All Posts Tagged With: "Rising Oil Prices"
Use MCB Bank ADRs to Leverage Political Crisis in Pakistan
To leverage political crisis in Pakistan, use MCB Bank ADRs, Pakistan’s most profitable bank. It has a return on average equity of 38 percent and loan profitability of 8 percent.
Rising Oil Prices Good for Natural Gas Stocks
In March, this company announced that its oil and gas reserves were up 28% and rumor has it they are expecting to confirm a significant reserve discovery in the next few weeks. The stock price has already seen a 69% increase this year so you don’t want to wait to jump onboard.
Gold, Platinum Slide
Gold, which was up a bit in the far East, plummeted from $910 to $889 once London opened, but from there it forged higher through the New York trading day, to finish at $899.90/oz., down $4.40. Overnight, gold has continued to decline.
The Commodity Investor Q&A
How long before Bakken has a real impact on the price of oil? The answer’s never, sorry. Here’s why…
Precious Metals Back Off
Gold had a very choppy day that saw it peak short of $880 in the far East, then decline steadily during London and the first hour of the New York session on Wednesday, but then bounce off an $865 low three times by noon, after which the trend was gently upward, to a finish at $867.80, down $7.90.
Oil Blasts to New Record
In the energy market Tuesday, crude for June delivery roared to new intraday and closing records, finishing at $121.84/barrel, up $1.87, after an intraday peak of $122.73. June reformulated gasoline gained 6 cents, to $3.12/gallon.
Solar Stocks Rise as Oil Continues to Climb
Solar stocks rose yesterday as crude oil prices hovered around $122 a barrel. According to Forbes, however, gains in solar stocks were more psychological than operational.
Even though oil accounts for 2% of electricity production in this country–a negligible amount–the high-flying solar sector rallied on the back of black-gold’s gains.
Troubled Global Airline Industry Battered by Fuel Costs, Labor Problems
When Skybus Airlines shut down operations and declared bankruptcy over the weekend, it became the third carrier in the span of a week to close its doors.
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