The oil price could be stuck firmly around $50 by 2020, a Goldman Sachs analyst told CNBC, raising new fears about companies who've already cut costs.» Read More
When the PPI increases by more than the CPI, it means producers are absorbing the higher costs of raw materials rather than passing them on to consumers.
The bullish stance by financial speculators is well documented, as readers well know, we have been bleating about this topic in The Schork Report for months now.
In regard to yesterday's (Thursday's) U.S. Senate Committee on Finance farce (aka the hearing on Oil and Tax Incentives and Rising Energy Prices), what can we say that we have not already said in the past about these political sideshows?
The market dropped by more than $11 a barrel last Thursday, and by almost $15 a barrel the following session. Then on Monday and Tuesday of this week the market rallied by $13.50 and near $12, respectively. This is insane. These numbers would have been inconceivable just a few years ago.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil and precious metals are likely headed tomorrow.
The flooding along the Mississippi River and the potential impact to downstream capacity at the mouth of the River was digested over the weekend. Nymex gasoline opened yesterday's pit session on the bid as a result. That is not hard to understand. The only question is...
Last week the intra-week peak-to-trough decline in the euro/dollar cross plunged by 4.2%, the 17th largest negative range since 2002. The overall week-on-week decline amounted to 3.32%. That was the largest decline since the first week of the year and the 9th largest since 2002.
We are left to wonder, unless Bin Laden is the guy who has been buying all of that crude oil of late, how is it that his death is purportedly bearish for the market?
Looking at the commodities markets and what's likely to happen with US energy demand, with CNBC's Kate Kelly; Tom Kloza, Oil Price Information Service; and Paco Underhill, Envirosell founder & CEO.
The Bureau of Economic Analysis released its latest consumer income and expenditure data for March. The month-on-month increase in expenditure of 0.6% outpaced the 0.5% increase in income for the second consecutive month and the seventh time in the last nine months.
Berkshire Hathaway chairman Warren Buffett and Jack Welch, former GE CEO, share their reaction to Osama Bin Laden's death and look back at how the events of September 11th moved them and the markets.
We could spend a month of Sundays hashing through the nuances of Bernanke’s expressed stance on the dollar from yesterday's unprecedented news conference.
Renowned oil and gas trader, Mark Fisher of MBF Asset Management, on why he believes the recent run up in oil is a necessary catalyst towards revamping U.S. energy policy.
The more the President attempts to explain his plan to address the U.S.' energy problem, the less sincere he sounds. As if he is going through the motion of feeling our pain at the pump, not to mention at the supermarket.
A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.
Exactly one year ago, on April 20th, 2010, shares in Transocean - already listed on the NYSE - started trading on the Swiss stock exchange.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, including the latest data from MasterCard on retail gasoline demand, and looks ahead to where oil and gold may be headed tomorrow.
Consumers will put the brakes on car travel when gas reaches an average $4 a gallon, Gulf Oil CEO Joe Petrowski told CNBC Monday.
Today’s session on the Nymex is pivotal for the oil market. After a massive two-day selloff at the start of the week, oil bulls, with tremendous help from a feeble U.S. dollar, have managed to regroup and claw back into the fray.
No one's sure whether to go forward or pull back in this soft patch. Either way, the trigger pullers are recalibrating their world view, says Cramer. And people are saying things have turned for the worse. Fortunately, Cramer has a different take.