Archives for

OIL

Oil at three-month high on Iraq anxiety, stocks steady

 European shares held steady near 6-1/2-month highs on Thursday, with gains limited by concerns over the pace of global growth, while oil prices hit a three-month peak on escalating violence in Iraq. A cut in the World Bank’s global growth forecast prompted investors to book profits from recent gains which propelled European, U.S. and Asian

How to Go Gluten-Free Without Contributing to the Billion Dollar Big Food Rip-Off

The Organic Prepper  According to some experts, wheat is more like the staff of death than the staff of life these days.   Due to genetic modifications of wheat over the past century (go HERE to learn how scientists “fixed” wheat during the 60s), the grain that appears in nearly every meal in America seems to be causing serious

Oil Fluctuates Before European Crisis Meetings, Stockpile Report

Money-250x180

Oil traded near the highest close in three months in New York before European leaders meet to tackle the region’s debt crisis and a report that’s forecast to show stockpiles rose in the U.S., the world’s biggest crude consumer.   Futures were little changed after sliding 4 cents yesterday, the first drop in five days. European

Asian Stocks Gain Before U.S. Housing, Durable Goods Data

080812top

Asian stocks rose ahead of reports on U.S. housing and durable goods this week that are expected to show the world’s biggest economy is improving, overshadowing concern about Europe’s debt crisis. Samsung Electronics Co. (005930), the world’s No. 1 mobile-phone maker by sales, added 0.9 percent in Seoul. Woodside Petroleum Ltd., Australia’s second-largest oil producer,

Oil Rises a Fifth Day on U.S. Economy, Saudi Production

Oil climbed for a fifth day in New York, the longest streak of gains in a month, on signs of a strengthening U.S. economy and speculation that higher Saudi Arabian crude output indicates increasing demand for fuel. Futures gained as much as 0.5 percent after closing at a three-month high on Aug. 17 as a

U.S. Navy Fires on Boat in Persian Gulf

A security team aboard the oil supply ship U.S.N.S. Rappahannock fired on a boat in the Persian Gulf today, killing one and injuring three others. The Navy’s 5th Fleet, based in nearby Bahrain, said the U.S. ship fired a .50 caliber machine gun at a “small motor vessel after it disregarded warnings and rapidly approached