Commodities Market

  • Train hauling crude from ND oil patch derails, catches fire Associated Press - 1 hour 14 minutes ago
    Train hauling crude from ND oil patch derails, catches fire

    A train that derailed and caught fire early Wednesday in rural North Dakota was hauling crude from the state's oil patch, raising questions about whether new state standards intended to reduce the volatility ...

  • Official: 'Significant' brine spill enters North Dakota lake Associated Press - 2 hours 15 minutes ago

    A 63,000-gallon saltwater spill that leaked from an underground pipeline entered a lake via a tributary in northwest North Dakota, a state Department of Health official said Wednesday. He said the spill ...

  • Bonds weaker after Yellen comments AAP - 2 hours 33 minutes ago

    Australian bond prices are lower, tracking moves in global bond markets following comments overnight from US Federal Reserve chair Janet Yellen. St George senior economist Janu Chan said prices for Australian ...

  • Commodities markets summary AAP - 3 hours ago

    Oil prices sank along with the euro after the European Central Bank forecast that the eurozone would continue to contract next year and only return to growth in 2014.

  • Toscana Energy Announces First Quarter 2015 Results GlobeNewswire - 3 hours ago

    CALGARY, Alberta -- Toscana Energy Income Corporation ("TEI" or the "Corporation") announces financial and operating results for the first quarter ended March 31, 2015.

  • Bullish AUD/USD Outlook Mired by Higher Australia Unemployment DailyFX - 4 hours ago

    Bullish AUD/USD Outlook Mired by Higher Australia Unemployment

  • Australian market set to open lower AAP - 4 hours ago

    The Australian market looks set to open lower after US stocks lost ground overnight. At 0651 AEST on Thursday, the June share price index futures contract was down 24 points at 5,631. Wall Street fell ...

  • Research and Markets: Aluminum Industry in China 2015 Business Wire - 6 hours ago

    DUBLIN--(BUSINESSWIRE)-- Research and Markets ( http://www.researchandmarkets.com/research/rz9r9g/aluminum_industry ) has announced the addition of the "Aluminum Industry in China 2015" report ...

  • US stocks slipping after weak economic data; oil prices rise Associated Press - 9 hours ago
    US stocks slipping after weak economic data; oil prices rise

    U.S. stocks are drifting lower in midday trading following some weak reports on the U.S. economy. Oil prices continued to rise Wednesday, helping drillers and other energy companies move higher. News Corp., ...

  • Qatar seeks bids for chance to operate its biggest oil field Associated Press - 9 hours ago

    Qatar's state-owned oil company says it is soliciting bids from international energy companies for the chance to operate the small Gulf nation's largest oil field. Qatar Petroleum said Wednesday it is ...

  • New OIC Report Highlights Potential for Listed Options Among Structured Retail Products Users GlobeNewswire - 10 hours ago

    CHICAGO, Ill -- via PRWEB - The Options Industry Council (OIC) today shared the results of the study, "Analysis on Structured Products and Listed Equity Options in Europe: An Industry Overview and ...

  • Grain higher, livestock mixed Associated Press - 10 hours ago

    Grain futures were higher Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $4.6650 a bushel; July corn was 4 cents higher at $3.6675 a bushel; July oats ...

  • BHP shares lower after demerger approved AFP - 10 hours ago
    BHP shares lower after demerger approved

    Shares in the world's biggest miner BHP Billiton drifted lower on Thursday after stockholders approved its proposed spin-off of non-core assets into another company, South32. In meetings late Wednesday in Perth and London, 98.05 percent of shareholders in the dual-listed company backed a plan for BHP to focus on its most profitable core long-life operations -- iron ore, copper, petroleum, coal and potash. "The demerger of South32 simplifies BHP Billiton's portfolio while retaining the benefits of scale and diversification," said chairman Jac Nasser. "We believe that the demerger will create two successful companies in BHP Billiton and South32.

  • Research and Markets: Ethanol Market in Vietnam: Business Report 2015 Business Wire - 11 hours ago

    DUBLIN--(BUSINESSWIRE)-- Research and Markets ( http://www.researchandmarkets.com/research/pqfkwd/ethanol_market_in ) has announced the addition of the "Ethanol Market in Vietnam: Business Report ...

