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[Rising Costs and Political Tensions Could Weigh on Exxon Mobil]]>http://www.bloggingstocks.com/2011/03/10/exxon-mobil-middle-east-crisis/http://www.bloggingstocks.com/2011/03/10/exxon-mobil-middle-east-crisis/http://www.bloggingstocks.com/2011/03/10/exxon-mobil-middle-east-crisis/#commentsFiled under: , , , ,

Exxon Mobil (XOM) is a leading independent oil and gas exploration and production company; it competes with other major oil companies like Anadarko (APC), BP (BP), Chevron (CVX) and ConocoPhillips (COP).

The recent political turmoil in Tunisia, Egypt, and Libya, which is slowly spreading to other Middle Eastern and North African countries is likely to have an impact on Exxon Mobil's production capacity. This is because the company derives the majority of its revenues from production of crude oil and natural gas liquids (NGLs), and the Middle East and North Africa regions account for a sizable portion of its portfolio.

Continue reading Rising Costs and Political Tensions Could Weigh on Exxon Mobil

Rising Costs and Political Tensions Could Weigh on Exxon Mobil originally appeared on BloggingStocks on Thu, 10 Mar 2011 10:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AnadarkoBpChevronConocoPhillipscrude oilcrude pricesEgyptfeaturedLibyamiddle eastmideast protestsoilOilPricesTunisiaThu, 10 Mar 2011 10:00:00 EST<![CDATA[Oil Falls as China Raises Rates and Egypt Turmoil Subsides]]>http://www.bloggingstocks.com/2011/02/08/oil-falls-as-china-raises-rates-and-egypt-turmoil-subsides/http://www.bloggingstocks.com/2011/02/08/oil-falls-as-china-raises-rates-and-egypt-turmoil-subsides/http://www.bloggingstocks.com/2011/02/08/oil-falls-as-china-raises-rates-and-egypt-turmoil-subsides/#commentsFiled under: , ,

China has raised interest rates to dampen inflation. The turmoil in Egypt has subsided a bit. In addition, we have record supplies of oil in storage facilities at Cushing, Oklahoma.

There have been no disruptions of oil flows in the Suez Canal and the pipeline that connects the Red Sea and the Mediterranean.

The price of March crude fell $1.13 per barrel to $86.35, as reported by Reuters. Brent crude fell $1.33 cents per barrel to $97.86. The premium of Brent over West Texas Intermediate (WTI) widened to $11.00 per barrel. What that shows is that demand in Europe, which uses Brent is strong, while demand here in the U.S. is weak.

Continue reading Oil Falls as China Raises Rates and Egypt Turmoil Subsides

Oil Falls as China Raises Rates and Egypt Turmoil Subsides originally appeared on BloggingStocks on Tue, 08 Feb 2011 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>brent crudecrude oilEgyptfeaturedinthenewsoiloil priceoil price dropTue, 08 Feb 2011 10:30:00 EST<![CDATA[U.S. Stock Futures Signal Higher Start on Wall Street]]>http://www.bloggingstocks.com/2011/02/07/u-s-stock-futures-signal-higher-start-on-wall-street/http://www.bloggingstocks.com/2011/02/07/u-s-stock-futures-signal-higher-start-on-wall-street/http://www.bloggingstocks.com/2011/02/07/u-s-stock-futures-signal-higher-start-on-wall-street/#commentsFiled under: , , , , ,

U.S. stock futures are higher Monday morning. Futures for the Dow Jones Industrial Average gained 28 points to 12,073.00, while those for the S&P 500 index gained 4.2 points to 1,311.40. Futures for the Nasdaq Composite rose 6.25 points to 2,343.75.

U.S. markets closed higher on Friday, with the Dow Industrials gaining 29.89 points, or 0.25%, to close at 12,092.15.

Data on consumer credit for December will be released at 3:00 p.m. ET.

Continue reading U.S. Stock Futures Signal Higher Start on Wall Street

U.S. Stock Futures Signal Higher Start on Wall Street originally appeared on BloggingStocks on Mon, 07 Feb 2011 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aolcrude oilfeaturedhashuffington postlpremarketMon, 07 Feb 2011 08:30:00 EST<![CDATA[Jim Rogers Is Still a Big-Time Commodities Bull]]>http://www.bloggingstocks.com/2011/01/27/jim-rogers-commodities-bull/http://www.bloggingstocks.com/2011/01/27/jim-rogers-commodities-bull/http://www.bloggingstocks.com/2011/01/27/jim-rogers-commodities-bull/#commentsFiled under:

goldAfter a torrid year, the commodities markets showed some weakness is January. For example, gold fell by about 6%.

