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Cramer Explains Tuesday's Rally: Trading Algorithms 'Are Still Tied To Oil'
Tuesday, June 28, 2016 - 10:47am | 256U.S. indices rallied Tuesday morning led by a triple digit point gain in the Dow Jones. Granted, stocks have been opened for trading for less than half an hour, and the Dow Jones Index is trading closer to 17,000 than the 18,000 level it flirted with last Thursday. CNBC's Jim Cramer acknowledged...
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Calendar Could Be Good News For These Commodities ETFs
Tuesday, June 21, 2016 - 9:31am | 553Commodities are on the mend. That much is confirmed by the year-to-date performance of the PowerShares DB Com Indx Trckng Fund(ETF) (NYSE: DBC) and other diversified exchange-traded products. DBC is up 15.3 percent this year. Mending Commodities Some individual commodities, namely energy and...
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Goldman Sees These 3 Areas Leading The Oil Market Recovery
Thursday, May 26, 2016 - 12:03pm | 291Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best...
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Commodities Call For The Colombia ETF
Monday, May 9, 2016 - 8:33am | 474When commodities swooned over the past two years, plenty of emerging markets and the corresponding exchange-traded funds felt the pain. The Global X MSCI Colombia ETF (NYSE: GXG) was among those ETFs, losing an average of 34 percent in 2014 and 2015. Commodities' Swoon And Subsequent Rebound Those...
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Brent Oil Reclaims $50 On Possibility Of Global Cooperation Among Producers
Tuesday, October 6, 2015 - 11:13am | 440Brent oil prices climbed above $50/bbl on Tuesday for the first time in two weeks. Prices have been boosted by speculation of increasing cooperation among global producers. Geopolitical uncertainties in Iran and Syria have the potential to serve as both negative or positive catalysts for...
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ETF Outlook For Thursday, June 12, 2014 (BNO, EWC, SMH, INTC, SLX)
Thursday, June 12, 2014 - 9:43am | 465ETF Outlook for Thursday, June 12, 2014 United States Brent Oil ETF (NYSE: BNO) An escalation in the violence in Iraq has led to a spike in the price of Brent crude oil as well as WTI oil in the U.S. There has not been a major affect on oil supply at this time, however traders are pricing in...
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Deutsche Bank Raises 2012 Brent Crude Oil Forecast
Tuesday, October 2, 2012 - 5:14am | 53Deutsche Bank (NYSE: DB) lifted its 2012 outlook for Brent crude oil. For 2012, the bank now projects Brent crude oil to average $113 per barrel, versus its earlier view of $107 per barrel. The bank expects Brent to average $113.50 per barrel in 2013. Deutsche Bank shares closed at $40.21...
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Brent Crude Oil Climbing on Spain Bailout
Friday, September 28, 2012 - 7:50am | 277Brent crude oil has been steadily climbing Friday morning, rising nearly $1 to 113.09. This increase is largely attributed to the news of Spain's budget reform released on Thursday afternoon. While the budget reform hasn't officially requested a bailout, it shows that Spain is taking steps toward...