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Energy Stocks: Energy stocks rise as supply data lifts oil prices
4 hours ago ago from News
NEW YORK (MarketWatch) -- Energy stocks held their ground Wednesday despite bearish housing data, as U.S. petroleum stockpiles fell more than expected in the last week, supporting crude-oil prices. Crude oil supplies fell by 4.8 million barrels in the past week, well ahead of the forecast of 2 million barrels in a survey of analysts by Platts. Refinery utilization stood at 80%, below the forecast for 81.1%. DOW INDUSTRIALS (DJIA) ...
Related contentWhat If EIA Annual Energy Outlook Were Written by an Honest Person?
22 hours ago ago from GetRealList
For last week's Green Chip Stocks , I critiqued the 2010 Annual Energy Outlook from the EIA, and wondered what it would look like if it were written by an honest person. What If EIA Annual Energy Outlook Were Written by an Honest Person? Why The EIA Should Be Statutorily Barred From Making Predictions By Chris Nelder Friday, December 18th, 2009 Suppose you worked at the Energy Information Administration (EIA), the agency within ...
Related contentOil Futures Traded at the New York Mercantile Exchange
18 hours ago ago from Finance News
Are you familiar with Nymex oil futures? Do you know what they are, and why they are there? If you are a car owner, you better be, because this financial instrument decides the price you have to pay for a gallon of fuel at the station. Instead of complaining about soaring prices at the station, you could also be the one profiting at the trading floor. The New York Mercantile Exchange (Nymex) is the largest physical commodity futures ...
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21 hours ago ago from Martin Meenagh blog
OIL and the Future The graph depicts oil prices over the past few years. It can be found on the oil drum site. Oil is the nominal outward cause of the derivative crash; as prices spiralled, people found energy, transport and food costs growing. These limited disposable income and led to defaults, which stopped the banks' overleveraged and dishonestly validated derivatives market from functioning, leading to more defaults and further falls. ...
Related contentNoix de coco séchée : rapport de marché décembre 2009
1 hour, 20 minutes ago ago from la lettre de l'Acheteur
Market report desiccated coconut December 2009 With 2009 running to an end, we hereby send you our traditional December report on desiccated coconut. Looking back at the last 1,5 years, it becomes evident that we are looking on one of the most challenging periods in recent history, with unexpected external factors dominating most soft commodity markets. First half 2008 D/C prices were setting new record highs in ...
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Oil rises on surprise inventory drop
6 hours ago ago from CNN Money
TRADING CENTER Oil rises on surprise inventory drop December 23, 2009: 9:37 AM ET LONDON (Reuters) -- Oil traded above $74 on Wednesday, buoyed by a sharp drawdown in U.S. crude stocks and an unexpected fall in gasoline inventories, but held in check by a firmer dollar. U.S. crude for February rose 30 cents to $74.70 a barrel in thin pre-holiday trade, after ...
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