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 Glut at Cushing Oklahoma Could Last Two Years]]>http://www.bloggingstocks.com/2011/04/01/oil-glut-at-cushing-oklahoma-could-last-two-years/http://www.bloggingstocks.com/2011/04/01/oil-glut-at-cushing-oklahoma-could-last-two-years/http://www.bloggingstocks.com/2011/04/01/oil-glut-at-cushing-oklahoma-could-last-two-years/#commentsFiled under: , ,

oil pipelinesThere's a big ballyhoo about oil these days. With the turmoil in the Middle East, especially in Libya, the price of West Texas Intermediate (WTI) crude oil is priced over $100 per barrel. Gasoline at the pump is almost $4.00 per gallon.

Why then talk about an oil glut? We should first look at where our oil is coming from. Believe it or not, Canada is the biggest exporter of oil to the U.S. Canada is sending so much oil to the U.S. that our pipelines and storage facilities can't handle it. Reuters reports that our key storage facilities at Cushing Oklahoma are filled to capacity and are not equipped to handle the oil flow.

Continue reading Oil Glut at Cushing Oklahoma Could Last Two Years

Oil Glut at Cushing Oklahoma Could Last Two Years originally appeared on BloggingStocks on Fri, 01 Apr 2011 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Cushing OKgasolinehigh pricesindustry oil refininginthenewsoil glutpipelinesstorageWTIFri, 01 Apr 2011 11:00:00 EST<![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[Consumer Confidence Hits Three-Month Low]]>http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/http://www.bloggingstocks.com/2011/03/29/consumer-confidence-hits-three-month-low/#commentsFiled under: , , , , ,

consumer confidenceConsumer confidence fell more than expected during the month of March, hitting a new three-month low as high gasoline prices weigh on the minds on consumers.

The Conference Board's consumer confidence index read 74 during February, but dipped in March all the way down to 63.4. Going into today's reading, analysts had been expecting to see the consumer confidence index decline, but only to 65.

Continue reading Consumer Confidence Hits Three-Month Low

Consumer Confidence Hits Three-Month Low originally appeared on BloggingStocks on Tue, 29 Mar 2011 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>confidenceconsumer confidenceconsumersgasgas pricesgasolinegasoline priceshousinghousing marketinthenewsreal estateTue, 29 Mar 2011 16:00:00 EST<![CDATA[Bernanke Says He Does Not Want to Create Inflation]]>http://www.bloggingstocks.com/2010/11/07/bernanke-says-he-does-not-want-to-create-inflation/http://www.bloggingstocks.com/2010/11/07/bernanke-says-he-does-not-want-to-create-inflation/http://www.bloggingstocks.com/2010/11/07/bernanke-says-he-does-not-want-to-create-inflation/#commentsFiled under: , , , ,

BernankeReuters quoted Federal Reserve Chairman Ben Bernanke as saying: "We're not in the business of trying to create inflation. Our purpose is to provide additional stimulus to help the economy recover and to avoid potentially additional disinflation, which I think we'll all agree could also be worrisome."

Bernanke claims that inflation is below the Fed's 2% target. That's hogwash! Sure if you use the "core" CPI, which leaves out food and energy, that may be the case. Not to worry.

Continue reading Bernanke Says He Does Not Want to Create Inflation

Bernanke Says He Does Not Want to Create Inflation originally appeared on BloggingStocks on Sun, 07 Nov 2010 11:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Bernankecommoditiescore CPIcorncottondollarenergyfeaturedfood pricesgasolinegoldinflationinthenewsoilsilversoybeansstimulussugarwheatSun, 07 Nov 2010 11:10:00 EST<![CDATA[Oil Continues to Head Higher on Jobless Claims]]>http://www.bloggingstocks.com/2010/09/30/oil-continues-to-head-higher-on-jobless-claims/http://www.bloggingstocks.com/2010/09/30/oil-continues-to-head-higher-on-jobless-claims/http://www.bloggingstocks.com/2010/09/30/oil-continues-to-head-higher-on-jobless-claims/#commentsFiled under: , , , , ,

After a strong day yesterday for oil prices, the precious crude has had another strong showing today, rising $2.04 a barrel to $79.90, and was trading above the psychological $80 mark earlier in the day.