So is this a correction or finally a bear market?

Well, legendary investor, Jim Rogers, still thinks that commodities are the best place for your investment dollars (according to an interview on CNBC). No doubt, he has lots of credibility. When others snickered, Rogers started to invest in commodities in the late 1990s. He even wrote a book on the topic.

Continue reading Jim Rogers Is Still a Big-Time Commodities Bull

Jim Rogers Is Still a Big-Time Commodities Bull originally appeared on BloggingStocks on Thu, 27 Jan 2011 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>commoditiescommodities ETFCRSOXcrude oileconomic recoveryfeaturedGLDgoldinflationinthenewsiShares Silver TrustJim Rogersoil pricesprecious metalsSLVSPDR Gold SharesThu, 27 Jan 2011 11:00:00 EST<![CDATA[Alaskan Pipeline Shutdown Pushes BP Lower]]>http://www.bloggingstocks.com/2011/01/10/alaskan-pipeline-shutdown-pushes-bp-lower/http://www.bloggingstocks.com/2011/01/10/alaskan-pipeline-shutdown-pushes-bp-lower/http://www.bloggingstocks.com/2011/01/10/alaskan-pipeline-shutdown-pushes-bp-lower/#commentsFiled under:

Earlier today, shares of oil behemoth BP plc (BP) slid lower thanks to the shutdown of the Trans-Alaska Pipeline System. The shutdown took place on Saturday, as a leak was discovered at the 800-mile network that transports oil across Alaska. BP owns a 47% stake in the pipeline system. Overseas, BP shares finished the day more than 1% lower and are currently mere percentage points lower in American trade.

BP has seen its fair share of problems lately, what with the whole Gulf of Mexico oil spill. In fact, the Oil Spill Commission blamed BP for having "a role in all of the mistakes made at the Macondo well." The pipeline's operator stated that the leak was discovered at 8:15 AM (local time) on Saturday and that the pipeline was shut at 8:50 AM. By 6 AM on Sunday, 90% of the oil had been recovered within the building.

Continue reading Alaskan Pipeline Shutdown Pushes BP Lower

Alaskan Pipeline Shutdown Pushes BP Lower originally appeared on BloggingStocks on Mon, 10 Jan 2011 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BPcrude oilgasgas pricesinthenewsMacondoMacondo oil welloil pipelineoil spillMon, 10 Jan 2011 16:30:00 EST<![CDATA[U.S. Futures Trading Lower Ahead of Economic Data]]>http://www.bloggingstocks.com/2010/11/30/overnight-results-futures-trading-lower/http://www.bloggingstocks.com/2010/11/30/overnight-results-futures-trading-lower/http://www.bloggingstocks.com/2010/11/30/overnight-results-futures-trading-lower/#commentsFiled under: ,

U.S. stock futures are lower, this morning as investors are awaiting economic data. Futures for the Dow Jones Industrial Average are down 10 points to 11,029.00, while those for the S&P 500 are down 0.60 point to 1,185.90. Futures for the Nasdaq 100 index lost 1.50 points to 2,144.00.

U.S. stock markets closed lower yesterday, with the Dow losing 0.36%.

Economic data on Case-Shiller home prices for September and the Chicago PMI index for November business activity are due at 9:00 a.m. and 9:45 a.m. ET, respectively. The Conference Board is set to release November consumer-confidence data at 10 a.m. ET.

Continue reading U.S. Futures Trading Lower Ahead of Economic Data

U.S. Futures Trading Lower Ahead of Economic Data originally appeared on BloggingStocks on Tue, 30 Nov 2010 08:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bkscrude oilcrude oil futurescrude pricescurrenciesdollareuroewifasfeaturedoihovtiTue, 30 Nov 2010 08:30:00 EST<![CDATA[Crude Oil Tops $83 a Barrel]]>http://www.bloggingstocks.com/2010/10/19/crude-oil-tops-83-a-barrel/http://www.bloggingstocks.com/2010/10/19/crude-oil-tops-83-a-barrel/http://www.bloggingstocks.com/2010/10/19/crude-oil-tops-83-a-barrel/#commentsFiled under: , ,

The price of oil jumped 2.3% to close at $83.08 per barrel on Monday, The Wall Street Journal reported. The trigger was a report by the Department of Energy stating that Inventories fell to 1.13 billion barrels from a high of 1.44 billion barrels in September.

Since June, oil has been range-bound between $70 and $80 per barrel. Now, with inventories lower, there is a fundamental reason for oil to trade higher.

