Venezuela Raises Fuel Prices By More Than 6,000 Percent
By Nick Cunningham 3 hours ago
In a televised-address on February 17, Venezuelan President Nicolas Maduro delivered some crushing news to his country.
To address the fiscal crisis facing the country, the government decided to raise...
NFP is DOA
Good Morning Traders,
As of this writing 4:20 AM EST, here’s what we see:
US Dollar: Down at 96.965 the US Dollar is down 89 ticks and trading at 96.965.
Energies: March Crude is up at 31.01.
Financials: The Mar 30 year bond is up 9 ticks and trading at 163.17.
Indices: The Mar...
Dude! Where’s My Car? The Energy Report 1/25/16
Monday, January 25, 2016
by Phil Flynn of The PRICE Futures Group
Oil prices are pulling back after the biggest 2-day rally since 2008 due to concerns that the monster snowstorm out east will zap demand. While most New Yorkers are trying to...
Weaker Economic Output Could Boost Demand For Gold In Russia
Monday January 25, 2016 10:04
(Kitco News) - Weaker oil prices and crippling economic sanctions saw the Russian economy shrink last year at its fastest pace since the global financial crisis.
Monday, the country’s statistical...
The Market Equivalent Of The Classic Flick Jaws
Friday January 22, 2016 17:44
“Just when you thought it was safe to go back in the water…” That was the famous advertising slogan for the classic sea behemoth mega hit, Jaws.
Slightly modified, we have to put that in the form of a question...
Oil's slide below $30 sends shockwaves far and wide
NEW YORK | By Catherine Ngai and Jessica DiNapoli
An oil well is seen near Denver, Colorado February 2, 2015.
U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S...
First tanker carrying U.S. crude exports sets off from Texas
By Lynn Cook and Erin Ailworth
Published: Dec 31, 2015 6:27 p.m. ET
Foreign-bound oil is first since 40-year ban was recently lifted
An oil tanker discharges its load of crude oil at the Port of Corpus...