Tag: Crude oil trading
Oil Collapse: Now What?
Wow… What a week for West Texas Intermediate (WTI) crude oil. The essential commodity collapsed to $83 a barrel in early morning trading today. That’s a 7.7% downturn for the week and the lowest price in nearly two and half years. Brent crude, which is considered the global benchmark, plunged to $88.50 in the early […]
Crude: Bears Vs. Bulls- Who’s Winning?
No doubt about it, yesterday was ugly for the global crude market. West Texas Intermediate (WTI) crude declined $2.09 to $95.50 a barrel. Not to be outdone, Brent crude plummeted a whopping $2.91 to $102 a barrel. As you’re likely aware, WTI is the American crude benchmark while Brent is the European counterpart. What sent […]
Tapering: Mixed Reactions From Three Commodities…
Whew… what a week! As I’m sure you’re aware, Federal Reserve Chairman Ben Bernanke announced the start of tapering on Wednesday. In a rather surprising move, the US central bank will cut back on monthly economic stimulus starting in January. Most economists believed Bernanke would hold off on tapering until March 2014 at the earliest. […]
Did You Hitch Your Wagon To These Rising Assets?
On Wednesday, we discussed the worst performing commodities for the first half of 2013. Now it’s time to cover the top performers from the first six months of the year. Let’s get to it… Lean Hogs- up 17%: The hog market is on fire this year. This often-overlooked commodity surged from $0.70 a pound in […]
