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Despite poor retail sales, oil prices near $75
June 11, 2010US retail sales dropped by the largest amount in eight months according to the May numbers released Friday (June 11) morning. This puts a bit of a brief damper on more upbeat economic news of late that has help keep oil prices propped up in the mid-$70s. US jobless claims numbers helped encourage investors this [...]
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Dollar wins as $18 billion jobless benefits bill becomes law
April 16, 2010The dollar made gains on Thursday (April 15) against most major currencies and also put a wrap on driving oil prices and gold prices. The dollar’
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What Makes Prices Move?
March 10, 2010Today I will go over what I think drives price movement in the markets, why I hold these beliefs, and why I think it is important to understand the forces in price movement. Keep in mind the following theories are my opinions, not absolute fact. I believeWhat Makes Prices Move? People often ask “did fundamentals [...]
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Gas prices falling in line with oil prices
January 22, 2010While declining oil prices over the last week have not necessarily caught the attention of consumers as much as they have speculators and impacted businesses, falling gas prices have. Friday (January 22) marked the seventh consecutive day of falling fuel prices with the current national average at $2.73, according to Wright Express and the Oil [...]
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Oil falls below $79 on strong dollar
January 15, 2010As the dollar has rebounded from some recently disappointing jobs news, it has pushed back against recent gains in oil prices and gold prices. A barrel of oil fell below $79 in Friday (January 15) morning trade on the New York Mercantile Exchange. Recent demand that has reduced US crude stockpiles pushed oil prices over [...]