One of the main catalysts pushing oil prices higher today was a better than expected jobs report from the U.S. Labor Department that showed that first time jobless claims were lower than expected last week.

Continue reading Oil Continues to Head Higher on Jobless Claims

Oil Continues to Head Higher on Jobless Claims originally appeared on BloggingStocks on Thu, 30 Sep 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>80 oilcrudefeaturedgasolineinthenewsjobless claimsoiloil pricesunemploymentThu, 30 Sep 2010 16:40:00 EST<![CDATA[Oil Prices Head Higher Despite Bearish Inventory Report]]>http://www.bloggingstocks.com/2010/08/25/oil-prices-head-higher-despite-bearish-inventory-report/http://www.bloggingstocks.com/2010/08/25/oil-prices-head-higher-despite-bearish-inventory-report/http://www.bloggingstocks.com/2010/08/25/oil-prices-head-higher-despite-bearish-inventory-report/#commentsFiled under: , , , , ,

rising oil pricesOil prices have been steadily falling over the past week, but reversed course today and managed to gain $0.89 a barrel to close the day at $72.52.

Today's rise came despite a bearish inventory report that showed oil inventories rose by 4.11 million barrels last week, well above the 300.000 barrels that analysts had been expecting to see.

Continue reading Oil Prices Head Higher Despite Bearish Inventory Report

Oil Prices Head Higher Despite Bearish Inventory Report originally appeared on BloggingStocks on Wed, 25 Aug 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollareurogasolinehousinginthenewsoiloil inventoryoil pricesWed, 25 Aug 2010 17:30:00 EST<![CDATA[Oil Trades Higher as Inventories Shrink]]>http://www.bloggingstocks.com/2010/07/08/oil-trades-higher-as-inventories-shrink/http://www.bloggingstocks.com/2010/07/08/oil-trades-higher-as-inventories-shrink/http://www.bloggingstocks.com/2010/07/08/oil-trades-higher-as-inventories-shrink/#commentsFiled under:

rising oil pricesOil prices have been steadily falling over the past 3 weeks, but broke through the psychological $75 barrier today as the Energy Department announced a drop in inventories last week.

Going into today's inventory report, analysts had been expecting to see oil inventories drop by 2 million barrels, but the impact that Hurricane Alex on operations in the Gulf was greater than expected and supplies actually shrank by 4.96 million barrels.

Continue reading Oil Trades Higher as Inventories Shrink

Oil Trades Higher as Inventories Shrink originally appeared on BloggingStocks on Thu, 08 Jul 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredgasgasolineinthenewsjobless claimsjobslabor departmentoiloil inventoryoil pricesThu, 08 Jul 2010 16:40:00 EST<![CDATA[Oil's First Losing Quarter Since 2008]]>http://www.bloggingstocks.com/2010/07/01/oils-first-losing-quarter-since-2008/http://www.bloggingstocks.com/2010/07/01/oils-first-losing-quarter-since-2008/http://www.bloggingstocks.com/2010/07/01/oils-first-losing-quarter-since-2008/#commentsFiled under: , , ,

falling oil pricesOil prices have been falling recently, and they continued to fall Wednesday, resulting in oil having its first losing quarter since the end of 2008.

Oil prices have dropped by 9.7% since the end of the first quarter on growing concerns over the global economy and due to lackluster summer demand.

On Tuesday, the big news was that China was growing slower than previously expected. On Wednesday, we had two pieces of news affecting oil prices: oil inventories and a weak jobs report.

Continue reading Oil's First Losing Quarter Since 2008

Oil's First Losing Quarter Since 2008 originally appeared on BloggingStocks on Thu, 01 Jul 2010 08:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chinafeaturedgasolineinthenewsoiloil inventoriesoil pricestravelThu, 01 Jul 2010 08:00:00 EST<![CDATA[Oil Prices Drop 3% on Economic Fears]]>http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/http://www.bloggingstocks.com/2010/06/30/oil-prices-drop-on-economic-fears/#commentsFiled under: , , , , ,

Oil Prices Fall 3%Tuesday was a tough day for oil traders, with oil prices falling 3% to a two-week low.

