From Staff Reports Stock prices soared yesterday (Tuesday), aided by some strong earnings reports and a growing belief that U.S. Federal Reserve policymakers will cut short-term interest rates at their Sept. 18 meeting. Oil prices hit a fresh record yesterday. West Texas Intermediate crude (October) gained 76 cents a barrel to close at $78.25 a […]
Category
Commodities
Why Libya and Algeria Could Be Europe's Solution For Oil
Europe cant rely on Russian gas sources anymore and must look to other countries like Libya and Algeria
Industrial Lead Hits Another Record
From Staff Reports In yet another example of the impact that demand in China is having on global commodity prices, industrial-grade lead soared to yet another record yesterday, and according to some estimates has climbed by nearly 90% so far this year. The heavy metal, especially useful in the production of the power-storage cells for […]
When Too Much Good News is Possibly a Bad Thing
Yesterday's "global" rally wasn't all that it seems.
Battle For Commodity Footholds Continues With Alcan Buyout
Alcoa Inc and Rio Tinto PLC may be looking to lock horns over one of the world's leading suppliers of bauxite, alumina, and aluminum, in Alcan Inc.
The One Time it's Good to Be Crude
Gasoline prices have fallen sharply in recent weeks and are now about 23 cents a gallon below an all-time record high set in May. But crude oil prices steamed their way to a 10-month high on Monday.
China Looking to Boost Strategic Coal Reserves
In a move that should be watched closely by commodities investors, the National People's Congress, or NPC, is drafting an amendment to a coal law that would mandate an increase in China's strategic coal reserves, according to a report late last week by the China Economic Review. The country already has two coal reserve bases […]
Venezuela Says "Adios" to Most Foreign Investment, Making it a Stay-Away Play for Investors
By unilaterally stripping away the Venezuelan oil holdings of both Exxon Mobil Corp. and ConocoPhillips, Venezuela President Hugo Chavez has essentially bid adios to future investments by foreign corporations.
Alternative Energy: How Oil's Unpredictability Is Driving Investment In Renewable Fuel Sources
Investors had feared that the Nigerian Oil Strike would be a long work outage, causing overblown oil prices instead of spiking energy prices.