Commodities fell today as investors remained cautious over the future of the Federal Reserve's stimulus program and after positive economic data caused the dollar to rise.
Articles Tagged "crude oil price"
Commodities were boosted today by optimistic expectations for the global economy.
The commodities market has been fairly volatile since Federal Reserve Chairman Ben Bernanke suggested the central bank could soon end quantitative easing.
The US dollar advanced July 5 following a positive report on the nation's job market.
Oil – Remember when oil shot up to $148 a barrel? Chen Lin does, and he sees potential for Wall Street market manipulation to push the oil price in the opposite direction—as low as $47 a barrel. Plus, he's bearish on China now. The good news is that Lin, publisher of What Is Chen Buying/Selling?, was willing to share his personal investment strategy in his interview with The Energy Report. Find out where Lin booked profits this year and get the names he's turning to for protection against oil price downside.
Commodities traders are awaiting clarification about the United States Federal Reserve's monetary easing policy, causing prices to stabilize.
A stronger dollar, helped by a decline in the number of Americans filing jobless claims, rising stocks markets and a breach of key chart levels, triggered heavy selling of US futures this week.
Oil – What the "tree huggers" don't realize, says 321energy.com founder Bob Moriarty, is that "the BMWs they drive to anti-Keystone protests need fuel." But the pipeline supporters who expect that fuel to come from American sources are just as delusional, Moriarty asserts in his scathing interview with The Energy Report. That's why he's looking beyond North America for lucrative oil plays. Find out which international producers may be ideally positioned to supply an energy-hungry U.S., and why Moriarty believes oil should be taxed "to the limit."
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
Positive economic news and hints of interest rate cuts in Europe supported oil and copper prices this week, while central banks and buyers of gold bars and coins gave the yellow metal a much-needed lift.