Top Forum Posts

Featured Articles

Oct 04, 2015

Forecast & Analysis

Forget Russian Brawn. Oil Follows America: Liam Denning

By Liam Denning October 2, 2015 So it turns out the humble American laborer is more powerful than the Russian air force. Who knew? With U.S... Full Story

US Crude Inventory Expected to Remain High -- Market Talk

U.S. crude oil stocks are expected to remain high even though domestic production should be down by 500,000 barrels a day by the end of 2015, to 8.9 million b/d. U.S. oil stocks are still 100 million barrels higher than the five-year average and currently stand at 457... Full Story

How Much Cheaper Did Stocks Get After the Third-Quarter Selloff?

By Paul Vigna The bottom has proven elusive, again. After an unexpectedly weak September jobs report, stocks are dropping hard, again, pushing the S&P 500 back under the 1900 level and raising the specter of another visit to the August lows... Full Story

How the Superwealthy Plan to Make Sure Their Kids Stay Superwealthy

By Peter Robison The first clue that this is no ordinary crowd of sulky teenagers comes when the instructor asks those who’ve invested in the market to raise their hands. Most hands go up. As a financial planner explains the benefits of investing, one boy interrupts... Full Story

Why America's Oil Output Refuses to Collapse

By Dan Murtaugh and David Wethe September 30, 2015 Somewhere amid the maze of wells that Murphy Oil Corp. has scattered across Texas’s sprawling Eagle Ford shale formation, Brett Pennington is carrying out a little experiment... Full Story

Oil at $30 Would Threaten a Lot of Stripper Wells

By David Wethe October 1, 2015 The speed at which oil producers shut down wells spitting out their final drops of unprofitable crude may hold the key to an eventual rebound if prices fall further... Full Story

Top News Stories

Producers Reduce U.S. Rigs Drilling for Oil to Five-Year Low

By David Wethe October 2, 2015 The U.S. oil industry reached a significant milestone this week on the path to recovery when a month’s worth of plummeting activity culminated in a five-year low for drilling rigs. Rigs targeting oil in the U.S... Full Story

Big Oil Set for Tax Help -- Market Talk

Big oil is due a big tax break, according to Morgan Stanley. Following several years of high spending, mounting depreciation, depletion and amortization charges are expected to erode tax payments, the bank says... Full Story

Russian Oil Output Reaches Post-Soviet Record in September

By Stephen Bierman October 2, 2015 Russian oil output rose to a post-Soviet record last month as producers took advantage of the weak ruble to push ahead with drilling. The nation’s production of crude and condensate climbed to 10... Full Story

Somali Government Rejects Proposed UN Moratorium on Oil Deals

By Ilya Gridneff October 2, 2015 Somalia opposes a moratorium on oil deals that’s being discussed at the United Nations as a way of stabilizing one of the world’s most fragile states, Finance Minister Mohamed Adan said... Full Story

Emerging-Market Exodus Gains Steam

By Ian Talley WASHINGTON--A rush of money out of emerging markets risks triggering a major correction in U.S. financial-asset prices, a global banking industry group warned Thursday, as it forecast that more than half a trillion dollars would exit developing economies this year... Full Story

Currencies Trading Needs Further Cleanup, Regulators Say

By Chiara Albanese Banks need to go further in their efforts to clean up currencies trading after a manipulation scandal, according to global regulators. The Basel-based Financial Stability Board, which coordinates global financial regulatory efforts, has been working to overhaul the $5... Full Story


Natural Gas Inches Up on Bargain Hunting, Profit Taking

Natural gas prices made a small rebound on Friday, as new three-year lows encouraged bargain seekers and bearish traders closing out short positions to buy. Prices for the front-month November contract gained 1.8 cents, or 0.7%, to $2... Full Story

Oil Surges as Rig Count Falls

By Timothy Puko Crude prices surged back to gains Friday after the number of working U.S. oil rigs fell to a five-year low. The move gives momentum back to traders who have bet that a historic collapse in oil prices is forcing the U.S. shale-oil boom to slow down. U.S... Full Story

