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Inventories drop, oil prices kiss $70 a barrel

Inventories drop, oil prices kiss $70 a barrel

U.S. crude oil inventories fell by a surprising large 4.95 million barrels last week, the U.S. Energy Information Administration announced this morning. This took international benchmark Brent crude up as high as $70 a barrel during trading on Thursday before closing...
Was today the end of the market wobble?

Was today the end of the market wobble?

Today the Standard & Poor’s 500 stock index added 0.8%, the Nasdaq Composite climbed to a new all time high, and the Russell 2000 small cap index rose 1.6%. The action put an end to what I’d call a “market wobble” that had seen the...
A wild week for earnings announcements

A wild week for earnings announcements

Enough changes in direction this week in earnings reports to keep your head spinning. We go from earnings results from the “old economy” to tech behemoths to Big Oil. This week starts off with a truckload of earnings reports from bellwethers of the...