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Something weird is happening in crude oil: It's not going down on bad news. Last night the American Petroleum Institute reported energy stockpiles rose by 629,000 barrels, versus an estimated drop of 3 million barrels. Numbers from the Energy Department were even...
News events keep pushing oil higher. Last month, Iranian sanctions were the story. Now traders are focusing on a disruption in Norway as oil workers go on strike. Libyan supplies are also being kept off the market as civil war halves the country's crude production....
The S&P 500 is bouncing at its 50-day moving average as the market drifts into the dog days of summer. Here's a breakdown of the best- and worst-performing industries so far this week. Winners: Energy is surging with life as crude oil (@CL) rallies to a new...
Oil is in the news today with crude futures at a potentially key level. The main item came this morning from the U.S. State Department, which took a hard line against Iran. Washington is reportedly demanding that companies stop shipping oil from the terrorist state by...
Get ready for a sleepy July and a turbulent August. The Larry Williams Cycle Forecast Indicator sees the Dow Jones Industrial Average inching higher next month. Volatility's expected to remain at current levels over that time, but then spike in the first half of...
Disclosure: This post is intended for educational purposes and should not be considered a trade recommendation. Energy may be stabilizing, even as OPEC prepares to increase supply. Crude oil futures (@CL) have remained in a range between about $64 and $66 all month,...
The Russians are coming, the Russians are coming... coming back to the energy market that is. Crude oil futures (@CL) fell almost 3 percent today, their biggest drop this month, as traders brace for OPEC's next meeting a week from now. The big worry is Russia wanting...
Something bullish may be brewing in silver. The TradeStation platform shows silver futures (@SI) up 3 percent in the last two months. Gold futures (@GC), on the other hand are down 3 percent. That's a odd because the two metals usually move in tandem. Perhaps even...
Just two days ago, a large bullish call roll appeared in copper giant Freeport McMoRan (FCX). The red metal's gone straight up since the options trade appeared. Copper futures (@HG) rose about 1.8 percent today, their fourth consecutive positive day. Press reports...
Airlines were the best subgroup in the market yesterday and railroads closed at a new record high.