Markets

$100 Is The New Floor for Crude Oil

In the midst of the news about the EU crisis, it’s worth pointing out that oil prices have quietly crept back over $100 a barrel. West Texas Intermediate is $102 as I write. Brent crude, which many argue is the more important figure, is $111. This is remarkable given how […]
$100 Is The New Floor for Crude Oil
Markets

GOLDMAN SACHS: Here Is What 11 Big Commodities Will Do In 2012

[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:John_William_Waterhouse_-_The_Crystal_Ball.JPGhttp://en.wikipedia.org/wiki/File:John_William_Waterhouse_-_The_Crystal_Ball.JPG”] Goldman Sachs Commodities Research is bullish on commodities for 2012.”Slow growth may help commodity markets balance in 2012,” wrote the analysts.  Goldman’s economists currently forecast global GDP growth of 3.2% in 2012 and 4.1% in 2013.
GOLDMAN SACHS: Here Is What 11 Big Commodities Will Do In 2012
Markets

Gold Hits $1745, Copper Jumps 6%, Mining Stocks Rally

[credit provider=”Milena Mihaylova via Flickr” url=”http://www.flickr.com/photos/minchki/2456765249/”] As equities post massive gains, precious metals are rallying alongside.  February Gold contracts are up 1.9%, to $1745 per ounce.March copper added a tremendous 5.5%, to $3.56 per pound, while Silver is up 3.0% to $32.80 an ounce on the CME.
Gold Hits $1745, Copper Jumps 6%, Mining Stocks Rally
Markets

Gold Briefly Tops $1800 And Oil Inches To $100

Gold futures rallied above $1,800 a troy ounce during intraday trading today.  But prices quickly fell after it was reported that Italian PM Silvio Berlusconi would soon step down.  Less than two months ago, gold had crossed below $1,550.
Gold Briefly Tops $1800 And Oil Inches To $100
Markets

Peak Oil: Why We Need To Plan Now

It was by teaching a course on energy in 2004 that I first became aware of the enormous challenges facing our society this century. In preparing for the course, I was initially convinced that I would identify a sensible and obvious path forward involving energy from solar, wind, nuclear, geothermal, […]
Peak Oil: Why We Need To Plan Now
Markets

Crude Oil Is Down And Energy Stocks Are Taking A Beating

NYMEX Crude oil for December delivery is down 3.1% to $90.30 per barrel on account of uncertainty in the EU following reports of a Greek referendum and the strength of the U.S. dollar. It is, however, well-off its 52-week low of $76.15 per barrel.
Crude Oil Is Down And Energy Stocks Are Taking A Beating
Markets

Oil Prices Are Down On Unexpectedly High Supply

Light sweet crude oil for November delivery is down 1.7% to $83.79 a barrel. This comes after the Energy Information Administration (EIA) reported an increase of 1.3 million barrels of crude inventories for the week ended Oct. 7, against expectations of a decline of 4.7 million barrels.
Oil Prices Are Down On Unexpectedly High Supply
Markets

Crude Oil Soars 3%

WTI light sweet crude oil for November delivery is up 3.3% to $85.70 per barrel. This is up from its low of about $76 per barrel last week, but off its 52-week high of $114.91.
Crude Oil Soars 3%
Markets

Crude Oil Could Rise To $120/Barrel By Year’s End

[credit provider=”Flickr” url=”http://www.flickr.com/photos/[email protected]/3718603485/”] When futures options for crude oil predict that prices will rise to $120/barrel by the end of the year, and industry analysts are looking at prices closer to $101/barrel, it’s tough to know whom to believe.The difference is important because a price of around $120 will snip […]
Crude Oil Could Rise To $120/Barrel By Year’s End
Markets

Nattie’s Day Has Come

The ugly bear market in natural gas may be about to end, in our opinion.  The nuclear crisis in Japan will force policymakers to look for alternative energy sources for electricity generation and natural gas is set up perfectly.
Markets

Crude Oil Rally- Which Sectors To Buy And Stay Away From

HedgeFundLIVE.com — Due to the unrest in the Middle East that threatens oil supply, crude has been rallying, breaking above $100 last week.  Libya, the 12th largest exporter of oil in the world, the third largest producer in Africa, and the largest holder of crude oil reserves in Africa, has cut […]
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