 |
Louisiana Light • 2 days | 74.87 | +3.05 | +4.25% | ||
|
Bonny Light • 24 hours | 78.10 | +2.42 | +3.20% | ||
|
Opec Basket • 2 days | 75.01 | +0.41 | +0.55% | ||
|
Mars US • 7 hours | 71.20 | -0.46 | -0.64% | ||
|
Gasoline • 1 hour | 2.718 | +0.006 | +0.22% |
|
Bonny Light • 24 hours | 78.10 | +2.42 | +3.20% | ||
|
Girassol • 24 hours | 78.52 | +2.19 | +2.87% | ||
|
Opec Basket • 2 days | 75.01 | +0.41 | +0.55% |
|
Peace Sour • 23 hours | 67.06 | +3.55 | +5.59% | ||
|
Light Sour Blend • 23 hours | 68.36 | +3.55 | +5.48% | ||
|
Syncrude Sweet Premium • 23 hours | 77.31 | +3.55 | +4.81% | ||
|
Central Alberta • 23 hours | 66.66 | +3.55 | +5.63% |
|
Eagle Ford • 2 days | 69.29 | +3.55 | +5.40% | ||
|
Oklahoma Sweet • 2 days | 69.25 | +3.75 | +5.73% | ||
|
Kansas Common • 28 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 5 days | 75.42 | -1.20 | -1.57% |
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Finance / the Markets
China Continuing to Buy U.S. Treasuries
More talk last night about China getting out of U.S. Treasuries. On the Q1 conference call for U.S. power major Duke Energy, management discussed the possibility of partnering with Chinese…
How the Hedge Funds Are Calling the Tune on Oil
Watching the gut churning $22 plunge in crude (USO) has been fascinating, and gives broader insights into the state of global capital markets as a whole. Just as the Gulf…
The Easy Money on the Euro Has Been Made
I have been a conspicuous bear on the euro (FXE) all year, back when it was trading at $1.45. We have now hit my target of the low $1.20's, and…
Chinese Market Indicates that US Stocks could be in for a Big Fall
Does the Chinese stock market presage the U.S. market's direction? If so, the U.S. market is set for a fall. The economies of China and the U.S. are in effect…
Where to Buy on the Dip
There is a new war underway between two forms of capitalism. The traditional type is driven by the big global multinationals we all know and love which are being aggressively…
Why Real Market Liquidity has Been Shrinking for Decades
The "flash crash" is in effect the little boy who shouted out that the emperor has no clothes. It was a day that has been long in coming. The screaming…
An Environmental Activist's Take on the Markets
I spent an evening with Lester Brown, president of the Earth Policy Institute and a winner of the coveted MacArthur Prize, for some long term thinking about the environment and…
Why the Stock Market and Oil are Rallying
Below are two self-explanatory charts which shed light on the current rallies in the stock market and oil. The first is a long-term snapshot of the Dow Jones Industrial Average,…
The Gravitational Pull of Financial Disaster
There are two views on the economy and stock markets. The first (and most widely-held) is that these are "responsive systems". Prices for homes, stocks and labour react to events…
Where Did U.S. Households Get the Money They Needed to Bid Up House Prices So High?
What happened to housing and financial markets over the last decade? To find out, follow the money. According to Yale Professor Robert Shiller's data, the run-up and collapse of U.S.…
The Predatory Partnership of Wall Street and the State
The Central State and Financial Plutocracy are bound in a mutually beneficial, highly predatory partnership. The Mainstream Media is missing the Big Story in the SEC/Goldman Sachs filing: the Central…
Chinese Profits: Bad for Metal prices?
Metals investors globally were cheered this week by good news from Aluminum Corp. of China (A.K.A. Chalco). The aluminum giant swung back into profitability for the first time in a…
Gaming the System - The Foundation of the U.S. Economy
The status quo not just incentivizes gaming the system, it has made it the primary way to get ahead in today's economy. Gaming the system is not just encouraged--it has…
The Creeping Terror
Over the last few days I’ve noticed one significant thing. Creeping yields on U.S. commercial paper. Prior to the financial crisis in 2008, rising yields on commercial paper were one…
Are Short Term Treasuries the Best Trade of the Next Five Years
Despite the year-long equities rally and the euphoric mood of speculators and government officials, maybe the best trade of the next 5 years will be short-term U.S. Treasuries. Stocks provide…
The Ultimate Truth on Preventing Market Abuse. It Can't be Done
I just finished reading a 144-page document from the Committee of European on ways to prevent market abuse. The paper discusses myriad ways regulators can browbeat listed companies into following…
The Fundamentals of Crude Trading
It would seem that the normal laws of supply and demand would be the foundation for establishing the current market price for commodities like crude; and to some extent this…
Vault Wars and the $50 Trillion Picture
The picture below is worth a thousand words. And $50 trillion. This was just released by the Bank of Japan as part of…
Is the U.S. Dollar the Contrarian Trade of the Decade
The majority of economic observers seem convinced that the dollar is doomed, and not in some distant future. The basic reason for this unanimity is the reasonableness of the basic…
Crude oil futures slip as funds increase bet on higher prices
Oil Market Summary for 03/15/2010 to 03/19/2010. Crude oil futures kept falling back from highs even though speculative funds increased their bets that prices are headed higher. The benchmark West…
