*France says sanctions on Russia could come this week. LONDON, March 11- Brent oil futures rose above $108.50 a barrel on Tuesday, supported by building tensions in the Ukraine crisis as the West threatened sanctions against Russia as early as this week.» Read More
Arthur Gelber, president of Gelber & Associates, told CNBC’s “Morning Call” that oil could drop to about $60 per barrel by Labor Day. “Historically, with a build of this type, we think prices can easily bounce off $70, head down toward the mid-60s,” Gelber told CNBC's Liz Claman.
Stock futures are laying a firm foundation for a higher opening today, as some big earnings dominate the morning headlines. Morgan Stanley stock is climbing after the firm reported a 41% increase in profit.
Stocks closed mostly higher, helped by lower bond yields and General Electric, which boosted the Dow. "This market bends a little bit but it doesn't break," Al Goldman, chief market strategist at A.G. Edwards., told CNBC.com. "The buyers are a little bit tired but the sellers are not very aggressive."
Talk about a perfect time to market a fuel efficient sub-compact car. Gas prices are well over $3.00 a gallon. Sub-compact cars are hot. And if there's a new model the public has yet to see on the street, publicity will be huge. It's the perfect culmination of events that are helping to generate greater interest and "reservations" with car buyers around the country. The new Smart fortwo (not a typo) sub-compact doesn't go on sale until early next year. But the buzz about this tiny car that's expected to get over 40 miles on a gallon, is big and getting bigger.
Former U.S. Sen. John Breaux, D-La., now co-chairman of the Energy Initiative, a coalition of 30 energy producing and consuming organizations, told CNBC’s “Street Signs” that a mix of traditional and renewable energy supplies will be needed to meet the nation’s future needs.
U.S. oil rose above $69 on Tuesday due to a planned strike in Nigeria that could further hobble output in the world's eighth-biggest crude oil exporter. The planned protest over fuel price increases is due to start on Wednesday and comes after more violence flared in the oil-producing Niger Delta at the weekend.
The recent increase in gasoline prices may be partly due to a potential strike in Nigeria, but Iran remains a factor, said Addison Armstrong of TFS Energy on "Power Lunch.""Nigeria certainly is front and center, but Iran is never far from oil traders' minds," Armstrong said. Since 40% of the world's oil flows through the waters near Iran, the country remains key to world oil prices.
While everyone's talking about the shakeup at Yahoo, Google continues to take over the world. Google's video site YouTube is launching its first foreign-language Web sites. Already, over half of the site's audience comes from outside the U.S., but by translating its site into seven other languages is intended to fend off competition. Eventually YouTube will tweak the translated sites to the specific countries-- Brazil, France, Ireland, Italy, Japan, the Netherlands, Poland, Spain and the UK, featuring local content and being sensitive to cultural issues.
Stocks closed slightly lower as investors focused on rising oil prices and fluctuating interest rates. "Prices for crude oil are not really moving up as much as they are being pulled up by gasoline," said Stephen Schork, editor of The Schork Report. "Specifically, there's the persistent fear in the market that there is not going to enough gasoline to get us through the season."
The U.S. Senate will likely clash once again in a floor debate this on the latest energy bill – in between whacks of the immigration apple. Much of the energy bill is a cruel joke on the American consumer and tax payer. The provision to boost corn-based ethanol is particularly egregious. “CornThanol” does little to reduce oil imports because producing it is highly energy inefficient while it likewise does little to cut carbon dioxides emissions and global warming. The bid to promote cellulosic ethanol from prairie grass is a pipeline lacking a viable technology.
U.S. Stocks closed broadly higher, posting the best weekly gain in nearly two months, following tame inflation news. "The market has so much upward momentum right now," said Darin Richards, chief investment officer at AKT Wealth Advisors. "I don't think I see anything right now that would really derail this market substantially."
U.S. oil prices touched a nine-month high Friday sparked by worries of low U.S. fuel supplies from creaking refineries and an upsurge of violence in the Middle East.
Cramer usually doesn’t recommend calls on Street Signs, but he thinks he's got a play that could earn you 25% in two days.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.
Just like Don Corleone on the day of his daughter’s wedding, Cramer can’t refuse the wishes of his loyal patrons during the week of his 500th show. So the Home Gamers who have been screaming for Chinese stocks will finally get their way.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.
Al Goldman, chief market strategist for A.G. Edwards, told CNBC’s “Closing Bell” that the market’s performance has been “very impressive” despite downbeat economic news.
Inflation data will set the agenda today as traders await the release of the CPI. Stock markets around the world are higher.
Stocks closed higher, with the Dow staging its biggest two-day gain since August 2006, as interest rates stabilized. "It's a little bit of a bounce because we got really oversold last week," said Tom Schrader, managing director of US listed trading at Stifel Nicolaus. "People are doing a little bargain hunting."
U.S. oil prices soared toward $68 a barrel on concerns over low fuel production from hobbled U.S. oil refineries and a flare up of violence in the Middle East.
Despite the recent rise in U.S. gasoline imports, motor fuel inventories will likely stay tight for the rest of the summer and pump prices will remain high, the government's top energy forecaster told Congress today.