-
Goldman Sachs Slashes Oil Forecasts Again, Warns Of $40 Brent In 'Extreme' Tariff-Driven Recession Scenario
Tuesday, April 8, 2025 - 4:58am | 471Read More...After having cut its oil forecasts twice in less than a week, analysts at Goldman Sachs cut their annual forecasts for Brent and West Texas Intermediate Crude for 2025 and 2026 yet again, warning of a worst-case scenario involving a tariff-driven global recession and higher supply by the OPEC+...
-
Crypto Exchange Giant Coinbase Gets The Axe In Kazakhstan's Regulatory Crackdown
Tuesday, November 7, 2023 - 6:13pm | 729Read More...Kazakhstan’s authorities have confirmed the blocking of the website of Coinbase (NASDAQ: COIN), the world’s second-largest crypto exchange. Kazakhstan Blocks Coinbase: The block is a direct response to the company’s operations, which are said to contradict the nation’s...
-
High Yield ETF Disconnects From NYMEX Futures: Downhill From Here?
Monday, March 28, 2016 - 10:23am | 332Read More...iShares iBoxx $ High Yid Corp Bond (ETF) (NYSE: HYG) disconnected from its strong tracking against NYMEX Light Sweet crude oil futures. Oil has started to struggle to march closer to the $44 handle Dennis Gartman said we'd never see in his lifetime. It appears the panic buying on a well-...
-
The Best And Worst ETFs Of The Week Amid Fed Relief Rally
Friday, January 9, 2015 - 5:42pm | 435Read More...The first full trading week of 2015 saw much of the damage from the past week’s selling erased by accommodative words from the Federal Reserve. The latest FOMC statement suggested that the Fed is going to be patient with respect to normalizing monetary policy and hitting inflation targets...
-
KeyBanc: M&A And Potential Trade Cases Strengthen Certain Steel Companies
Monday, August 4, 2014 - 12:42pm | 697Read More...According to analysts at KeyBanc, there exists a solid stream of macro-economic and other data sects which indicates there exists a demand recovery in the steel market. This bodes well for the risk-reward characteristics in shares of United States Steel (NYSE: X) and Steel Dynamics (NASDAQ:...
-
Traders On Look-Out For High-Tech Snooping Techniques
Thursday, December 19, 2013 - 2:55pm | 379Read More...In the film Wall Street, Charlie Sheen's character Bud Fox secretly followed around a British billionaire, Sir Lawrence Wildman, to discern his next move. Fox concluded that Wildman was meeting with key people in order to make a bid for a steel company. If Bud Fox was still up to gathering...
-
Market Wrap for Tuesday, August 6: Possibility Of September Fed Taper Weighs On Risk Assets
Tuesday, August 6, 2013 - 4:38pm | 895Read More...Comments from Federal Reserve Bank of Chicago President Charles Evans spooked the market on Tuesday and re-introduced the idea that the central bank could begin tapering its bond-buying program in September. Speaking to reporters, Evans said that “I would clearly not rule” out the possibility...
-
J.P. Morgan Lowers Continental Resources PT To $83.50 On Drop In NYMEX Oil
Friday, June 8, 2012 - 4:34pm | 46Read More...J.P. Morgan lowered its Continental Resources (NYSE: CLR) price target from $84.50 to $83.50 in a research report published today. J.P. Morgan has a Neutral rating on the company. J.P. Morgan cited a drop in NYMEX oil as the main reason behind the target change.
-
Oil Preparing for Plunge?
Friday, June 1, 2012 - 1:45pm | 271Read More...By Mike Paulenoff Let's take a BIG picture look at NYMEX Oil, which has undergone a huge decline, but which the equity markets continue to ignore. Why? I can only surmise that the grip of deflation is firmly implanted on the jugular of the equity markets. NYMEX oil has declined nearly 30...
-
Short Crude Oil (USO)
Tuesday, October 5, 2010 - 2:50pm | 151Read More...After last week's huge run in the price of crude oil, it is time to think about taking a short position. This trade worked beautifully back at the beginning of August when crude was trading at similar levels. NYMEX front-month crude futures are now trading at $81.30. Given the current economic...
-
Crude Oil Futures Lose Ground On Stock Buildup
Wednesday, January 13, 2010 - 8:07am | 109Read More...Crude oil futures extended their losses for a third day today after industry data indicated that distillate stocks, including heating oil, increased unexpectedly, despite cold weather conditions. Worries that tighter credit in China might curb the commodity appetite of the world’s second largest...
-
Expectation of Warmer Weather Conditions Cool Oil Prices
Tuesday, January 12, 2010 - 8:52am | 129Read More...Oil prices declined below $82 a barrel today. This was aided by expectations of the cold wave subsiding in several parts of the US, Europe and Asia in the forthcoming weeks, which would weaken the demand for crude. Benchmark crude for February delivery slipped $0.61 to $81.92 a barrel at midday...
-
Gold Rise Slightly With Stalling Dollar But Remains Close To 3 Week Low
Wednesday, October 28, 2009 - 1:08pm | 85Read More...Prices for Gold rose slightly on Wednesday Morning trading on the NYMEX and COMEX as the Dollar slipped due to fragile consumer confidence. However, Gold still remains close to three week low with the dollar's looming resurgence. December Prices of Gold remained practically flat at $1,035.40 an...
