If we didn’t have bad news, we’d have no news at all today
My suspicion is that stocks wouldn’t be down so much today if they hadn’t been up so much on June 21. So far, today’s 1.1% decline in the Standard & Poor’s 500 amounts to profit-taking on the June 21 move up to 1296 on the index. A 1% drop on today’s list of bad news is, well, actually rather modest.
The commodities retreat turns into a rout–but lower oil prices will eventually correct the correction
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...Saudi Arabia, oil importer?
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Dollar up, commodities down-and then vice-versa as dollar sinks
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A discovery in Arctic waters gives new life to Norwegian oil and gas production
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...Oil stabilizes at $105 or so–at the momnt
OPEC has decided that the world can live with oil at $105 or even slightly higher so there’s no need for any extraordinary steps.
Does the no-fly zone in Libya increase odds of destruction of the oil fields?
Will Libya’s Muammar Qaddafi retaliate for the imposition of a no-fly zone by destroying the country’s oil infrastructure? The prospect will keep oil markets on edge this morning.
