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 hits new record high to start off the week]]>http://www.bloggingstocks.com/2007/10/29/oil-hits-new-record-high-to-start-off-the-week/http://www.bloggingstocks.com/2007/10/29/oil-hits-new-record-high-to-start-off-the-week/http://www.bloggingstocks.com/2007/10/29/oil-hits-new-record-high-to-start-off-the-week/#commentsFiled under: , , , , ,

The week has barely gotten under way and oil has already reached new record highs. Last Friday we saw a new intraday high of $92.22, but that record was shattered today with prices moving up as high as $93.20 earlier in the session, and are currently trading up $0.97 to $92.83.

Last Friday I took a look at a look at several factors that have been pushing prices higher, and these are all still in effect, but today's move comes from a new source of supply concerns out of Mexico. Today's jump to new highs was spurred on by news that a storm in the Gulf of Mexico was forcing Petroleos Mexicanos, or Pemex, to cut back about 600,000 barrels a day worth of oil production.

Pemex announced yesterday that bad weather had already forced the oil company to cut back about 200,000 barrels of production and that another 400,000 barrel cut was on the way. The company produces on average around 3.2 million barrels a day.

Continue reading Oil hits new record high to start off the week

Oil hits new record high to start off the week originally appeared on BloggingStocks on Mon, 29 Oct 2007 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude pricesCrudePricesGulf of MexicoGulfOfMexicooiloil pricesOilPricesPemexPetroleos MexicanosPetroleosMexicanosrecord highRecordHighTropical Storm NoelTropicalStormNoelMon, 29 Oct 2007 09:00:00 EST<![CDATA[Yoohoo! Dow posts a new intraday high]]>http://www.bloggingstocks.com/2006/10/03/yoohoo-dow-posts-a-new-intraday-high/http://www.bloggingstocks.com/2006/10/03/yoohoo-dow-posts-a-new-intraday-high/http://www.bloggingstocks.com/2006/10/03/yoohoo-dow-posts-a-new-intraday-high/#commentsFiled under: , ,

dow intraday recordIt seemed that every morning of last week I asked in Before the Bell whether today would be the day that the Dow Jones Industrial average would close at its all-time high. But to no avail. Well, today isn't over yet and we still have to wait for the a closing record, but an intraday record has already been reached.

Last I checked, around 1 p.m., the Dow Jones industrial average was at 11,754.47, more than four points over and above its 11,750.28 all-time high set on Jan 14, 2000. Today's high was actually 11,755.35. [Update: at 2 p.m., the DJIA had fallen to just below its high at 11,742.23, but was still on track for a closing bell high.]

Since that January 14, 2000 record day, we've seen the market hit by one thing after another, starting with the dot com bubble burst, terrorism, the economic slowdown that ensued and corporate scandals in the form of Enron and the likes.

Oddly enough, as my colleagues Sarah Gilbert and Amey Stone have both pointed out, this is a different world and a different market and while the Dow climbs, the rest of Wall Street is quite a bit more conservative, analyzing each piece of economic data as it comes out, and each earnings report, before making any decisions. Investors are still not sure whether they should cheer or fear certain indicators that may show inflationary pressures are under control -- but perhaps at the price of the economy.

Continue reading Yoohoo! Dow posts a new intraday high

Yoohoo! Dow posts a new intraday high originally appeared on BloggingStocks on Tue, 03 Oct 2006 14:17:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>20002006closing highClosingHighdjiadoweconomyhighintraday highIntradayHighoctober 3october 3 2006October3October32006recordrecord highRecordHighTue, 03 Oct 2006 14:17:00 EST