Oil Archive

U.S. Oil Inventories Rise By 1.3 Million Barrels

U.S. crude inventories rose by less than analysts’ expectations last week, according to data released Wednesday by the U.S. Department of Energy. Crude oil stockpiles rose 1.3 million barrels to 361.3 million barrels, compared with an average survey estimate calling for a 2.2-million-barrel increase. The American Petroleum Institute, an industry group, reported

Is China Ever Going To Stop Buying Treasuries

Recently I received an interesting newsletter describing why China is where you should be investing…I have edited the newsletter to focus on the main story… America’s biggest benefactor—the Chinese government—is about to pull the plug on the U.S. markets. The giant sucking sound you hear will be what’s left of your wealth

Roubini Predicts U.S. Losses May Reach $3.6 Trillion

Bloomberg has a shocking story on Roubini’s prediction for US losses: Roubini Predicts U.S. Losses May Reach $3.6 Trillion U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is “effectively insolvent,” said New York University Professor Nouriel Roubini, who predicted last year’s economic crisis. …… “If

Is The Oil Rally Over ??

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests or units that may be purchased and sold on the American Stock Exchange (the AMEX). The Company invests in futures contracts for light, sweet crude oil and other types of crude oil, heating oil, gasoline, natural gas

Crude Oil Falls on Minimal U.S. Storm Damage, Stronger Dollar

Bloomberg has latest story about falling crude oil prices and stronger dollar: Crude Oil Falls on Minimal U.S. Storm Damage, Stronger Dollar Crude oil fell for a fourth day as Hurricane Gustav caused minimal damage to refineries and rigs in the Gulf of Mexico and a strengthening dollar curbed the appeal of

UPS Cuts Outlook on Lower Volume and Fuel Costs

CNBC has a story about UPS cutting their outlook : UPS Cuts Outlook on Lower Volume and Fuel Costs United Parcel Service, the world’s largest shipping carrier, cut its first-quarter profit guidance Tuesday, citing lower volume and higher fuel costs. The company said it now expects earnings per share of 86 cents

Nouriel Roubini Break Up

Nouriel Roubini Professor of Economics at New York University’s Stern School of Business, breaks it up for us as to how ugly it is out there. Initial claims for unemployment benefits now at their recession level signaling the beginning of a serious slack in the labor market. Durable goods order falling –

Drawing Attention: A Weak Dollar

A weak dollar could draw more attention in the coming year. The dollar’s slide against other major currencies in recent years has helped drive up prices for energy and food and in turn contributed to the economic hardship some consumers face. A further drop in the dollar in 2008 could spell more

Private Equity Investing: Whose Next

Last month China agreed to buy a stake in Blackstone Group, one of the leading private equity firms in the United States. The question now is which governments will be the next to partner up with a major private equity firm? Oil producing nations are believed to be the most likely candidates.

Why The Dow Kept Going Up ?

Dow Jones finally fell nearly 150 points. The reason for the fall was blamed at higher oil prices, weak economic indicators and lackluster retail sales. A variety of gold, silver, steel and oil stocks slumped. Home builders, health care and a variety of tech stocks sank too. However before this fall, stocks