The main thing spooking traders was a report that indicated growth in China was running lower than previously expected.

The Conference Board announced that, when it previously released that China's leading economic indicator rose by 1.7% during April, there was a calculation error. Instead of growing by 1.7% in April, it actually grew by a mere 0.3%.

Continue reading Oil Prices Drop 3% on Economic Fears

Oil Prices Drop 3% on Economic Fears originally appeared on BloggingStocks on Wed, 30 Jun 2010 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chinadollareconomic fearseconomyeuroeuropefeaturedgasgasolineinthenewsoiloil consumptionoil inventoryoil pricesWed, 30 Jun 2010 09:00:00 EST<![CDATA[Oil Prices Slightly Lower Following Bearish Inventory Report]]>http://www.bloggingstocks.com/2010/04/07/oil-slightly-lower-following-bearish-inventory-report/http://www.bloggingstocks.com/2010/04/07/oil-slightly-lower-following-bearish-inventory-report/http://www.bloggingstocks.com/2010/04/07/oil-slightly-lower-following-bearish-inventory-report/#commentsFiled under: , , , , ,

oil trads lower following inventory reportOil has been enjoying a very strong rally over the past couple of weeks, but prices are trading a bit lower today following this week's oil inventory report from the Department of Energy.

Going into today's report, analysts had forecast that we would see a 1.2 million barrel increase in reserves, but the build up was slightly higher at 2.0 million barrels of oil in reserve.

Continue reading Oil Prices Slightly Lower Following Bearish Inventory Report

Oil Prices Slightly Lower Following Bearish Inventory Report originally appeared on BloggingStocks on Wed, 07 Apr 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>department of energygasgas pricesgasolineinthenewsoiloil pricesoil reservesWed, 07 Apr 2010 17:00:00 EST<![CDATA[Oil Prices Continue to Climb]]>http://www.bloggingstocks.com/2010/04/05/oil-prices-continue-to-climb/http://www.bloggingstocks.com/2010/04/05/oil-prices-continue-to-climb/http://www.bloggingstocks.com/2010/04/05/oil-prices-continue-to-climb/#commentsFiled under: , , , , ,

oil prices continue to riseOil prices continued to rally today, with prices jumping $1.56 a barrel to $86.43.

Today's jump in oil prices is a reaction to positive news today that indicated the economic recovery could be stronger than anticipated.

Continue reading Oil Prices Continue to Climb

Oil Prices Continue to Climb originally appeared on BloggingStocks on Mon, 05 Apr 2010 18:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>3 gas90 oilcrudefeaturedgasgasolineinthenewsoiloil pricesoil rallyrising oilMon, 05 Apr 2010 18:20:00 EST<![CDATA[$3 Gas Is Almost Here -- What's Next?]]>http://www.bloggingstocks.com/2010/03/11/3-00-gas-is-almost-here-will-it-go-higher/http://www.bloggingstocks.com/2010/03/11/3-00-gas-is-almost-here-will-it-go-higher/http://www.bloggingstocks.com/2010/03/11/3-00-gas-is-almost-here-will-it-go-higher/#commentsFiled under: ,

Gasoline futures closed at $2.2851 a gallon on Wednesday. That's a gain of 21% since February. The price of gasoline futures is the price at wholesale. Retailers can up the price to whatever the traffic will bear.

Right now gasoline at retail is about $3 per gallon. Retail gasoline, which closely follows crude oil prices, is up 5.5% over the past three weeks and 42% higher than a year ago.

Continue reading $3 Gas Is Almost Here -- What's Next?

