NEW YORK— European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment maker Dresser-Rand. Siemens AG has agreed to pay $83 per common share of Dresser-Rand, which has a market capitalization of $6.12 billion. Dresser-Rand Group Inc., based in Houston and Paris, has annual revenue of around $3 billion and employs about 8,100...» Read More
Weaker manufacturing data from China and the euro zone weighed on oil prices Thursday. The May 12 West Texas Intermediate futures contract dropped below key support of $104.88, which is the 50 percent retracement of the February rally that took the contract from $98.38 to $110.95.
It is the hot topic from the gas pump to Washington to the trading pits at the New York Mercantile Exchange: Will rising tensions with Iran push energy prices back above 2008 record levels this spring? Fund managers are apparently betting that they will.
Traders are bidding up natural gas prices after an executive from Chesapeake Energy spacer reiterated that low prices may force the company to significantly cut gas production.
Despite pronouncements by Saudi royalty and oil officials that that country will not let the price of oil go above $100 a barrel, Brent crude prices now appear poised to breach $120 a barrel.
Fed Chairman Ben Bernanke hasn't said anything to change the trend that's been in place for precious metals since start of new year, so the buying continues.
John Netto is putting his own wager on the Big Game, and taking wagers too through his sports-odds making company called Quantitative Sports Strategies run out of Las Vegas, Nevada.
Neglia runs Volpe Realty, specializing in commercial and residential sales, rentals and land purchases. He and his wife bought the business in 2007, months before the financial crisis. Neglia says, though, "it was a calculated risk."
Professional traders, unabashed risk-takers, are always looking for the next hot opportunity not only to trade, but to own. Many are entrepreneurs in other businesses outside of investing and financial services — they're in varied fields from sports betting to mobile apps to commercial real estate.
Oil prices rallied on renewed optimism over debt problems in the European Union and concerns over energy security in the Middle East after an explosion of a crude oil pipeline in Syria.
Gold priced in euros broke above of key trend line Monday morning, as safe-haven buying and upward technical momentum continue to help the precious metal rally.
Concerns about shrinking refining industry capacity put a fire under gasoline futures Friday, after news reports that a major east coast refinery shut down for repairs.
Gold prices surged $50 to settle above $1700 an ounce in the final hour of the open outcry session at the NYMEX, after the Federal Reserve said it will not raise rates until late 2014.
Natural gas futures surged 8 percent after Conoco Phillips spacer said Wednesday its shutting down 100 million cubic feet per day of production in 2012 due to lower prices.
Check out how commodities are trading in Tuesday's trade:
Oil has fallen below $99 a barrel on reports that "major powers" are expected to issue a statement Friday on the possibility of resuming nuclear talks with Iran.
Gasoline futures are rallying on yet another refinery closure.
Russell Girling, TransCanada Corporation president & CEO, discusses the $7B Keystone pipeline project and the possible 20K jobs it would create.
Here are the commodities on the move Tuesday morning.
What's moving in commodities in Monday’s trade:
Traders say Iran is the new Libya. Just as civil war in Libya caused crude oil prices to spike to near $115 a barrel in 2011, escalating tensions between the Iran and the West could cause oil prices to reach those levels again early this year.