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New York Mercantile Exchange

Tuscaloosa Marine Shale Fracking Slows as Operators Watch Oil Prices

Susan Buchanan | Posted 04.10.2015 | Business
Susan Buchanan

When crude oil prices sank this winter, companies scaled back their fracking plans in the Tuscaloosa Marine Shale deposit, running from central and southeast Louisiana into Mississippi. Exploration and drilling is mostly on hiatus there until crude rebounds, industry members said last week.

Is Saudi Arabia's Trojan Horse Spiking Gasoline Prices Americans Are Paying at the Pump?

Raymond J. Learsy | Posted 08.31.2013 | Business
Raymond J. Learsy

If the nation is benefiting so handsomely from its newly developed riches in natural gas, why have similar developments in the spectrum of oil production not resulted in a comparable impact?

The Hyped Distortion of Exchange Traded Oil Prices and the Price You Pay for Gasoline

Raymond J. Learsy | Posted 02.17.2013 | Business
Raymond J. Learsy

The U.S. benchmark for crude as traded on the New York Mercantile Exchange is West Texas Intermediate crude in Cushing, Okla. Its price has been hovering near $90/barrel these past weeks -- in spite of the fact that storage capacity at or near Cushing is filled to overflowing.

'Milestone' Case Punishes High Frequency Trading Firm

Reuters | Posted 06.23.2012 | Business

U.S. regulators' $14 million settlement with high-frequency trading firm Optiver over oil price manipulation in 2007 is a "milestone" victory in their...

Take My Wealth, Please: One Percenters Who Fight For The 99 Percent

Posted 12.01.2011 | Business

By Bruce Watson AOL Daily Finance Occupy Wall Street is slowing down a bit as winter sets in, but the conversation it inspired is still gaining m...

Global Markets Lifted On Hopes Greece Will Pass Confidence Vote

Posted 08.21.2011 | Business

LONDON (AP) -- Hopes that the Greek government will pass a crucial confidence vote later Tuesday, paving the way for the debt-stricken country to get ...

How the Financial Industry is Driving Up Gas and Heating Oil Prices

Josh Garrett | Posted 05.25.2011 | Business
Josh Garrett

If you think chaos in Libya is the only force driving up gasoline prices these days, think again. Over the past few decades, institutional investors like hedge funds and investment banks have flooded oil markets with hundreds of billions of dollars.

Moderate Fuel Prices Should Keep Heating Bills in Check

Susan Buchanan | Posted 05.25.2011 | Business
Susan Buchanan

Huge, home-heating bills in first-quarter 2010 are an unhappy memory. But southeast Louisiana residents may not have to dig as deeply into pockets in early 2011 to stay warm, experts say.

Oil Rises To 26-Month High Above $90 On U.S. Supply Forecast

Bloomberg | Grant Smith | Posted 05.25.2011 | Business

Oil climbed above $90 a barrel to the highest price in two years before a report forecast to show that U.S. crude stockpiles fell for the first time i...

BP's Smoking Gun and the Manipulation of Oil Prices

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

BP is clearly in the game to maximize profits, and the higher they can push prices through their trading on exchanges, the better for BP's bottom line. How many other producers worldwide are playing the same game?

Oil Prices Hit $71, A 2009 High

Yahoo! Finance | George Jahn | Posted 05.25.2011 | Business

VIENNA (AP) -- Oil prices soared above $71 a barrel Wednesday to reach a 2009 high, as investors poured money into crude markets to protect themselves...

Oil Prices Were Manipulated, U.S. Government Commission Charges

Janet Ritz | Posted 05.25.2011 | Green
Janet Ritz

The agency charged with "ensuring the integrity of the futures & options market," has accused Optiver Holding of manipulating the prices of crude oil, heating oil and gasoline futures on the NY Mercantile Exchange.

Fame-Seeking Trader Plotted Pushing Oil To $100

Financial Times | Javier Blas | Posted 05.25.2011 | Business

An independent trader apparently intent on securing his place in market history was responsible for oil prices briefly touching the unprecedented leve...