$3 Gas Is Almost Here -- What's Next? originally appeared on BloggingStocks on Thu, 11 Mar 2010 10:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>featuredgasolineinthenewsThu, 11 Mar 2010 10:00:00 EST<![CDATA[ExxonMobil: A Buy After Q4?]]>http://www.bloggingstocks.com/2010/02/02/exxonmobil-a-buy-after-q4/http://www.bloggingstocks.com/2010/02/02/exxonmobil-a-buy-after-q4/http://www.bloggingstocks.com/2010/02/02/exxonmobil-a-buy-after-q4/#commentsFiled under: , ,

ExxonMobil (XOM) is a tricky stock to consider. The integrated oil entity reported fourth-quarter results on Monday, and there was good news and bad news. According to Jonathan Berr over at DailyFinance, net income was $1.27 per share, several pennies ahead of estimates. The top line also came in better than expected.

Unfortunately, profit on a dollar basis dropped over 20%. And higher oil prices are making things difficult at the refinery stage. While the earnings beat is good, these elements to the story must be given ample consideration.

Continue reading ExxonMobil: A Buy After Q4?

ExxonMobil: A Buy After Q4? originally appeared on BloggingStocks on Tue, 02 Feb 2010 16:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>dividend investingdividend stocksdividendsexxonmobilfeaturedgasolineinthenewsoilXOMXTOxto energyTue, 02 Feb 2010 16:20:00 EST<![CDATA[Costco's December Same-Store Sales Rise More Than Expected]]>http://www.bloggingstocks.com/2010/01/07/costcos-december-same-store-sales-rise-more-than-expected/http://www.bloggingstocks.com/2010/01/07/costcos-december-same-store-sales-rise-more-than-expected/http://www.bloggingstocks.com/2010/01/07/costcos-december-same-store-sales-rise-more-than-expected/#commentsFiled under: ,

Retail sales results are pouring in, and one of the companies finding itself on the smiling side of the data is Costco (COST). The warehouse club reported that higher gas prices and a weak dollar helped a "key sales figure" increase 9% during December. The Street expected Costco to report an increase of 7.9%. Removing higher gasoline prices and the soft dollar from the equation resulted in a sales increase of 4%. U.S. sales increased 2% and international results increased 10%.

Costco (and other warehouse stores) turned in a solid month, as shoppers looked to stretch their dollar as far as possible. When you can go into a store and purchase 50 toilet paper rolls for a reasonable price, why wouldn't you shop at a bulk retailer?

Continue reading Costco's December Same-Store Sales Rise More Than Expected

Costco's December Same-Store Sales Rise More Than Expected originally appeared on BloggingStocks on Thu, 07 Jan 2010 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>COSTCostcofeaturedgasolineinthenewsretail salessame store saleswarehouseThu, 07 Jan 2010 10:20:00 EST<![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.

Continue reading Oil prices move lower as the dollar rebounds

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[Murphy Oil: A play for the U.S. gasoline market rebound ]]>http://www.bloggingstocks.com/2009/11/12/murphy-oil-a-play-for-the-u-s-gasoline-market-rebound/http://www.bloggingstocks.com/2009/11/12/murphy-oil-a-play-for-the-u-s-gasoline-market-rebound/http://www.bloggingstocks.com/2009/11/12/murphy-oil-a-play-for-the-u-s-gasoline-market-rebound/#commentsFiled under:

Just call Murphy Oil (MUR) a classic low-profile play, which is why I'm reiterating my Buy rating for the company, first recommended on April 29, 2009 at a price of $47.80. If you bought MUR in April, you're up about 27%.

Murphy reported Q3 EPS of 98 cents, roughly in-line with the First Call Q3 EPS estimate of 99 cents, and course Wall Street sold the stock, but just view that pull-back as a Buy opportunity. The reason? The argument here is that the refining sector (85% of Murphy's revenue) is just about at its weakest point, with U.S. gasoline demand likely to rebound in 2010 (although demand growth will be lower than during the previous economic expansion, due to higher gasoline/diesel prices). Murphy operates about 1,150 gas stations in the U.S.

