U.S. oil demand is down on a year-over-year basis, due to the pronounced recession, and may not recover to pre-recession levels for years. Meanwhile, Asian/emerging market demand, while rising, is so far not extraordinary.

Continue reading The oil market is up for grabs

The oil market is up for grabs originally appeared on BloggingStocks on Fri, 11 Dec 2009 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarinflationoilOPECFri, 11 Dec 2009 17:30:00 EST<![CDATA[Closing Bell: When gold starts paying dividends (AIG, NTRI, MOS, TM, GDX)]]>http://www.bloggingstocks.com/2009/10/06/closing-bell-when-gold-starts-paying-dividends-aig-ntri-mos/http://www.bloggingstocks.com/2009/10/06/closing-bell-when-gold-starts-paying-dividends-aig-ntri-mos/http://www.bloggingstocks.com/2009/10/06/closing-bell-when-gold-starts-paying-dividends-aig-ntri-mos/#commentsFiled under: ,

Maybe days with no solid economic data are the best after all. The Saudis denied that OPEC was considered moving away from oil being quoted in US Dollars and gold put in new all-time contract highs. T. Boone Pickens was also out with his new 2010 oil price predictions this morning.

Here were today's unofficial closing bell levels:

Dow 9,731.25 +131.50 (1.37%)
S&P 500 1,054.72 +14.26 (1.37%)
Nasdaq 2,103.57 +35.42 (1.71%)

Analyst Calls: Top Upgrades and Top Downgrades
Top Day Trader Alerts
Top Rumors of the Day

Continue reading Closing Bell: When gold starts paying dividends (AIG, NTRI, MOS, TM, GDX)

Closing Bell: When gold starts paying dividends (AIG, NTRI, MOS, TM, GDX) originally appeared on BloggingStocks on Tue, 06 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredGDXMOSNTRIOPECsaudi arabiaSaudiArabiat. boone pickensT.BoonePickensTue, 06 Oct 2009 16:00:00 EST