May 5th, 2011 19:26:40 GMT

CME widens price limits

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Traders are scrambling for the exits as the CME raises its price limits on a number of contracts by 200%, CNBC reports. If you thought “limit down” in crude was $10 bucks today, SURPRISE!, They’re now $20 bucks…Oill accelerated losses … Continue reading

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May 2nd, 2011 13:23:47 GMT

Oil bounces a quick buck

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Oil has bounced quickly from just above $112 a short while ago to $113.35 at the moment. Metals steady around $1555 and $45.50… EUR/USD is steady at 1.4845.

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March 30th, 2011 16:09:30 GMT

I guess markets don’t fear Obama

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Obama is outlining all the magical ways that the US will reduce its dependency on foreign oil but crude prices ain’t buying it…They are up sharply since he began his speech, by about a buck. Looks like we could be … Continue reading

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