Continue reading Murphy Oil: A play for the U.S. gasoline market rebound

Murphy Oil: A play for the U.S. gasoline market rebound originally appeared on BloggingStocks on Thu, 12 Nov 2009 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>gasolineMURMurphy OilThu, 12 Nov 2009 18:30:00 EST<![CDATA[IEA: Global energy use to resume an upward trend]]>http://www.bloggingstocks.com/2009/11/10/iea-global-energy-use-to-resume-an-upward-trend/http://www.bloggingstocks.com/2009/11/10/iea-global-energy-use-to-resume-an-upward-trend/http://www.bloggingstocks.com/2009/11/10/iea-global-energy-use-to-resume-an-upward-trend/#commentsFiled under: , , , ,

According to the International Energy Agency (IEA), global energy use is going to fall this year. That said, the group also believes that energy use will resume its upward trend, should government policies remain the same.

Looking far ahead, the IEA believes that the world's demand is projected to rise by 40% between now and 2030, when demand is estimated to hit 16.8 billion tons of oil equivalent.

Continue reading IEA: Global energy use to resume an upward trend

IEA: Global energy use to resume an upward trend originally appeared on BloggingStocks on Tue, 10 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>fuel usegasolineIEAInternational Energy Agencyinthenewsoiloil demandTue, 10 Nov 2009 15:00:00 EST<![CDATA[Chevron's third quarter earnings preview]]>http://www.bloggingstocks.com/2009/10/29/chevrons-third-quarter-earnings-preview/http://www.bloggingstocks.com/2009/10/29/chevrons-third-quarter-earnings-preview/http://www.bloggingstocks.com/2009/10/29/chevrons-third-quarter-earnings-preview/#commentsFiled under: , , , , ,

Chevron earnings previewOil giant Chevron Corp. (NYSE: CVX) will get its chance to impress Wall Street before the market opens Friday when it reports its third quarter results.

The last time the company reported earnings was back in July when it was unable to meet analyst estimates by posting 87 cents per share verse estimates for 95 cents. Traders seem optimistic that the company will meet expectations this time around and are driving the stock up 2.5% in today's trading.

Continue reading Chevron's third quarter earnings preview

Chevron's third quarter earnings preview originally appeared on BloggingStocks on Thu, 29 Oct 2009 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ChevronCVXearningsearnings previewEarningsPreviewExxon MobilExxonMobilgasolineoilXOMThu, 29 Oct 2009 17:30:00 EST<![CDATA[Oil rises despite increased inventories]]>http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/http://www.bloggingstocks.com/2009/09/30/oil-rises-despite-increased-inventories/#commentsFiled under: , , , , , ,

oil pricesOil prices have risen sharply today, despite news that oil inventories rose more than expected last week.

Traders pushed oil up $2.92 a barrel Tuesday to $69.63 even though oil inventories rose by 2.8 million barrels last week verse analyst estimates for a rise of 2.1 million barrels.

Continue reading Oil rises despite increased inventories

Oil rises despite increased inventories originally appeared on BloggingStocks on Wed, 30 Sep 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economygasgasolineGDPinthenewsinventoriesIranoiloil pricesOilPricespoliticsrecessionWed, 30 Sep 2009 17:00:00 EST<![CDATA[Oil prices fall on inventory report]]>http://www.bloggingstocks.com/2009/09/23/oil-prices-fall-on-inventory-report/http://www.bloggingstocks.com/2009/09/23/oil-prices-fall-on-inventory-report/http://www.bloggingstocks.com/2009/09/23/oil-prices-fall-on-inventory-report/#commentsFiled under: , , , , , , ,

Falling oil pricesTraders are selling oil off today after a government report that showed inventories rose last week.

Going into this week's inventory report from the Energy Information Administration, analysts had been expecting to see oil inventory drop by around 2.25 million barrels. What today's report actually showed though was an increase last week by 2.8 million barrels.

Continue reading Oil prices fall on inventory report

Oil prices fall on inventory report originally appeared on BloggingStocks on Wed, 23 Sep 2009 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>federal reserveFederalReservegas pricesgasolineGasPricesoiloil pricesOilPricesWed, 23 Sep 2009 14:20:00 EST