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By Carlos Rivera for GEonomic Investing West Texas Intermediate and Brent Crude started February off on a strong note, crossing into the month near four-month highs; but both shed all of their 2013 gains to close at their lowest price point of the year. Front-month Brent crude oil dropped 5.5%, while WTI shed about $7 [...]
(June 6 2012) GEONomic Investing. A triple-digit advance by the Dow Jones Industrial Average ignited generous gains in the energy sector on Wednesday, U.S. stocks posted their best day of 2012 as traders speculated central banks may soon provide additional stimulus to keep the global economy from sliding into recession. Energy stocks led all 10 [...]
April 17 2012- Exclusive to GeoNomic Investing: U.S. crude oil futures ended 1.2% higher today, at $104.20 a barrel, and light, sweet crude for May delivery on the New York Mercantile Exchange settled up $1.27 a barrel, at $104.20 a barrel, the highest price since April 2. ICE North Sea Brent settled 10 cents higher, [...]
Oil prices rallied to a nine-month high this February overgrowing tensions relating to Iran’s nuclear program. Various European countries, and the United States, banned oil imports from the country in protest to the country’s nuclear agenda, causing a rapid spike in futures over the sentiment that Iranian oil bans would result in a supply short-fall. [...]
The energy market had a mixed month, this January. Growing Tensions in Iran played some influence on the uranium and oil markets; however, economic uncertainty was the major news maker. Investors paid particular attention to Europe, and the ongoing debt saga; while keeping a close eye on economic data in both the United States and [...]