Continue reading Crude Oil Tops $83 a Barrel

Crude Oil Tops $83 a Barrel originally appeared on BloggingStocks on Tue, 19 Oct 2010 11:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crudecrude inventoriescrude oildollarfederal reserveinflationinthenewsinventoriesoilTue, 19 Oct 2010 11:20:00 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[Short Crude Oil (USO)]]>http://www.bloggingstocks.com/2010/10/05/short-crude-oil-uso/http://www.bloggingstocks.com/2010/10/05/short-crude-oil-uso/http://www.bloggingstocks.com/2010/10/05/short-crude-oil-uso/#commentsFiled under: ,

After last week's huge run in the price of crude oil, it is time to think about taking a short position. This trade worked beautifully back at the beginning of August when crude was trading at similar levels. NYMEX front-month crude futures are now trading at $81.30.

Given the current economic backdrop, $80 seems to be the magic number over which oil has a difficult time sustaining itself. There are a number of important economic numbers out this week, any one of which could send the price of oil back below the $80 threshold. In the short term, a lot of things need to go right for crude to continue to march higher.

Continue reading Short Crude Oil (USO)

Short Crude Oil (USO) originally appeared on BloggingStocks on Tue, 05 Oct 2010 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crude oilinthenewsshorting crude oilShortingCrudeOilshortsUSOTue, 05 Oct 2010 14:00:00 EST<![CDATA[Does American Petroleum Institute Data Mean Economy Is Improving?]]>http://www.bloggingstocks.com/2010/09/29/american-petroleum-institute-data/http://www.bloggingstocks.com/2010/09/29/american-petroleum-institute-data/http://www.bloggingstocks.com/2010/09/29/american-petroleum-institute-data/#commentsFiled under: , ,

oil productionEarly Wednesday morning, the American Petroleum Institute (API) reported that crude inventories dropped 2.4 million barrels during the past week. According to Platt's, inventories were expected to increase by 2.2 million barrels.

The report also showed that there was an increase in gasoline inventories, with distillates dropping. While the Energy Department is going to report its weekly supply data later Wednesday, crude futures inched higher above $76 per barrel.

Continue reading Does American Petroleum Institute Data Mean Economy Is Improving?

Does American Petroleum Institute Data Mean Economy Is Improving? originally appeared on BloggingStocks on Wed, 29 Sep 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crudecrude futurescrude inventoriescrude oileconomic dataeconomic recoveryeconomyinthenewsWed, 29 Sep 2010 10:30:00 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[Pipeline Closure Boosts Crude Futures]]>http://www.bloggingstocks.com/2010/09/13/pipeline-closure-boosts-crude-futures/http://www.bloggingstocks.com/2010/09/13/pipeline-closure-boosts-crude-futures/http://www.bloggingstocks.com/2010/09/13/pipeline-closure-boosts-crude-futures/#commentsFiled under: , ,

While stocks are gaining momentum Monday morning on positive economic numbers from overseas, oil futures are benefiting from the closure of a Midwestern pipeline.

On Sunday, the Environmental Protection Agency stated that it can not find the source of a leak along a pipeline operated by Enbridge Energy Partners (EEP). The pipeline runs from Canada to the upper Midwest, pumping 760,000 barrels per day. With this pipeline disrupted indefinitely (EEP has not given an estimate for a restart date), we could see black gold enjoying a bit of a rally.

Continue reading Pipeline Closure Boosts Crude Futures

Pipeline Closure Boosts Crude Futures originally appeared on BloggingStocks on Mon, 13 Sep 2010 10:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crude oilEEPenbridgeenbridge energy partnersEPAinthenewsoilMon, 13 Sep 2010 10:30:00 EST<![CDATA[High Inventories Keep a Lid on Oil Prices]]>http://www.bloggingstocks.com/2010/08/19/high-inventories-keep-a-lid-on-oil-prices/http://www.bloggingstocks.com/2010/08/19/high-inventories-keep-a-lid-on-oil-prices/http://www.bloggingstocks.com/2010/08/19/high-inventories-keep-a-lid-on-oil-prices/#commentsFiled under: ,

The U.S. Department of Energy reported that stockpiles of crude oil and refined products rose 1.13 billion barrels last week. This is the highest inventory rise since 1990, when records first began.

The big inventories are keeping a lid on prices. Oil traded below $75.00 per barrel on the NYMEX. A few weeks ago, oil traded as high as $83.00 per barrel.