Natural Gas Inches Up From Bargain Buyers

By Timothy Puko Natural gas prices are making a small rebound as new three-year lows have encouraged bargain seekers and successful bearish traders to buy. Natural gas futures for November delivery recently gained 1 cent, or 0.4%, to $2... Full Story

Oil Prices Fall After Jobs Report

By Timothy Puko And Georgi Kantchev Oil prices turned lower Friday after the release of disappointing U.S. employment data. Light, sweet crude for November delivery slipped 46 cents, or 1.1%, to $44.28 a barrel on the New York Mercantile Exchange... Full Story

Oil Erases Gains as Hurricane, Weak Manufacturing Take Toll

By Timothy Puko Oil prices spiked but ended lower as weaker U.S. manufacturing data and a less threatening hurricane deflated a rally. Light, sweet crude for November delivery settled down 35 cents, or 0.8%, at $44.74 a barrel on the New York Mercantile Exchange... Full Story

Natural Gas Breaks Three-Year Low on Heavy Surpluses

By Timothy Puko Natural gas plummeted to a new three-year low as heavy surpluses deepen a selloff. It is the latest leg down for a commodity that has struggled for years under the weight of a record-setting oil-and-gas boom... Full Story


Marathon Reports Upset at Galveston Bay Refinery

By Dan Molinski Marathon Petroleum Corp. reported an upset and emissions at its Galveston Bay refinery in Texas... Full Story

Ringgit Retreats as Malaysian Budget Woes Add to China Concern

By Y-Sing Liau October 2, 2015 The ringgit fell and stocks retreated as concern Malaysia may miss its target of balancing the budget by 2020 hurt a currency already reeling from a worsening slowdown in China and allegations of corruption against Prime Minister Najib Razak... Full Story

Lukoil Plans to Sign Oil Accord in Iran After Tax-Law Changes

By Stephen Bierman and Dina Khrennikova October 2, 2015 Lukoil PJSC, Russia’s second-largest oil producer, plans to sign a deal on exploration and production with Iran following changes in the Persian Gulf nation’s tax laws... Full Story

Chesapeake Wins Bank Reprieve at Higher Risk to Bondholders

Unsecured $4 billion revolver gets secured after amendment Change paves way for adding $2 billion in junior-lien debt Chesapeake Energy Corp. negotiated a reprieve from its banks that comes at the expense of its bondholders... Full Story

Investors Snap Up Concho Resources Shares Despite Oil Slump

By Ryan Dezember Concho Resources Inc. went back to the well Wednesday, and the West Texas oil producer seems to have found plenty of investors thirsty for its shares. Concho launched a stock offering Wednesday after the market's close, proposing a sale of up to 8... Full Story

Penn West Seen Selling Most-Prized Oil Assets as Debt Weighs

By Rebecca Penty October 1, 2015 Penn West Petroleum Ltd. is trying to avoid parting with its best assets as the oil market crash brings its debt into focus. The company appears to be running out of other options... Full Story


Commodity traders eye Hurricane Joaquin

Commodity traders are closely watching the progress of Hurricane Joaquin as it has strengthened over the past few days and is heading towards the north-east coast of America... Full Story

Current El Nino third-strongest; expected to last until spring

Washington (AFP) - The current El Nino phenomenon, a global weather pattern known to wreak havoc every few years, should last until spring and likely become one of the strongest on record, forecasters said Thursday... Full Story

Pacific Ocean Sea Temperatures See Highest Level Since 1950 -- Market Talk

[Dow Jones] A strong El Nino has seen sea surface temperatures in parts of the Pacific Ocean at their highest level since 1950, says Japan Meteorological Agency... Full Story

EIA report for week ending 9-24-2015 Our prediction for week ending 9-25-2015
3440 3539
Weekly change
+106up +99upest

Commodity Prices ($)

Natural Gas4.167
Crude Oil93.64
Heating Oil2.9017
RBOB Gas2.8118