Frozen
Frozen, the movie made a fortune for Walt Disney (DIS, quote), and yes I did watch it, and listened to a young girl sing the song…a lot.
Middle East
Let’s Hear It For The Oil Speculators!
Let me start this analysis for oil, by highlighting an issue which I always find deeply ironic which is this – when oil prices rise quickly, a hue and cry results with the ‘evil’ speculators blamed who quickly become public enemy number one.
Brent Prices Steady Below $97 As Speculation About OPEC Cut Grows
Brent crude oil (BNO, quote) remained below $97 on Thursday as the growing supply glut continued to outweigh concerns about the conflict in the Middle East.
Brent Steady, Supply Still Weighs On Prices
Brent crude (BNO, quote) oil traded steadily at $102.10 at 8:10 GMT as the global supply glut weighed on prices.
Brent Steady After Strong Chinese Data
Brent crude oil (BNO, quote) traded near $108 on Thursday morning after unexpectedly strong Chinese data suggested rising global demand.
Brent Oil Faces Headwinds in 2014
In reviewing the EIA weekly petroleum report, the oil imports figure came in at 6.889 (Million Barrels per Day) for the week ending 01/10/14. This number compared to a year ago 8.030 (Million Barrels per Day) puts a nice cap on the downtrend which really started gaining steam in 2010 onward.
Now Is The Time For Middle East ETFs
The thought of investing in Qatar or Kuwait may seem like a daunting task for most American investors. When in reality it could be as simple as buying one ETF in your online brokerage account.
Daily Energy Report
Oil prices have held within a roughly $2.50/bbl trading range in the past seven days since the initial post-election $4.27/bbl washout on Nov 7th. While the Israel/Gaza conflict has been supportive for the market, it has only been a factor in the last two days of last week.
Crude Oil Remains Under Pressure
Crude oil continue to moved lower in today’s session on fear of global economic growth and worries about Spanish debt crisis spinning out of control. Energy traders as well traders of growth commodities became cautious on Monday when Federal Reserve Bank of New York index was reported to have fallen to -10.4 for the month of September hitting a 3 year low. The previous months reading was -5.8 with analysts’
Crude Oil Hitting 5 Month High
WTI Crude Oil prices crossed the $100 market for the first time since May 3rd on 3 catalysts ranging from the Federal Reserve’s announcement of an aggressive QE3 to the unrest in the Middle East and North Africa. September Crude Oil contracts traded as high as $100.42 before pull back under the $100 level to $99.50 on possible profit taking going into the weekend, however, remains well supported as tensions