Tech stocks lead market higher on Apple effect
Apple (AAPL) shares are up strongly today--ahed 2.35% as of 2:30 p.m. New York time--in anticipation of the company's big product launch event tomorrow September 12. And Apple has taken the rest of the technology sector with it--helped by a bounce from the recent sell...
Government via Twitter: What did the Saudi’s actually say about increasing oil production?
On Saturday President Donald Trump wrote on Twitter that in a phone call with King Salman Saudi Arabia had agreed to increase oil production “maybe up to 2,000,000 barrels” in response to turmoil in Iran and Venezuela. The Saudi government has acknowledged that the...
Aggressive November 4 U.S. deadline on ending Iran oil exports threatens more oil market turmoil
Want to know how high oil can go? So do the oil markets, frankly. West Texas Intermediate closed today at $72.32 a barrel, up another 2.54%. The U.S. crude benchmark stood at $64.19 on June 15. That's a gain of 12.7%. Lurking in the wings is a demand by the Trump...
Financial markets have a case of “trade jitters” today
It’s actually amazing to me that U.S. stock markets weren’t down more today given all the uncertainty regarding trade relations between United States and China, between the United States and its NAFTA partners Canada and Mexico, and between the United States and the European Union.
Israel/Iran exchange of fire near Golan Heights supports oil; worries about Saudi production increase weigh on market
Oil prices are little changed so far today with West Texas Intermediate off 0.04% to $71.11 a barrel as of noon New York time and international benchmark Brent down 0.06% to $77.16 a barrel. The exchange of rockets and bombs between Iranian forces in Syria and Israeli units in the Golan Heights certainly ratcheted up fear of spreading conflict in the Middle East. That would ordinarily have been enough to send oil prices higher on the day
Oil pushes over $70 a barrel on Iran sanction fears
With the May 12 deadline fast approaching for President Donald Trump to decide whether he thinks Iran is living up to the 2015 deal limiting its nuclear program, oil has moved decidedly higher. As of noon New York time today, West Texas Intermediate is up 1.19% to break the $70 level at $70.55 a barrel. International benchmark Brent crude is up even more, gaining 1.63% to $76.09 a barrel.
Crude oil drops to near $42 a barrel on more bad news on supply and then steadies
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Download Jim’s eBook for Free
