Commodities

IMF's Lagarde: Oil Slump Can't Save Global Economy

Christine Lagarde says the drop in oil prices won’t be enough to save the global economy, but the International Energy Agency says it will be enough to slow down the U.S. shale revolution. After the biggest rout in oil since the 1980’s, is there hope that perhaps we have found a short-term bottom?

Will the Swiss Miss-ile Push ECB to Act?

The move by the Swiss National bank is going to raise the pressure on the ECB to do something dramatic -- as far as quantitative easing to keep up with the Swiss.

Oil Falls Below $45 as OPEC Digs in Heels

The UAE’s oil minister said ‘the country’s oil output and strategy will not change’... You know, kind of like making the U.S. shale producer an offer that they can’t refuse.

U.S. Energy Boom Is Under Attack!

It seems some in the OPEC cartel have taken exception to the fact that the U.S. was on its way to energy independence.

Oil Crash Watch: When Do the Good Times Roll?

If the crash in oil prices is supposed to be such a boom for the economy, today we are not feeling it. Instead of joy and celebration we are getting fear and risk protection. Even data showing a jump in auto sales, supposedly inspired by low gasoline prices, was not enough to boost auto stocks on Monday.

Oil Climbs as Supplies Outweigh Political Tensions

Brent oil prices reversed early losses to climb more than $1 a barrel on Friday, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market.

U.S. Crude Edged Lower In Range Bound Trade

U.S. crude futures fell modestly in range-bound trade on Friday as the market balanced support from a drawdown in domestic crude stockpiles against technical sell points that have kept oil from rallying, while Brent was lower as traders awaited developments in the Ukraine crisis.

Crude Oil Hits 2015 High on Supply Data

Oil prices hit their highest for this year on Wednesday after the first crude stock draw in five months at the U.S. Cushing, Oklahoma hub suggested an oil glut may be starting to ease.

Marathon Petroleum's MLP to Buy MarkWest Energy

Marathon Petroleum Corp's master limited partnership (MLP), MPLX LP, will acquire MarkWest Energy Partners LP for about $15.63 billion to add natural gas processing facilities to its portfolio.

Saudi Arabia Squeezed by Oil Swoon

Saudi Arabia is getting squeezed by oil’s year-long slump, and projections call for the crude-rich country's budget deficit to widen in 2015.

Gold Falls After Biggest Monthly Loss in Two Years

Gold edged lower on Monday, after falling by the most in two years in July, as the dollar steadied ahead of U.S. economic indicators that could bolster expectations for a hike in U.S. interest rates soon.

Oil Prices Slip as China's 3Q GDP Growth Falls

U.S. crude prices fell more than 1% on Monday as China's economic growth eased in the third quarter to grow at the slowest pace since the start of the global financial crisis.