  • Weak US jobs data keeps stock markets in check Associated Press - 12 hours ago
    Weak US jobs data keeps stock markets in check

    Weak U.S. economic reports kept stocks in check on Wednesday, though European markets continued to trade higher and Wall Street was expected to rise on the open. Asian markets closed lower earlier. ___ ...

  • Denbury Reports First Quarter 2015 Results GlobeNewswire - 14 hours ago

    PLANO, Texas, May 6, 2015-- Denbury Resources Inc. today announced adjusted net income of $23 million for the first quarter of 2015, or $0.07 per diluted share. On a GAAP basis, the Company recorded a ...

  • Royale Acquires Rights to Drill and Develop in the 2,299 Acre Producing Ballinger Oil Field GlobeNewswire - 14 hours ago

    SAN DIEGO -- Royale Energy, Inc. today announced that it has reached an agreement to drill up to 30 wells in the Ballinger Oil Field in Runnels County, TX with three initial wells to be drilled immediately ...

  • Goodrich Petroleum reports 1Q loss Associated Press - 15 hours ago

    On a per-share basis, the Houston-based company said it had a loss of 58 cents. Losses, adjusted for non-recurring costs, came to 38 cents per share. The results topped Wall Street expectations. The average ...

  • Europe stocks gain as Wall St. set for rebound, Asia down Associated Press - 15 hours ago
    Europe stocks gain as Wall St. set for rebound, Asia down

    European stock markets got off to a solid start Wednesday as U.S. futures pointed to a rebound on Wall Street. Asian markets closed lower, dented by weak earnings in Australia, a jump in oil prices and ...

  • Carrizo Oil & Gas, Inc. Announces First Quarter Results and Raises 2015 Crude Oil Production Growth Target … GlobeNewswire - 15 hours ago

    HOUSTON -- Carrizo Oil & Gas, Inc. today announced the Company's financial results for the first quarter of 2015 and provided an operational update, which included the following highlights:

  • Transportation Sector Consultants, Inc. Adds Industry Veterans to Advisory Board GlobeNewswire - 15 hours ago

    DANIEL ISLAND, S.C. -- via PRWEB - Transportation Sector Consultants, Inc. (TSC), a leading provider of innovative consulting and management solutions to school districts, has added two school transportation ...

  • ARA and Blue Sun Performing on Navy Certification Contract for 100% Drop-in Fuels GlobeNewswire - 15 hours ago

    PANAMA CITY, Fla. -- Applied Research Associates, Inc. (ARA) and Blue Sun Advanced Fuels are performing on a Defense Logistics Agency Energy (DLA Energy) contract that was awarded for production of 100% ...

  • Nuclear deal can make Iran region's 'No.1' energy power AFP - 17 hours ago
    Nuclear deal can make Iran region's 'No.1' energy power

    A nuclear agreement will allow Iran to become the number one energy player in the Middle East and herald major opportunities for foreign companies, top government officials in Tehran said Wednesday. The remarks, at an industry event, underlined the broader political and economic implications should sanctions on Iran be lifted under a deal, following long-running diplomatic efforts with six world powers. Iran has the world's fourth largest proven oil reserves and the second biggest gas deposits. Oil Minister Bijan Zanganeh, who as nuclear talks have progressed in recent months has signalled willingness to see global oil giants return, said cooperation was essential.

  • Aust $ rises on retail spending AAP - 17 hours ago

    The Australian dollar has rallied strongly on signs retail spending is improving. Retail spending grew modestly by 0.3 per cent in March, the Australian Bureau of Statistics figures show. The data backed the Reserve Bank's upbeat outlook on the economy that triggered Tuesday's cash rate cut, ANZ senior FX strategist Dan Been said. "The retail sales print in Australia details were slightly stronger and backed up the Reserve Bank's comments yesterday that domestic demand was starting to stabilise for the household sector," he said.

  • New home sales hit 5-year high AAP - 18 hours ago
    New home sales hit 5-year high

    The number of new home sales rose to a five-year high in March, with record low interest rates helping to fuel the housing boom. New homes sales rose 4.4 per cent in March, seasonally adjusted, the Housing Industry Association says. The result come the day after the Reserve Bank cut the cash rate for the second time this year, reducing it to a new record low of two per cent.

