Expiring Crude Pops Nearly $1
Crude oil spiked .95 to a high of 26.75 shortly after the opening in New York as traders closed out short positions prior to the expiration of the December contract at the end of trading today.
Surging Equities Spur Dollar Index Futures To Three-Month High
Record highs in the Nasdaq Composite and S&P 500 fanned the flames under a hotter dollar, sending dollar index futures [DXZ9>DXZ9] to a multi-month high.
Buck Breaks To Three-Month High
Dollar index futures are rallying and trading at a three-month high as international investors pour money into red-hot US equity markets that are trading at all-time highs.
Energies Hit New Highs On Tighter Supplies
December crude oil [CLZ9>CLZ9] and its products rallied to three-year highs following the American Petroleum Institute’s (API) weekly report showing that both crude oil and gasoline inventories fell to two-year lows.
Stocks Scale Back From Record Highs
Traders took profit on stocks that hit record levels yesterday on the Nasdaq and S&P 500, amid concern that the Fed’s quarter-point rate hike may not be sufficient to cool the economy.
Crude Spouts To New Highs On Tightening Supply
The American Petroleum Institute (API) issued its weekly report after the close of New York floor trading yesterday.
Oil Approaches Three-Year High And Rate Hike Pumps Up Stock Indexes
Crude oil [CLZ9>CLZ9] rallied to a 34-month high ahead of a key report on US inventory levels scheduled for release after today’s close.
Energies Rally Ahead Of Supply Report
Crude oil is trading at a contract high ahead of the American Petroleum Institute’s (API) report on inventories scheduled for release after today’s close.
Bellies Go Limit Up, Oil Hits New High
An unexpected surge in demand for bacon continues to drive pork bellies to new two-year highs. The February contract, which registered on the Momentum-5 List, moved higher for a sixth consecutive day and gained 3.000 (their daily limit) to close at 77.275.
Bellies Sizzle, Oil Hits New High
An unseasonal surge in demand is driving pork bellies to two-year highs.
Energies Set Contract Highs
Forecasts of tighter oil supplies and rising demand continued fueling the energies today and propelled crude oil, unleaded gas and heating oil to new closing highs.
Dry Brazil Weather Keeps Coffee Perking
Coffee broke out and is trading at a four-month high on news of an ongoing dry spell in the world’s largest coffee producing country.