oil
S&P 500 Slides With Crude as Treasuries Slump on Fed Rate Bets
©2015 Bloomberg News NYQY7R6KLVRB (Bloomberg) — U.S. stocks fell the most in two weeks as crude plunged past $40 a barrel to send energy shares tumbling. Treasuries fell after Federal Reserve Chair Janet Yellen indicated increasing confidence in the economy two weeks before central bank officials meet. The Standard &
Funds Seen Driving China Commodity Trade Boom Defying Slowdown
©2015 Bloomberg News NOKM5S6KLVR7 (Bloomberg) — Chinese hedge funds are helping drive a commodity derivatives trading boom in the world’s biggest energy, grains and metals consumer that’s defying the worst economic growth in 25 years. Trading volumes across on the Shanghai Futures Exchange, China’s biggest commodities bourse, surged 31 percent
Oil Halts Drop Near $60 as U.S. Supplies Seen Falling Third Week
©2015 Bloomberg News NOKORU6KLVR8 (Bloomberg) — Oil halted a four-day decline to trade near $60 a barrel before U.S. government data forecast to show crude stockpiles slid for a third week. Futures were little changed in New York after dropping 2.2 percent in the past four trading sessions. Inventories probably
There’s One Part of the World Where the Oil Industry Is Booming
©2015 Bloomberg News NNY4SJ6K50YC (For Energy column alerts: SALT NRGI ) (Bloomberg) — As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack. Saudi Arabian Oil Co., Abu Dhabi National Oil Co. and
Never Mind Oil, Iran’s About to Shake the World Pistachio Market
©2015 Bloomberg News NNW51P6KLVRN (For Commodities columns alerts: SALT CMMKT ) (Bloomberg) — Iran is ready to return to the global commodities market, flooding it with fresh supplies and risking a slump in prices. Oil? Possibly, but there’s a second industry that could be even more disrupted by a nuclear
Bloomberg Business: Oil Retreats While Dollar Holds Gains; Asian Stock Futures Mixed
©2015 Bloomberg News NLZX6G6JIJUW (Bloomberg) — Crude slid amid speculation the conflict in Yemen won’t have an impact on the global oil glut, while the dollar held gains. Asian index futures were mixed after U.S. stocks rallied Friday to trim their worst week since January. U.S. and Brent crude oil
Bloomberg Business: Oil Giants in Europe Use Trading Prowess to Profit From Slump
Copyright 2015 Bloomberg. NL24QW6JIJUU (Bloomberg) — Europe’s largest oil companies are gaining support from an unlikely source as they confront the industry’s worst slump since the financial crisis: lower oil prices. Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total
Bloomberg Business: L-Shaped Oil Recovery Flattens V-Shaped Market Optimists: Energy
Copyright 2015 Bloomberg. NKLW2R6TTDSS (Bloomberg) — Get ready for an L-shaped oil recovery. A growing consensus is emerging from the likes of BP Plc, the International Energy Agency, shale wildcatters and even the Saudis that a near-term recovery to $100-a-barrel crude isn’t in the cards. Instead, expect a range of
Bloomberg Business: Oil Halts Rising Streak as U.S. Stockpiles Seen Worsening Glut
Copyright 2015 Bloomberg. Ben Sharples (Bloomberg) — Oil fell for the first time in four days before U.S. government data forecast to show crude inventories increased further last week from a record level. Futures dropped as much as 0.9 percent in New York. Stockpiles probably gained by 3 million barrels
Bloomberg Business: Oil Extends Advance as U.S. Drillers Cut Rigs Amid Global Glut
Copyright 2015 Bloomberg. Ben Sharples (Bloomberg) — Oil extended gains after capping the biggest weekly advance in almost four years amid signs drilling is slowing in the U.S., the world’s biggest consumer. Futures climbed as much as 3.3 percent in New York after a second weekly increase through Feb. 6.