Continue reading High Inventories Keep a Lid on Oil Prices

High Inventories Keep a Lid on Oil Prices originally appeared on BloggingStocks on Thu, 19 Aug 2010 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude oilinthenewsinventoriesoilstockpileThu, 19 Aug 2010 10:30:00 EST<![CDATA[Oil Falls Below $68 on European Debt Crisis Concerns]]>http://www.bloggingstocks.com/2010/05/20/oil-falls-below-68-on-european-debt-crisis-concerns/http://www.bloggingstocks.com/2010/05/20/oil-falls-below-68-on-european-debt-crisis-concerns/http://www.bloggingstocks.com/2010/05/20/oil-falls-below-68-on-european-debt-crisis-concerns/#commentsFiled under: , ,

Oil plunged again Thursday, at one point falling to $64.24 per barrel, before recovering to $67.74, down $2.13.

What's driving the downtrend? It's not oil's fundamentals, which are basically the same as they were a week ago. It's market psychology that's changed. Institutional investors are concerned that Europe's sovereign debt crisis has not been resolved, and that worry, combined with higher-than-expected U.S. initial jobless claims, and a disappointing April Leading Economic Indicators reading, has reduced investors risk appetite. Translation: Take some money out of growth-oriented plays, and oil is one.

Continue reading Oil Falls Below $68 on European Debt Crisis Concerns

Oil Falls Below $68 on European Debt Crisis Concerns originally appeared on BloggingStocks on Thu, 20 May 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crude oildebt crisisfeaturedinthenewsoilThu, 20 May 2010 17:00:00 EST<![CDATA[Commodities Weren't a Safe Haven on May 6, 2010]]>http://www.bloggingstocks.com/2010/05/07/commodities-may-6-2010/http://www.bloggingstocks.com/2010/05/07/commodities-may-6-2010/http://www.bloggingstocks.com/2010/05/07/commodities-may-6-2010/#commentsFiled under: , ,

Dow chart May 7 2010I don't know if any one out there can say he or she saw yesterday's plunge coming. Was the plummet based solely on a fat-fingered typing mistake? Was it based solely on concerns over the health of the Greek economy? Was it caused by rumors that Germany may pull out of the eurozone? I don't know if we will be able to specify one problem, but one thing is sure in the wake of yesterday's drop -- fear is as prominent as ever on the Street.

On down days in the markets, one generally expects to see a rally in commodities, as they are often deemed a safe haven for investors. This wasn't the case yesterday as crude oil saw its three-day sell off extend itself to a 3.6% loss, bringing the closing price of black gold to $77.11 per barrel (crude is on pace to set its worst week since 2009).

Continue reading Commodities Weren't a Safe Haven on May 6, 2010

Commodities Weren't a Safe Haven on May 6, 2010 originally appeared on BloggingStocks on Fri, 07 May 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crudecrude oileconomic crisiseconomygoldinthenewsMay 6 Stock Market PlungeFri, 07 May 2010 11:00:00 EST<![CDATA[Options Update: PetroChina Volatility Low; Crude Oil Above $85]]>http://www.bloggingstocks.com/2010/04/05/options-update-petrochina-volatility-low-crude-oil-above-85/http://www.bloggingstocks.com/2010/04/05/options-update-petrochina-volatility-low-crude-oil-above-85/http://www.bloggingstocks.com/2010/04/05/options-update-petrochina-volatility-low-crude-oil-above-85/#commentsFiled under: ,

PetroChina (PTR) closed April 1 at $119.13. WTI Crude Oil Futures are recently up .65% to $85.42 according to Bloomberg. PTR April put option implied volatility is at 25, May puts are at 28, June is at 30; below its 26-week average of 32 according to Track Data, suggesting decreasing price movement.

Baidu (BIDU) closed at $600. BIDU overall option implied volatility of 40 is near its 26-week average of 42, according to Track Data, suggesting non-directional price movement.


Update is by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: PetroChina Volatility Low; Crude Oil Above $85 originally appeared on BloggingStocks on Mon, 05 Apr 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BaiduBIDUCrude OilCrudeOiloption implied volatilityOptionImpliedVolatilityPTRWTI Crude OilWtiCrudeOilMon, 05 Apr 2010 09:00:00 EST<![CDATA[Oil Jumps to 17 Month High]]>http://www.bloggingstocks.com/2010/03/31/oil-jumps-to-17-month-high/http://www.bloggingstocks.com/2010/03/31/oil-jumps-to-17-month-high/http://www.bloggingstocks.com/2010/03/31/oil-jumps-to-17-month-high/#commentsFiled under: , , , , ,

rising oil pricesOil prices have been steadily rising, and today hit levels that we have not seen in 17 months for the precious crude.

