All eyes are on oil majors, as they battle a refining slump. BP reports results Tuesday, followed by Conoco on Wednesday, Exxon and Shell on Thursday, and Chevron on Friday. Though the sector is up 20 per cent, refineries are struggling as demand remains limp. Is there a way out?
All eyes are on oil majors, [...]
Crude Investing News reports crude prices look brighter with the positive economic outlook.
The oil market is bubbling over. Volatile at the best of times, the last year has been extraordinary even by those standards. When the price of crude came close to $150 a barrel, many thought the commodity was overpriced. And yet, some analysts [...]
Platinum Investing News reports platinum price dropped slightly.
It may seem odd that the bankruptcy of a major consumer of platinum would be positive for prices; however, over the past weeks the metal’s price already reflected the impending bankruptcy. Now the market has shifted its focus, and like all precious metals, platinum has seen a significant [...]
Tin Investing News reports tin prices could have a short term rally in the near future.
Manufacturers worldwide were seen building up inventories to take advantage of the current weak US dollar, traders said. The weak greenback makes commodities attractive as a hedge against inflation. It makes purchases affordable for China and India, the two key [...]
Gold Investing News reports gold prices are holding strong in the current markets.
Year to date, gold is up about 3 per cent, while other economically sensitive commodities have rallied, with copper futures up more than 50 per cent. Crude oil had reached a 2009 high of over $58 a barrel on Friday, recovered from levels [...]
Tin Investing News reports tin is doing well with the resurgence of the global markets.
Traders said tin prices were up partly because of the re-emergence of a dominant position controlling more than 90 per cent of warrants on the London Metal Exchange stocks. The dominant holding is also why the premium for cash material over [...]
Gold Investing News reports spot gold slipped a further 1% today.
The dollar climbed overnight as investors took heart from U.S. Congress’ headway on a $825 billion stimulus package. U.S. President Barack Obama’s plan cleared its first Congressional hurdle, passing through the House of Representatives, as the Federal Reserve eyed more extreme measures to ease credit [...]
Coal Investing News reports on coal and oil prices over the years.
Coal prices have gone through two really quite extraordinary cycles. Six years ago, the price of coal was $25-30 per metric ton, with a few pluses and minuses. Toward the end of 2003, coal prices started to move up; it moved up quite significantly [...]
Lead Investing News reports lead prices are stable on the London Metal Exchange (LME) though the Dow Jones fell 700 points.
Investors raced to unload stocks as widespread fears about the current financial crisis continued.
Lead is currently priced at 0.7406 (low) to 0.7497 (high), with no changes over yesterday’s spot prices.
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Monday, October 26, 2009
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