HOUSTON/ RUNGE, Texas, July 14- Two years ago, Reg MacDonald's 20- day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. The latest rout in oil prices has been the last straw for many workers just getting back on their feet after the last downturn in 2008, said MacDonald, president of... » Read More
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.
"This company has never cut it's dividend." says Mad Money's Jim Cramer, discussing Enbridge's 3.17% yield, and growth prospects, with Patrick Daniel, Enbridge Inc CEO.
Don't be surprised if gold falls to $1,700, according to some traders. When it comes to what markets wanted to hear from the European Central Bank it was all about money printing.
WTI surged above $102 on news that the flow of crude oil will be reversed on the Seaway Pipeline. The result in Wednesday’s trading has been panic in the spread between WTI and Brent Crude with funds and other market players buying WTI and selling off Brent...fast.
Gasoline futures plunged 4 percent to below $2.50 a gallon this morning, a slide that could signal good news for drivers over the Thanksgiving weekend.