The "Fast Money" traders share their final trades of the day.» Read More
Nov 15- One person died in an overnight fire at a processing unit of Chevron Corp's 330,000 barrel-per-day refinery in Pascagoula, Mississippi, an official said on Friday. March 2- A fire on an asphalt tank under construction killed two workers at HollyFrontier Corp's 105,000 bpd Navajo refinery in Artesia, New Mexico.
*Tesoro leads energy stocks after EPA change. The Senate is expected to vote over the weekend on extending the federal borrowing limit through January 2015. "People don't want to be short going into a weekend, especially if a deal does get done," said Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas.
The "Fast Money" traders share their final trades of the day.
NEW YORK, Oct 11- With two words, the U.S. environment regulator may be handing oil refiners the biggest win of a long battle to beat back the seemingly inexorable rise of ethanol fuel.
LONDON, Oct 3- Barclays is finding new ways to boost its commodities business, offering trading services as part of a mix of capital solutions and merger advice in an approach showing banks can succeed in keeping trading desks despite tighter regulations.
WASHINGTON, Aug 20- Three months ago, the Obama administration made a little-noticed but potentially pivotal move in the stepped-up fight against climate change: it boosted the U.S. government's official estimate of the future economic damage caused by carbon pollution.
NEW YORK, Aug 20- After a major $500 million deal late last year, Texas- based oil-by-rail pioneer Dan Borgen might be forgiven for packing it in. The sale of five crude oil terminals to Plains All American Pipeline was a landmark for U.S. Development Group, the Pasadena, Texas- company Borgen helped found two decades ago, initially to invest in the rail industry.
The important part was this genuine acknowledgement here that the RFS2 mandate system really has a significant problem and that problem will become really exacerbated in 2014, " Philip Rinaldi, CEO of Philadelphia Energy Solutions, the largest refiner on the populous U.S. East Coast, said in an interview.
WASHINGTON, Aug 6- The Obama administration said on Tuesday it would lower the target for how much renewable fuel, such as corn-based ethanol, would needed to be blended into gasoline in the United States in 2014, a move that could give oil refiners some relief on compliance costs.
The economy may have added as many as 200,000 jobs in July amid the backdrop of a pickup in manufacturing activity and fewer layoffs.
Traders are looking past ISM manufacturing data and weekly jobless claims, to the July nonfarm payrolls because it will be key in the Fed's decision making process.
July 30- BP Plc said on Tuesday it did "quite well" during a recent spike in the price of U.S. ethanol credits that is costing some U.S. refiners hundreds of millions of dollars.
COLUMBIA, Md./ NEW YORK, June 16- A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace& Co and its surging sales to the energy sector.
A day of reckoning awaits the stock market rally, but not just yet, StockMonster's Guy Adami says.
Take a look at some of Thursday's midday movers:
Some of the names on the move ahead of the open.
Stocks exit April on a new high, and with the promise of continuing easy money policies, investors could be tempted to rethink the "sell in May and go away" strategy of recent years.
A surprise drop in gasoline supplies sent oil and gasoline futures higher, but pump prices are likely to head lower.
Take a look at some of Tuesday's midday movers:
Stocks finished sharply lower Wednesday, with the S&P 500 and Nasdaq falling 1 percent each, amid building worries over North Korea and after San Francisco Federal Reserve Bank President John Williams said the central bank could begin to taper purchases this summer if the economy continues to improve.