Topic: New York Mercantile Exchange

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Energy Voices When oil forecasts get it wrong

Oil forecasts fail so often that it's puzzling that the media, governments, corporations, and the public put so much faith in them, Cobb writes. Those whose plans were based on the IEA's 2000 oil forecast were completely blindsided by developments just a few years later.
Gold prices falling after Italian bond auction

Gold prices falling: Gold for April delivery fell $19.80, or 1.2 percent, to $1,595.70 per ounce. Silver and platinum were down 1 percent or more.
Federal Reserve uncertainties drive down Asian markets

Transcripts from the Federal Reserve's January meeting were made public Wednesday. These documents showed growing doubts about the longevity of the U.S. central bank's bond buying program, which has kept interest rates at record lows.
Italian Prime Minister Monti's surprise resignation shakes investors (+video)

Analysts fear Prime Minister Monti's unexpected resignation could spark a new round of Italian political turmoil and slow efforts to shape up the eurozone's third largest economy.
Stocks barely move as fiscal threat looms

Trading was light Monday as stocks closed without much change. Investors' anxiety about the approaching fiscal cliff held stocks in place.
Stocks fall. Obama win? No, Europe.

Stocks got a short-lived boost from Barack Obama's re-election Wednesday, but concerns over a divided Congress and grim economic news out of Europe left stocks poised for a retreat.
New York Stock Exchange will reopen Wednesday (+video)

After Hurricane Sandy closed down the New York Stock Exchange for two days, markets will reopen Wednesday. European stock markets rose broadly Tuesday after falling the day before.
Stock futures fall; Sandy shuts down US markets (+video)

Stock futures were down Monday as Hurricane Sandy shut down the major US financial markets, the first unplanned shutdown since September 2001. Stock futures on the Dow slid 99 points in premarket trading, and several companies postponed earnings reports due to Hurricane Sandy.
Heating oil inventories low for Northeast. Price spike ahead?

Heating oil inventories far below normal levels, due to refinery outages and closures. But heating oil prices aren't reflecting the tightened supply.
Stock futures strong as markets await final presidential debate

Stock futures have started the week off solidly anticipating news of another round of corporate earnings and the final presidential debate Monday night.
Oil prices fall as supplies rise

Oil prices hovered around $92 per barrel Wednesday after the government reported a bigger-than-expected increase in US crude supplies. Extra gasoline in storage projected lower demand, pushing oil prices down.
Stocks higher after retail sales improve

A strong gain in retail spending sent stocks upward Monday. A positive earnings report from Citigroup was responsible for a broad rise in bank stocks.
Energy Voices Oil prices' new dynamic: too much oil, too little demand?

Oil prices could fall over the next five years as supply grows and demand languishes, a new report forecasts. Expanding production from North America and shift in demand to Asia behind new dynamic for oil prices.
Energy Voices Oil markets limp into fourth quarter

A decrease in crude oil stocks reported by the US Energy Department could be a sign of a rough future for energy markets, according to OilPrice.com.
Markets buoyed by US manufacturing, but Spain is still a drag

Financial markets across the globe continued to ride the wave of good US economic news Tuesday morning, despite concerns in Greece and Spain. In the US, markets are poised for a strong opening, but analysts are waiting for key economic data to be released this week.
Oil prices fall as global demand weakens

Oil prices dropped 12 cents to $92.07 per barrel Monday amid expectations for weaker demand. The lag in oil prices showed pessimism over the prospects for both domestic and global demand given weak growth in China, the US, and Europe.
Oil prices fall as gloomy economic outlook persists

Oil prices fell below $91 per barrel Wednesday amid pessimism about the outlook for economic growth. Oil prices failed to get any lasting boost from high US consumer confidence.
Stocks waver as confidence falls in Europe

Stocks closed down modestly after opening low and recovering in the afternoon. Stocks had risen strongly in recent weeks as traders anticipated, then received, help from the Federal Reserve.
Asian stocks, boosted by stimulus, fall on economic outlook

Asian stock markets drift lower as concerns rise about global economic weakness. Stock market optimism over stimulus from Fed and other central banks seems to be fading.
FedEx's weak outlook leaves stocks mixed

Stock prices were mixed Tuesday after FedEx sharply reduced its fiscal-year profit forecast. FedEx's stock fell $2.73, or 3.1 percent, to close at $86.55.
Spain dithers: Stocks fall, borrowing costs rise

Stock markets fall as investors grow nervous about Spain's delay in asking for a bailout. Spain's bond yields rise, but bond auctions generate strong response.
Oil prices plunge after last week's bump

Oil prices bobbed above $97 per barrel and then retreated on Tuesday, a day after prices unexpectedly took a plunge. The drop in oil prices erased the gains made last week when the Federal Reserve unveiled new steps to boost the US economy.
Fed stimulus sends stocks soaring to 4-year high (+video)

US stocks rallied after news that the Federal Reserve will spend $40 billion a month to buy mortgage securities. Nearly four stocks rose for every one falling, and the Dow closed at its highest level since December 2007.
German backing of ESM bailout fund lifts oil futures

Oil futures rose nearer to $98 a barrel Wednesday after a German court ruling favored an ESM (European Stability Mechanism) bailout fund for deeply indebted eurozone countries. The ruling means that the ESM can come into force by the end of this year.
Energy Voices The real reason behind oil price rises

In an interview, energy economist James Hamilton reveals how demand for oil keeps outstripping production, even with new shale oil supply coming from the United States.