Search Results for: U.S. crude
Yen Strengthens on Kuroda Comments as Energy Stocks Slip
November 25th, 2014
Japan’s yen climbed after a speech by central bank Governor Haruhiko Kuroda, and the cost of insuring Japanese debt against default fell the most in two weeks. Asian energy producers retreated as oil held declines before a meeting of ...
OPEC’s Easy Days Setting Oil Production Are Over, Veteran Says; You Need Russia, Norway, Mexico
November 24th, 2014
The days when OPEC members could all but guarantee consensus when deciding production levels for oil are long gone, according to a veteran of almost two decades of the group’s meetings. The global glut of crude, which has contributed ...
Goldman Sachs’s Top Trades for 2015
November 21st, 2014
The release of Goldman Sachs GS +0.30%’ top trade ideas for the year ahead is an annual staple. Whether you think these are power trades or not, the time has come for this year’s release. Last year, of the six it suggested, ...
Dollar Climbs With European Stocks as Treasuries Decline
November 19th, 2014
The dollar strengthened to a seven-year high against the yen before the Federal Reserve releases minutes of its last meeting, when it ended a bond-buying program. Treasuries and German bunds declined while stocks rose in Europe and the pound gained. The U.S. currency ...
Brent Oil Drops Before OPEC Meeting, Iran Nuclear Talks
November 18th, 2014
Brent crude dropped for a second day as investors weighed the possibility that OPEC will reduce output next week, or that talks over Iranâs nuclear program could result in an agreement. West Texas Intermediate was little changed in New ...
Gold Holds Decline From Two-Week High as Dollar Gains, Oil Drops
November 18th, 2014
Gold held a retreat from the highest level in two weeks after the dollar strengthened and energy prices dropped, curbing demand for the metal as an investment. Silver and palladium declined. Bullion for immediate delivery traded at $1,186.35 an ...
Global markets ‘living on borrowed time’: Wilbur Ross
November 17th, 2014
Global financial markets are living on borrowed time with geopolitical crises and deflationary risks still a concern, private-equity billionaire Wilbur Ross told CNBC. “I think are living on borrowed time because investors have no alternatives,” the chairman and ...
OPEC’s Colluders Are in a No-Win Situation
November 12th, 2014
Economists will tell you that cartels are hard to keep alive. They work when everyone in the cartel holds down production to keep the price artificially high (and punish customers). But there’s a huge incentive to exceed one’s quota. ...
China deal sends shares to one-month high, rouble surges
November 10th, 2014
A landmark deal to give global investors easier access to China’s $3.9 trillion stock market helped lift world shares to their highest in over a month on Monday, as renewed tensions in Libya and Ukraine pushed up oil prices. ...
Petrobras Official Takes Leave in Possible PwC Resolution
November 5th, 2014
A senior Petroleo Brasileiro SA (PETR4) executive cited in a corruption investigation took a leave of absence, clearing the way for the company to report earnings and debate a fuel-price increase. Sergio Machado, head of the state-run oil producer’s transport unit ...
