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Oil Futures

Weak Bounce Wednesday - Fed Can't Paper Over a Crisis of Confidence

Phil Davis | Posted 06.15.2016 | Business
Phil Davis

27% That's how many of your fellow Americans have "a great deal" or "quite a lot" of confidence in banks. Only 18% of the people have confidence ...

Faltering Thursday - Draghi's Brexit Fears Push EuroStoxx Back Below 3,000

Phil Davis | Posted 06.09.2016 | Business
Phil Davis

Things are turning ugly again. We are now officially short on the market and just in time, it seems as the EuroStoxx index is down 0.666% for the ...

Shanghai Surprise Pops China 5 Percent -- Is Everything Awesome Again?

Phil Davis | Posted 08.27.2015 | Business
Phil Davis

Wheeee, what a ride! From a new low at 2,920 (down 42%) all the way back to 3,083 in 45 minutes was the close of the Shanghai Composite this morning as China's government resumed its intervention in the stock market.

S&P Faces Critical Test at 2,060 -- Will China Save Us?

Phil Davis | Posted 08.20.2015 | Business
Phil Davis

Here we go again! The S&P Futures are re-testing that 2,060 level, which is 20 points below the 200-day moving average and, more importantly, 35 poi...

Whipsaw Wednesday: Monday Market Gains Gone in a Flash (Crash?)

Phil Davis | Posted 08.19.2015 | Business
Phil Davis

LOL, what a joke! Unfortunately, the joke is on us as Monday's silly low-volume rally has already been completely erased in this morning's Futures, w...

Wall Street Makes Huge Twitter Mistake

Reuters | Posted 12.10.2013 | Business

By Jeanine Prezioso NEW YORK, Oct 10 (Reuters) - Oil prices jumped more than $2 to their highest in a month on Thursday on growing hope for a deal ...

Broker Sent Oil Prices to Eight Month High in a Drunken Stupor

James Burgess | Posted 11.28.2012 | Business
James Burgess

On June the 30th 2009 oil mysteriously jumped by more than $1.50 a barrel during the night, to reach its highest price in eight months, the kind of swing that is caused by a major geopolitical event.

Bonnie Kavoussi

Opening The Oil Taps: A Shot Fired At Speculators

HuffingtonPost.com | Bonnie Kavoussi | Posted 08.23.2011 | Business

On first inspection, President Obama's decision to tap the nation's petroleum reserves, announced Thursday, seemed far more symbolic than consequentia...

Facebook and Goldman Sachs

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

To attach the emergently celebrated name of 'Facebook' to that of a company whose actions at a time when the country needed financial help and vision rather chose to profit heedlessly is profoundly sad.

Next Week's OPEC Meeting "Looney Tunes" and the Contango "High Step"

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

The ever obliging oil industry commentators and talking heads are falling all over themselves complimenting the Saudis for their seriousness in abiding by its OPEC allocation.

Do You Still Believe it Wasn't Speculation?

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

Oil is a financial asset now. It attracts hundreds of billions of dollars of institutional investment. And like all financial assets throughout time, it is given to fashion and fad.

OPEC's Dilemma: Raise Or Hold Oil Supply

New York Times | JAD MOUAWAD | Posted 05.25.2011 | Business

After a year of dizzying gains for energy markets, a rapid fall in oil prices lately is posing a dilemma for OPEC, the oil-producing cartel. Should O...