Commodities

Gold Futures Hit Record High

twocents@thestreet.com (Alix Steel) — Tue, 03 Nov 2009 19:23 GMT

Gold for December delivery hit an all-time high of $1,087 an ounce on Tuesday.

Gold Rebounds on Dollar, CIT News

twocents@thestreet.com (Alix Steel) — Mon, 02 Nov 2009 18:46 GMT

Gold prices were rebounding as the precious metal looks to the U.S. dollar for direction.

Gold Weighed Down by Rising Dollar

twocents@thestreet.com (Alix Steel) — Fri, 30 Oct 2009 17:11 GMT

Gold futures were falling for the sixth time in seven sessions, as the U.S. dollar gained strength.

Gold Rises as Risk Appetite Returns

twocents@thestreet.com (Alix Steel) — Thu, 29 Oct 2009 19:07 GMT

Gold futures are climbing back from their three-week lows, as risk appetite increased and the U.S. dollar fell.

IEA Sees Oil Demand Driving Higher

twocents@thestreet.com (The Associated Press) — Fri, 09 Oct 2009 09:30 GMT

The Paris-based IEA, which advises oil-consuming countries, said crude demand would reach 86.1 million barrels a day in 2010, up 1.7% from this year.

Global Biofuels Growth to Double by 2015

twocents@thestreet.com (Clean Edge) — Thu, 08 Oct 2009 19:01 GMT

global use of biofuels is excepted to more than double from 2009 to 2015, according to a new global analysis released by Hart's Global Biofuels Center (GBC).

Boeing Looks to Mangroves for Jet Fuel

twocents@thestreet.com (Clean Edge) — Thu, 08 Oct 2009 16:37 GMT

Boeing teams with Honeywell's UOP to study the use of mangroves and other saltwater plants as a source of renewable jet fuel.

Crude Slumps Another Day: Oil Alert

twocents@thestreet.com (Sung Moss) — Thu, 24 Sep 2009 16:54 GMT

Oil futures are going lower, again, as high crude and product inventories have investors spooked

Crude Rebounds: Oil Alert

twocents@thestreet.com (Sung Moss) — Tue, 22 Sep 2009 12:45 GMT

Oil futures are moving above $70 again after sinking more than $2 on Monday.

Has the Oil Well Run Dry?

twocents@thestreet.com (Guest Contributor) — Mon, 22 Jun 2009 14:11 GMT

Crude's three-month rally may be threatened by lagging demand and oversupply.

IEA Sees '09 Oil Demand Slump Moderating

twocents@thestreet.com (The Associated Press) — Thu, 11 Jun 2009 08:17 GMT

The International Energy Agency on Thursday forecast that the slump in global oil demand in 2009 would be slightly less severe than previously expected.

Oil Rises Above $72 on Investor Optimism

twocents@thestreet.com (The Associated Press) — Thu, 11 Jun 2009 04:38 GMT

Oil prices climbed above $72 a barrel Thursday in Asia as investor optimism about a global economic recovery pushed crude to fresh highs for the year.

Gold Futures Drop as Investor Fear Wanes

twocents@thestreet.com (Alix Steel) — Thu, 30 Apr 2009 18:02 GMT

Gold futures were falling Thursday as investor optimism decreased demand for the precious metal.

Oil Drifts Lower After Topping $51 a Barrel

twocents@thestreet.com (The Associated Press) — Fri, 20 Mar 2009 11:38 GMT

Oil prices drifted lower Friday after surging above $51 a barrel, as traders reevaluated expectations for renewed crude demand.

IEA Lowers Forecast for Global Oil Demand

twocents@thestreet.com (The Associated Press) — Fri, 13 Mar 2009 09:39 GMT

The International Energy Agency on Friday lowered its estimate for global oil demand in 2009 as the economic crisis curbs demand in the United States, Russia and China.

Gold Prices Retreat as Investors Cash In

twocents@thestreet.com (The Associated Press) — Mon, 23 Feb 2009 21:19 GMT

The recent rise in gold prices gave traders a reason to take some profits, which appears to be what happened today.

Oil Slides Toward Multiyear Lows

twocents@thestreet.com (The Associated Press) — Thu, 12 Feb 2009 19:28 GMT

Economic weakness and booming inventories are combining to crush oil prices.

Oil Drops Below $40 on Dismal Jobs Report

twocents@thestreet.com (The Associated Press) — Fri, 06 Feb 2009 19:48 GMT

Concerns over demand were again pushing oil prices down in trading on Friday.

OPEC Indicates More Production Cuts May Be Coming

twocents@thestreet.com (The Associated Press) — Thu, 29 Jan 2009 14:11 GMT

The oil producers say that if prices don't rise soon, more cuts may be in order.

Berkshire Sells Nearly 2.7M Constellation Shares

twocents@thestreet.com (The Associated Press) — Fri, 23 Jan 2009 19:34 GMT

The shares are part of the 20 million Berkshire was issued when Constellation rejected their takeover bid.

Oil Prices Jump in Volatile Market

twocents@thestreet.com (The Associated Press) — Fri, 23 Jan 2009 19:14 GMT

The price of crude swung wildly Friday as a result of rising inventory numbers vs. a potential production cut.

Moody's Cuts New York Times Rating to 'Junk'

twocents@thestreet.com (The Associated Press) — Fri, 23 Jan 2009 18:32 GMT

Slumping ad sales and mounting debt caused the ratings agency to make the change.

Oil Prices Fall to Near $42/Barrel

twocents@thestreet.com (The Associated Press) — Fri, 23 Jan 2009 08:45 GMT

A jump in U.S. crude inventories underlined that slumping consumer demand is unlikely to recover anytime soon.

U.S. Crude, Gasoline Stockpiles Balloon

twocents@thestreet.com (The Associated Press) — Thu, 22 Jan 2009 16:51 GMT

Demand continues to weaken, raising crude inventories in the U.S.

VeraSun to Put Seven Plants up for Auction

twocents@thestreet.com (The Associated Press) — Fri, 16 Jan 2009 21:28 GMT

As part of its bankruptcy proceedings, the company is putting seven ethanol plants up for sale.

Sarkozy Suggests Fixing Price of Oil

twocents@thestreet.com (The Associated Press) — Fri, 16 Jan 2009 15:08 GMT

The French President believes it will be best for both producers and consumers to have set commodities prices.

Oil Languishes Near $35

twocents@thestreet.com (The Associated Press) — Fri, 16 Jan 2009 14:31 GMT

Continuing weakness in the U.S. economy and falling global demand are keeping prices in check.

IEA Sees Oil Demand Falling for Second Year

twocents@thestreet.com (The Associated Press) — Fri, 16 Jan 2009 09:30 GMT

The International Energy Agency is predicting that the worsening global economy will cause a decline in worldwide oil consumption for a second straight year in 2009.

Bears Take Crude Down As Prices Tumble

twocents@thestreet.com (The Associated Press) — Thu, 15 Jan 2009 20:29 GMT

Demand for oil has fallen so much over the last year that every major petroleum product saw a decline.

2008 U.S. Petroleum Demand Lowest in Five Years

twocents@thestreet.com (The Associated Press) — Thu, 15 Jan 2009 16:13 GMT

Record oil prices and the slowing economy bring oil consumption in the U.S. to a Five-Year low.