Crude oil prices are dipping after a 17% weekly rally as Fed speakers put a September interest rate hike back into play and after we see a drop in the Shanghai composite.
Retail gasoline prices have hit their high for the year, but the news is not all bad. Despite the fact that AAA says prices have risen 17 cents a gallon, hitting $265 per gallon, prices are a lot lower than a year ago--and taking into consideration the fact that crude oil prices have soared, it could have been a lot worse.
Last Friday we finally got confirmation of where all the natural gas supply has been coming from as Cabot (COG) reported its earnings.
The world is awash in geopolitical risk. What countries/crises should you be watching (as a driver of price) and why?
The Old Farmer's Almanac had it right last winter and their woolly caterpillars and other things they use to predict weather will send chills down your spine. They are predicting a “super cold “winter in the eastern two-thirds of the country.
Twelve weeks of above-average gains in U.S. natural gas supply are easing concern over winter fuel shortages and spurring speculators to cut their bets on rising prices.
Arthur is officially Hurricane strength and gasoline demand destruction will be in its wake.
Mr. Putin’s letter sent to the European leaders and leaders from former Soviet states kept oil from falling despite some optimistic news surrounding Libyan oil exports.
Stimulating energies.
Russia moved to raise gas prices by a mere 80% on the Ukraine to punish the country for not falling under the thumb of Russian President Vladimir Putin.