Gasoline Futures Prices Continue Slide

On December 30, 2014, in gasoline futures trading news, by Infinity Trading
gasoline futures prices

gasoline futures prices

December 29th, 2014

Gasoline prices fell nearly 75 cents per gallon over the past year in Western Pennsylvania, an online analyst reported Monday, as oil prices driving the discount continued to tumble.

The average price at the pump dropped 7 cents last week to an average of $2.66 per gallon, according to GasBuddy.com’s latest survey of 731 stations in the Pittsburgh region. Motor club AAA put the average price for Western Pennsylvania at $2.64 a gallon.

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natural gas futures news

natural gas futures news

December 26th, 2014

Natural gas futures slumped below $3 per million British thermal units for the first time since 2012 on speculation that record production will overwhelm demand for the heating fuel.

Futures have plunged 27 percent in December, heading for the biggest one-month drop since July 2008, as mild weather and record production erased a surplus to year-ago levels for the first time in two years. Temperatures will be mostly above average in the eastern half of the U.S. through Dec. 30, according to Commodity Weather Group LLC.

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dow jones futures brokers

dow jones futures quotes

December 23rd, 2014

The Dow Jones Industrial Average (INDU) rose above 18,000 for the first time as faster-than-forecast growth in gross domestic product boosted confidence in the economy as the Federal Reserve pledges patience with interest rate increases.

Technology companies have had some of the biggest gains in the Dow this year with Intel Corp. rising more than 43 percent and Microsoft Corp. jumping 28 percent. Consumer companies such as Home Depot Inc., Walt Disney Co. and Nike Inc. have also risen at least 22 percent to lead the 30-stock gauge’s advance.

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crude oil futures prices

crude oil futures prices

December 22nd, 2014

Crude oil futures fell, extending a fourth weekly decline on concern OPEC’s refusal to cut production will worsen a global glut.

Saudi Oil Minister Ali Al-Naimi said OPEC’s biggest producer will seek to maintain market share. Iraq plans to boost its production next year, Oil Minister Adel Abdul Mahdi said. Trading volatility stayed at the highest level in more than three years.

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S&P 500 Futures

S&P 500 Futures

December 19th, 2014

U.S. stocks advanced, with benchmark indexes extending the best two-day rally in three years amid efforts by central banks to support growth. Crude jumped from a five-year low and the yen weakened.

The Standard & Poor’s 500 Index rose 0.4 percent at 10:06 a.m. in New York, erasing its loss for the month. The Stoxx Europe 600 Index added less than 0.1 percent, as global shares advanced. U.S. oil rallied 2.9 percent. The yield on 10-year Treasury notes fell one basis point to 2.20 percent. The ruble strengthened to 59.67 a dollar and Japan’s currency declined against all of its 16 major peers.

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gasoline futures brokers

gasoline futures brokers

December 18, 2014

U.S. drivers are paying less than $2.50 a gallon at the pump for the first time in more than five years.

Retail gasoline prices slipped to an average $2.477 a gallon last night, data from the Heathrow, Florida-based motoring group AAA showed. That’s down from this year’s peak of $3.696 in April, and the first time the average has dipped below $2.50 since October 2009.

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natural gas futures news

natural gas futures news

December 17th, 2014

Natural gas futures advanced in New York for the first time in three days on forecasts for a late-December chill that would spur demand for the heating fuel.

The weather will probably be colder than normal in the Midwest, Great Lakes and mid-Atlantic regions from Dec. 27 through Dec. 31, according to WSI Corp. in Andover, Massachusetts. The low in Detroit on Dec. 27 may be 12 degrees Fahrenheit (minus 11 Celsius), 9 lower than usual, data from AccuWeather Inc. show.

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crude oil futures news

crude oil futures news

December 17th, 2014

Crude oil futures rebounded on speculation that a slide in prices to a five-year low was excessive.

Brent, the benchmark for half the world’s oil, gained as much as 1.2 percent after closing at the lowest level since May 2009 yesterday. West Texas Intermediate crude also gained. Prices slipped earlier after Russia reiterated it will keep production steady and the U.S. Energy Information Administration reported a supply increase at Cushing, Oklahoma.

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gold futures quotes

gold futures quotes

December 16th, 2014

Gold futures headed for the longest slump in five weeks amid concern that the Federal Reserve is moving closer to raising U.S. interest rates and speculation that Russia will sell reserves of the metal.

Fed officials meet today and tomorrow to debate the pace of raising its benchmark rate, which has been near zero since 2008. In the third quarter, gold fell 8.4 percent as the U.S. economy gained.

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crude oil futures prices

crude oil futures prices

December 12th, 2014

Crude Oil extended losses below $60 a barrel in New York, falling to a five-year low as the International Energy Agency cut its 2015 demand forecast for the fourth time in five months. Brent also dropped to the lowest in five years.

West Texas Intermediate futures fell as much as 1.9 percent in New York, poised for a decline of about 10 percent this week. The IEA reduced its estimate for global oil demand growth in 2015 by 230,000 barrels a day as falling prices hurt producing nations such as Russia. U.S. output, already at three-decade high, will continue to rise in 2015, the IEA said.

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