Oil has stayed resilient during the past few weeks, despite occasional risk-off sentiment. Crude prices rose to their highest in three months in early March, at $42.49/barrel for WTI and $42.54/barrel for Brent. This was triggered by a combination of
March 26, 2016
The U.S. energy resurgence has been one of the bright spots of the economic recovery since the Financial Crisis of 2008. Many of the shale plays in Texas financed their growth with cheap debt. Now that oil has fallen from
The following data cover the latest from the CFTC’s Commitment of Traders as reported by Oanda from the week of Monday, March 21, 2016. From Oanda: “The Commitments of Traders (COT) is a report issued by the Commodity Futures Trading Commission (CFTC).
Deals and Financings Origin Technologies, a US company with deep China connections, has raised its bid to acquire Affymetrix (NSDQ: AFFX), a US microarray company, to $17 per share (see story). Affymetrix responded by postponing a shareholder vote, scheduled for Thursday,
Silver had a great start to the year 2016. In December of 2015, the precious metal was trading at just over $12 per ounce. However, as the global stock market fell in the beginning of this year, safe haven investors
The most extreme speculative positioning, judging from the futures market is the long yen position. The bulls added another 3.4k contracts, lifting the gross long position to 82.8k contracts. The record was set in 2008 at 94.7k contracts. The gross
It’s been an amazing start to the year. First the market cratered on slowing China economic concerns, domestic recessionary fears, deteriorating oil prices, and negative interest rates abroad. In response to all these worries (and others), stocks dove more than
The financial markets have been abuzz over the tete-a-tete between Merck (NYSE:MRK) and Gilead (NASDAQ:GILD). A jury upheld the validity of Merck’s HCV patents and analysts went wild with scenarios of potential up front costs and future royalties to Merck.
Big banks usually promise their clients all sorts of things and always continue to issue recommendations to continue to invest in stocks and bonds (obviously to rake in their fees), UBS chartists and technicians Muller and Riesner have now publicly
The Rockefeller Family Fund concluded there’s “no sane rationale” for companies to explore for oil as governments contemplate cracking down on carbon emissions, according to a statement on the website of the New York-based philanthropic foundation Wednesday. ExxonMobil has been ordered by