A major reason why oil has been so strong lately is the weak U.S. dollar, which further weakened today in the wake of a worse than expected jobs report.

Continue reading Oil Jumps to 17 Month High

Oil Jumps to 17 Month High originally appeared on BloggingStocks on Wed, 31 Mar 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crudecrude oilcurrenciesdollareuroeuropefeaturedinthenewsoiloil pricesWed, 31 Mar 2010 17:00:00 EST<![CDATA[BP Purchases $7 Billion in Assets from Devon Energy]]>http://www.bloggingstocks.com/2010/03/11/bp-purchases-7-billion-in-assets-from-devon-energy/http://www.bloggingstocks.com/2010/03/11/bp-purchases-7-billion-in-assets-from-devon-energy/http://www.bloggingstocks.com/2010/03/11/bp-purchases-7-billion-in-assets-from-devon-energy/#commentsFiled under: ,

Thursday morning, it was announced that British petroleum firm BP (BP) will pay $7 billion for a group of Brazilian assets held by American firm Devon Energy (DVN). In exchange, Devon will receive half of BP's Kirby assets in Alberta, Canada for $500 million.

BP believes the its entry into Brazil will "add a major position in another attractive deep-water basin." BP will dish out $7 billion for interests in 10 exploration blocks in Brazil, 240 leases in the U.S. Gulf of Mexico deep water, and a nearly 6% stake in an Azerbaijan development. As a result of the deal, BP will have complete control of the Kaskida field in the Gulf of Mexico.

Continue reading BP Purchases $7 Billion in Assets from Devon Energy

BP Purchases $7 Billion in Assets from Devon Energy originally appeared on BloggingStocks on Thu, 11 Mar 2010 11:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bpbrazilcrude oildevon energydvnfeaturedinthenewsoiloil productionThu, 11 Mar 2010 11:20:00 EST<![CDATA[Oil Plunges 5% on Fears That European Economies May Falter]]>http://www.bloggingstocks.com/2010/02/04/oil-plunges-5-on-fears-that-european-economies-may-falter/http://www.bloggingstocks.com/2010/02/04/oil-plunges-5-on-fears-that-european-economies-may-falter/http://www.bloggingstocks.com/2010/02/04/oil-plunges-5-on-fears-that-european-economies-may-falter/#commentsFiled under: , , , , , , , , , , , ,

This morning the big news of the day was the drubbing of European stock markets as fear spread throughout the region. Fear was generated by concern that some European countries could default on their sovereign debt. Among them are Greece, Spain, and Portugal.

Greece's budget gap is 12.7% of GDP Greece has to slash spending and may need IMF assistance.

Investors sold investment deemed risky such as commodities, gold and stocks and moved their money into bonds. This started a selling frenzy in commodities with oil falling $3.14 per barrel to $73.14 per barrel. Brent crude fell $3.79 per barrel to $72.13 per barrel.

Continue reading Oil Plunges 5% on Fears That European Economies May Falter

Oil Plunges 5% on Fears That European Economies May Falter originally appeared on BloggingStocks on Thu, 04 Feb 2010 17:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>crude oilCrudeOilenergyeugreeceoilpfgbestThu, 04 Feb 2010 17:20:00 EST<![CDATA[Trade gap narrows -- a nice surprise]]>http://www.bloggingstocks.com/2009/12/10/trade-gap-narrows-a-nice-surprise/http://www.bloggingstocks.com/2009/12/10/trade-gap-narrows-a-nice-surprise/http://www.bloggingstocks.com/2009/12/10/trade-gap-narrows-a-nice-surprise/#commentsFiled under: ,

According to the Commerce Department, the U.S. trade deficit narrowed by 7.6% in October to $32.9 billion as exports increased faster than imports. Analysts had expected the trade gap to widen to show a deficit of $37 billion. The trade deficit for the year now stands at $304 billion, which is down from $610.8 billion this time last year.

The biggest reason for the lower deficit was a decrease in the importing of crude oil. That said, the trade deficit with China continued to increase, expanding to $22.7 billion in October, compared to $22.1 billion in September. The current deficit with China is at its highest level since last November. The year-long deficit with China is now $188.5 billion.

Continue reading Trade gap narrows -- a nice surprise

Trade gap narrows -- a nice surprise originally appeared on BloggingStocks on Thu, 10 Dec 2009 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>crude oileconomic recoveryinthenewstrade deficitThu, 10 Dec 2009 10:20:00 EST