 |
Louisiana Light • 2 days | 90.66 | -1.96 | -2.12% | ||
|
Bonny Light • 1 day | 94.49 | +0.54 | +0.57% | ||
|
Opec Basket • 1 day | 93.56 | -1.43 | -1.51% | ||
|
Mars US • 16 hours | 87.38 | +0.41 | +0.47% | ||
|
Gasoline • 10 mins | 2.308 | -0.052 | -2.19% |
|
Bonny Light • 1 day | 94.49 | +0.54 | +0.57% | ||
|
Girassol • 1 day | 95.40 | +0.27 | +0.28% | ||
|
Opec Basket • 1 day | 93.56 | -1.43 | -1.51% |
|
Peace Sour • 7 hours | 83.73 | +0.41 | +0.49% | ||
|
Light Sour Blend • 7 hours | 84.23 | +0.41 | +0.49% | ||
|
Syncrude Sweet Premium • 7 hours | 92.83 | +0.41 | +0.44% | ||
|
Central Alberta • 7 hours | 82.03 | +0.41 | +0.50% |
|
Eagle Ford • 1 day | 85.71 | +0.41 | +0.48% | ||
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Oklahoma Sweet • 1 day | 85.75 | +0.50 | +0.59% | ||
|
Kansas Common • 7 days | 84.00 | +3.25 | +4.02% | ||
|
Buena Vista • 7 days | 98.88 | +2.54 | +2.64% |
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Finance / the Markets
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…
The Trouble With Bonds
The U.S. deficit and the Treasury bonds which must be sold to fund it are beyond comprehension. The trouble with bonds (the U.S. Treasury variety, among others) is simple: there's…
Fate of Foreign Oil Investors In Limbo Amid Ghana-Cote d'Ivoire Border Dispute
A maritime boundary dispute between Ghana and Côte d’Ivoire that erupted this month casts doubt on future international oil claims near the contested area and raises questions about the reaction…
The Stock Market As Propaganda
Since 91% of stocks are owned by the Plutocracy, the much-ballyhooed rise in the stock market as proof the recession is over is perception management/ propaganda. The 75%…
Shipping Indices Highlight a Potential Commodities Sell Off
The China Containerized Freight Index has bee-lined upward in 2010. The index tracks shipping prices for goods sailing from China to 11 different regions around the world. Between January…
What is the Biggest Question in the Markets Right Now?
Now that the S&P rallied over 60 pct since last March 2009, and pretty much all other markets except housing and real estate have also rallied (anything connected to financial…
A Bull Market Requires a Healthy Consumer Underneath
A year ago this week the stock market hit its nefarious 666 level on the S&P 500. Since that historic day, we have enjoyed a 68% appreciation in equities from…
U.S. Jobs Data Propels Crude Oil Above $80 a Barrel
Oil Market Summary for 03/01/2010 to 03/05/2010. Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a…
Chinese Shipping Indices go Ballistic as Wave of Exports Leave China
There are a lot of ships sailing around China these days. As I've discussed several times over the past weeks, Chinese shipping indices have gone ballistic. The China Containerized Freight…
Seismic Activity in Japanese Commodity Markets
There has been some unusual action on the Japanese commodities markets that demands a comment. I mentioned earlier this week that over the last two weeks the Japanese have revved…
Analysts Remain Bullish on Schlumberger After Bid for Smith International
Although shares of oilfield services giant Schlumberger (SLB) took a hit after the company announced an $11 billion takeover bid for rival Smith International (SII) on Sunday, many analysts remain…
Peak Oil and the Investment Landscape: A Look at the Potential Winners and Losers
Last month, I explained in an article how and why the world is approaching a worldwide peak in oil production sometime in the next decade. Although…
US Energy Security Placed at risk as Oil & Gas Companies are Penalised by Obama Administration
The Obama Administration is currently pursuing a misguided and dangerous war on the oil and natural gas industry, blaming it for not doing enough to curb greenhouse gas emissions. Not…
Libya Courting Oil & Gas Investors but Faces a Tough Sell Following Recent Government Fiascos
The Libyan government has been sounding off lately about boosting the profile of its oil and gas market, but it’s questionable whether international companies will ignore the government’s missteps in…