  • Asia stocks down as earnings disappoint, Greece date looms Associated Press - 18 hours ago
    Asia stocks down as earnings disappoint, Greece date looms

    Asian stock markets were in the red on Wednesday, dented by weak earnings in Australia and doubts about Greece's ability to repay debts due to the IMF this month. Chinese markets turned lower after a brief ...

  • Oil hits new 2015 highs on tumbling US inventories AFP - 18 hours ago
    Oil hits new 2015 highs on tumbling US inventories

    US benchmark West Texas Intermediate for delivery in June rallied to a five-month pinnacle at $62.58 per barrel. Brent North Sea crude for June jumped to a similar high at $69.63, before pulling back in late afternoon trade to $68.14, up 62 cents. American crude reserves tumbled by 3.9 million barrels in the week to May 1, the US government's Department of Energy announced in a report. "An unexpected fall in US oil inventories saw WTI extend the gains," said IG analyst Joshua Mahony.

  • Share market fall steepest in two years AAP - 18 hours ago
    Share market fall steepest in two years

    The Australian share market has suffered its biggest one-day fall in two years after Commonwealth Bank and Woolworths results spooked investors. The S&P/ASX200 index plummeted by 2.3 per cent on Wednesday, ...

  • Bonds down after 'violent' sell-off AAP - 18 hours ago

    Australian bond prices are lower, driven by heavy selling following the Reserve Bank of Australia's decision to cut the official cash rate. Nomura head of macro products Jon Linton said there had been ...

  • LNP to push for Qld ethanol mandate AAP - 20 hours ago

    The Liberal National Party will push for mandated ethanol in fuel in Queensland, following a lengthy campaign from the state's two Katter's Australian Party MPs. A debate will be held in parliament on Wednesday night calling for the government to support an ethanol mandate and to form a consultation board that will determine preferred levels of ethanol in fuel and report back to government by October 30. The motion could hinge on now-independent Billy Gordon's vote, with the LNP and Katter MPs likely to bring the yes votes to 44 in the state's 89-seat parliament.

  • Woolies growth plans target Aldi AAP - 21 hours ago
    Woolies growth plans target Aldi

    Supermarket giant Woolworths will shed an extra 400 jobs and try to match competitor Aldi's prices to turnaround sluggish sales growth. Woolworths unveiled a three-year growth strategy to analysts on Wednesday after posting a disappointing 2.3 per cent rise in food and liquor sales during the third quarter. Woolworths' total sales fell 1.6 per cent to $14.96 billion during the quarter, weighed down by weakness at its Big W chain and lower petrol profits following the slide in oil prices and changes to its alliance with Caltex. It's three-year growth plan includes reducing costs to counter low food inflation, cheaper items, new food and liquor store formats and increasing market share.

  • USD/CHF Technical Analysis: Franc Moves to 3-Montn High DailyFX - 22 hours ago

    USD/CHF Technical Analysis: Franc Moves to 3-Montn High

  • $A stays higher as commodities gain ground AAP - 22 hours ago

    The Australian dollar is higher, helped by gains in commodity prices and expectations the Reserve Bank won't be cutting the cash rate again. The Australian dollar was worth 79.45 US cents at 1200 AEST on Wednesday, up from 78.69 US cents on Tuesday. The Australian dollar has pushed higher since the Reserve Bank on Tuesday afternoon cut the cash rate for the second time this year, but gave no indications it is looking to cut further. Westpac chief currency strategist Robert Rennie said the Australian dollar didn't react to the retail figures because it was getting support from rising commodity prices and the RBA announcement.

  • Hotter days mean less cold cash AAP - 23 hours ago

    A county's average economic productivity decreases by nearly one per cent for every degree Fahrenheit that the average daily temperature is above 59, says a National Bureau of Economic Research working paper. The paper by a pair of economists at the University of Illinois and University of California, Berkeley, has not yet been peer-reviewed but is part of work done for the nonpartisan economics research centre that is widely cited for determining when the country is in and out of recessions. In doing so, the researchers used new complex statistical techniques crunching more than 76,000 data points, including daily temperatures and yearly economic data in counties across America, said co-author Solomon Hsiang of the University of California, Berkeley. "Hot temperatures are very bad for the economy," said study co-author Tatyana Deryugina, a professor of finance at the University of Illinois.

  • EUR/JPY Technical Analysis: Top Set at 135.00 Figure? DailyFX - 23 hours ago

    EUR/JPY Technical Analysis: Top Set at 135.00 Figure?