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June 10 2010, 09:45
Wednesday was an active day, and traders had a good deal more to think about. The biggest factor was this week’s Department of Energy (DOE) report, which showed a smaller drawdown in crude oil stocks than the API report had shown, but one that was still larger than the average estimates of the wire service surveys. [More]
June 9 2010, 10:05
Tuesday was one of the least interesting trading days in many months. Sometimes, these days are preferable to the days with huge advances or declines, but it often makes it difficult to take something profound or revealing from that particular day. And this clearly was a day without any guiding light, any revelation or profound meaning. [More]
June 9 2010, 08:59
Energy Drilldown – June 9, 2010 - Oil is up just over a dollar ahead of the upcoming EIA report and benefiting from expectations for a large drawdown. This week’s American Petroleum Institute (API) statistical survey showed a steep drawdown in crude oil stocks of 4.544 million barrels. [More]
June 8 2010, 09:47
July crude ended Monday’s session with a 7-cent loss in a quiet trading day during which traders covered shorts and tried to figure out what shoe would drop next. Investors, those holding oil as an asset, seem to have been liquidating long positions nearer the day’s highs, while traders who had gotten short - based on heavy supplies in the oil market - were lightly covering their short holdings and taking profits. [More]
June 7 2010, 10:04
Every now and then, what starts out as an apparently isolated incident of tragedy or stupidity turns out to be one of those defining events in history. A morning in September at the start of the decade turned out that way, when what seemed, at first, to be an errant act of navigational aerial stupidity turned out to be an initial salvo of terrorism. [More]
June 7 2010, 08:56
Energy Drilldown – June 7, 2010 - In trading on Globex this morning, July crude oil prices was mostly unchanged at $71.53 at 8:20 AM EST. Oil dropped as low as $69.51 a barrel this morning, or 2.8 percent on the day,as fears of a global economic slowdown continue to intimidate the market. [More]
June 4 2010, 16:02
FMX | Connect (Reported 6/4/10) -The following are end of day indicative bid/offer markets aggregated from OTC and Exchange market participants. This service is a guideline to help traders value their risk. While they are taken from sources believed to be accurate, these are not tradable markets. [More]
June 4 2010, 10:07
Energy Drilldown – June 4, 2010 - In trading on Globex this morning, July crude oil prices was down .52 to $74.09 at 8:10 AM EST. Oil is continuing to drop now that the non farm payroll has come out showing a 430,000 job increase, far below consensus expectations. [More]
June 3 2010, 09:52
Oil prices advanced on Wednesday as traders boosted cvommodities quotes on positive data reports on US homes and autos, generally considered the two “biggest-ticket” items purchased by consumers.The National Association of Realtors reported a 6% jump in its April index of pending hom,e sales. This was more than the 5% generally expected by analysts and realtors. [More]
June 2 2010, 16:39
FMX | Connect (Reported 6/2/10) - The following are end of day indicative bid/offer markets aggregated from OTC and Exchange market participants. This service is a guideline to help traders value their risk. While they are taken from sources believed to be accurate, these are not tradable markets. [More]