SINGAPORE, Dec 12- U.S. crude futures eased on Thursday after losing more than a dollar in the previous session, as investors saw a steep decline in U.S. oil stocks as a move by refiners to avoid taxes rather than a sign of strong demand. *U.S. crude for January delivery was off 10 cents at $97.34 a barrel by 0049 GMT after dropping $1.07 on Wednesday.» Read More
Stocks ended higher and the Dow closed at a new record after the Federal Reserve voted to keep interest rates unchanged. "You're seeing a lot of money that was put on the sidelines earlier in the day … that money was safe to come into the market," said Jeff Kleintop, chief market strategist at LPL Financial Services.
Oil prices fell on a U.S. inventories report showing an unexpectedly large increase in crude stocks and the first rebound for gasoline inventories in three months.
We had one other celebrity appear today on CNBC. Actor Stephen Collins was on "Morning Call" to talk about his adventures in Trading With The Stars. Stephen is currently in 2nd place. He says he's got a couple of "hail mary" plays up his sleeve. He better hurry--as we've said, Trading With The Stars ends this Friday.
Here's our daily contest "stock report." Earnings again helped and hurt performance. The most active and widely held pretty much the same--except for ENTG and BQI which both fell out of the most active. And gas and oil company BQI also fell from the most widely held. Here you go. Best performing trades by % gain from Monday's close to Tuesday's close:
There are increasing worries that Nigerian oil production could fall even further at the end of the month if militants succeed with threatened attacks, planned to coincide with the handover of power from President Matthew Olusegun Aremu Obasanjo to his successor on May 29, sources and traders in the energy industry said Wednesday.
Stocks are searching for direction at lower levels ahead of the Fed's meeting today. The Fed is not expected to move on rates but its comment will be watched carefully.
CITIC Resources Holdings said it would buy oil assets in Kazakhstan from its state-owned parent for $1 billion, making it China's fourth-largest energy firm.
When the 34th richest man in the U.S. buys more shares of his own company - even at its peak - you might want to get on board, too.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Crude oil and gasoline prices climbed Tuesday after the U.S. government, citing ongoing problems at the nation's refineries, said U.S. drivers will likely be paying more to fill their tanks this summer than previously forecast.
A Senate panel met Tuesday as lawmakers weigh whether the U.S. government should raise fuel efficiency standards. Automakers argue it would be too expensive. Sam Kazman, general counsel with the Competitive Enterprise Institute, and Philip Clapp, president of the National Environmental Trust, debated the issue on “Morning Call.”
Stocks recovered from earlier losses to close near the unchanged mark as investors took positions ahead of tomorrow's Fed meeting. "Investors are basically still cautious despite this big run and although we're very overbought, I think the fact that we could get this overbought is bullish in itself," said Bruce Bittles, chief investment strategist at Robert W. Baird.
Here's our update of facts and figures for today. We'll start with the trivia questions. The video is worth $2,000 Bonus Bucks: Thomson reported today that it was in talks with Reuters over a potential merger. How much would the deal be worth? Your selection of answers is: Answer: $17.6 billion. Your selection of answers is: $17.6 Billion or $22.4 Billion or $20.3 Billion or $32 billion.
It's certainly coming down to the wire in Trading With The Stars. As we said, this is the last week for this part of the Million Dollar Portfolio Challenge. And Jonathan Tucker stays on top with a total portfolio value of $1,204,305.00 which is up $5,905.00 from Friday's total. Stephen Collins continues in the #2 spot with a total portfolio value of $1,166,355.20. That's up $6,348.18 from Friday's total and Stephen continues to close the gap with Jonathan Tucker.
There was a time when it took guts for a politician to go in to Detroit and tell the heart of America's shrinking auto business that it needs to change its act. Not anymore. As Barrack Obama found out Monday, when speaking at the Detroit Economic Club.
McDermott International said its first-quarter profit rose sharply, exceeding Wall Street expectations, helped by gains in its offshore oil and gas construction unit.
Today's contest "stock report" shows a couple of the most actives turned out to be a couple of the worst performers--as FMT and ENTG showed negative results for traders. Meanwhile, earnings and M&A "talks" boosted the best performers into some very good gains. And back to the most actives--here are some new names make the list: ABY, GSS and KGC.
igerian rebel group the Movement for the Emancipation of the Niger Delta (MEND) said on Tuesday its fighters had destroyed three major oil pipelines in the delta, where attacks have intensified in the past week.
The Dow ended at another new high after Alcoa announced a takeover bid for rival Alcan, but the overall indexes closed mixed as Wall Street awaits Wednesday's Fed meeting. "The liquidity and M&A is continuing to drive the market," said Robert Pavlik, chief investment officer at Oaktree Asset Management.
Here's our re-cap of the day, with the leaderboard, most active and widely held stocks and the trivia questions. Don't forget, we have added the Second Chance Showdown as a bonus round for contestants--that don't make the finals. And Donald Tang has been declared the week 9 winner. Here are the trivia questions. The video is worth $2,000 Bonus Bucks: The Royal Bank of Scotland put in a bid to buy ABN Amro's LaSalle Bank. How much is the bid? Your selection of answers is: 18.5 Billion or $32.8 Billion or $24.5 Billion or $15.3 billion.
U.S. crude oil futures fell on Monday, but only after bouncing off early lows on news of aGulf Coast refinery snag and upcoming work.