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Commodities Agenda: Ike idles U.S. Gulf energy industry
Oil prices are rising as Hurricane Ike moves within 24 hours of striking the coast near Houston with a possible 20-foot (6-meter) wall of water. A slew of oil refineries located in Galveston Bay that...
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Commodities Today: Gold rally, gasoline supplies and the politics of speculation
On the plate today: Gold prices posted their biggest one-day rise in absolute terms since 1980 As financial worries spread, Russia halted stock and bond trading in a response to the worst market falls...
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Commodities roundup: Oil rally unleashed, how much more left
“Short squeeze, crude expiration — that’s it in a nutshell.” So says Tom Knight of Truman Arnold in Texas of the near 16% surge in U.S. crude for October to $120.92 a barrel. Among other factors in the...
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U.S. Crude Futures Contracts Held By United States Oil Fund in 2008
The United States Oil Fund LP exchange traded fund has built up a large position in crude oil over the past four months, accounting for nearly a quarter of the open interest in the March contract on...
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Open Interest in U.S. Crude Oil Futures
Open interest and trading volumes in commodity futures markets have shown some resilience at the start of 2009 despite the dramatic price slides triggered by the economic downturn. In the fourth...
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Oil Market Contango Widening
The spread between front-month oil futures and contracts for later delivery on the New York Mercantile Exchange (see Fig. 1) has widened dramatically this month. (See Fig. 2)The widening contango...
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