Sources say Exxon Mobil has put its Torrance, Calif. refinery on the block, due to the state's tough environmental standards.» Read More
U.S. oil giants Exxon Mobil and ConocoPhillips both left huge crude projects in Venezuela's Orinoco Belt after President Hugo Chavez nationalized them as part of his socialist revolution. Venezuela is the fourth biggest supplier of oil to the United States.
Stock futures are perking up this morning after three sessions of selling. Housing starts for May are reported today and there are a few earnings reports to make headlines.
Stocks ended lower as investors were rattled by concerns regarded leveraged mortgage securities held by two Bear Stearns hedge funds. "We will see a splash near term as some of these funds need to unwind positions in paper that really isn't traded too much," said Jack Ablin of Harris Private Bank.
John Kilduff, senior vice president and energy analyst at Man Financial, appeared on CNBC's special "Power Lunch at the Four Seasons" to give his outlook for oil and gasoline -- and to explain why easing tensions in Nigeria haven't made him bearish on either.
On Wall Street, the Berkshire Hathaway chief is a god. But does he still have his mojo after all these years?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.
With the 10-year Treasury yield above 5%, large-cap stocks may provide a haven, but not for long, said Miller Tabak Equity Strategist Peter Boockvar on "Morning Call.""Large-caps, relatively speaking, may be a place to hide, but if the market's going down, everything's going down," Boockvar said.
Oil prices slumped as much as 4% after the threat of further disruptions to Nigerian supplies receded and gasoline futures sold off as U.S. refineries returned to production.
Oil prices fell in light trade Monday, eased by the end of a Nigerian oil workers' strike over the weekend.
Cramer thinks this stock might be a good buy - just not now.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.
Prices for crude oil and gasoline rose on supply concerns ahead of the Memorial Day weekend, the kickoff to the summer driving season. Strikes and violence in Nigeria also propped up the oil market.
Gasoline prices climbed and crude prices fell after another round of outages at U.S. refineries stoked supply concerns ahead of Memorial Day weekend, the unofficial start of the summer driving season.
U.S. oil prices finished just below $66 Wednesday as U.S. warships put on a show of force off Iran's coast, coinciding with a United Nations agency report that said the Islamic republic had expanded its nuclear program.
BP shut down a quarter of its 400,000 barrels-per-day Prudhoe Bay oil field in Alaska after finding a leaky water pipe Monday, a company spokesman said.
U.S. oil fell below $65 as easing concerns that of a potential U.S. gasoline shortfall ahead of peak driving season in the world's top consumer.
U.S. oil surged more than a dollar to its highest settle in three weeks as unrest in Nigeria kept markets on edge for further supply disruptions from Africa's top exporter.
U.S. crude oil futures were slightly higher in choppy trading on Friday, attempting to extend Thursday's RBOB gasoline-led rise as refinery snags and sluggish inventory gains keep supply concerns in focus.
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.
Searching for nuggets of wisdom from the Oracle of Omaha.
The actors have been doing pretty well lately in Trading With The Stars, but the non-acting celebs are making a move--including Johnny Bench (so, his picture gets posted). Jonathan Tucker still holds first place on modest gains in Washington Grp and Starwood Hotels. Stephen Collins takes back 2nd place on gains in Emergency Medical Services up 10.13% Thursday. But poker champ Chris Moneymaker moves from 8th to 5th on a 2.73% gain in Gigamedia..
The first four celebs remain the same in Trading With The Stars--and all actors. Actor Jonathan Tucker maintains his vice grip on first place with gains in Starwood Hotels and Washington Grp. Actor James Cromwell holds onto second place, as fellow actors Stephen Collins remains in 3rd and Ernie Hudson in 4th. Meanwhile--another actor--Willie Garson muscles his way from 9th to 5th on an all-in trade on ACME Packet up 4.05% on Wednesday. Wow--either actors are great stock pickers are they're ALL getting great advice. That leaves a financial guru, comedienne, champion poker player, political guru and Hall of Famer--in that order.