CRUDE OIL

Stocks, Industrial Commodities Soar: Daily Markets Wrap

Good corporate earnings, falling Spanish interest rates and an upward revision in the International Monetary Fund's outlook for the U.S. economy on Tuesday offset a weak housing report to lift equities and industrial commodities.

Spain's Yields Rise Above Critical 6% Level

Spain's debt yields rose above 6 percent on Monday as investors worried about its budget deficit, knocking the euro and sending safe-haven German bonds to a record last set at the height of the euro zone crisis.

Kinder Morgan Energy Partners' $5B Pipeline Expansion

Kinder Morgan Energy Partners announced Thursday it will expand its existing Trans Mountain pipeline system, spending $5 billion to double its capacity as Canadian companies try to expand oil shipments to overseas markets.

Investors Pump Money Into Stocks Hoping For A 'Goldilocks' Moment: Daily Markets Wrap

Risky assets rose on moderate volume and moderately bad news Thursday, as investors seemed to be placing a paradoxical bet that a slowdown in economic growth would jolt the U.S. central bank into action -- inflating the prices of stocks, commodities and other assets -- while at the same time assuming the slowdown would not be so harsh as to throw the current recovery completely off track.

Stocks Recoup Losses: Daily Markets Wrap

Stocks popped Wednesday on both sides of the Atlantic, one day after their worst loss of the year, on easing euro zone worries and hopes for a better-than-expected earnings season.

Iran Can Withstand 2-3 Year Oil Blockade: Ahmadinejad

Iran has enough funds to withstand a total embargo on its oil sales for two to three years, Iranian media quoted President Mahmoud Ahmadinejad as saying days before the resumption of talks with world powers on Tehran's nuclear program.

Despite Oil Glut, ONEOK Plans Pipeline To U.S. Oil Hub

Oone of the largest natural gas distributors in the U.S. announced it is planning to invest up to $1.8 billion in the construction of a pipeline connecting the Bakken oil fields in North Dakota with the nation's oil hub in Oklahoma. But the new pipeline won't solve the problem of getting to refineries all the oil being produced in the U.S.

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U.S. Gas Prices

US Gasoline Prices Hit $3.97 A Gallon, At Or Near Peak

“Price hikes at the pump have been losing steam for weeks. ... Crude oil prices have slipped and if they don’t rebound in the very near future, gasoline prices will peak very soon, if they haven’t already,” said Trilby Lundberg, president of Lundberg Survey Inc.
Underground mining machine

Gold Prices Rise On Short-Covering

Gold rose on Thursday, as investors covered short positions after a sharp two-day pullback, and a crude oil rally also buoyed the precious metal that sank early this week on disappointment about further U.S. monetary easing.

Stagnant Wages To Hit US Economic Recovery: HSBC

The U.S. economy is expected to expand at a disappointing pace in 2012, similar to the tepid 1.7 percent growth rate achieved in 2011, despite recent job gains, according to economists at HSBC, who said wages have failed to keep up.
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