Uncontinued unrust in the middle east and saudi arabia raised the official selling price. Oil closed 2. 5 at 60 a barrel and over 20 at the last month. Jackie deangeles has more at the prices and where they are heading next. Cruise proiss crude prices are deg gravity. Todays priek fueled by geopolitics. Concerns in the middle east as a libyan port was closed by protesters. Technically the crude oil market was showing strength but we needed to get above 60. When you look at the supply situation improving and the pryuia production flat lining in the u. S. That was the factor that needed to take it above 60. Crude had bee flirting with above the 60 level, before it got there it shut down and will that continue. I think that we are over 60 well stay there it will stay there. We get demand for that in the summer and that is demand in the summer for crude oil. I could see 65 to 67 by memorial day. With the start of summer driving season there is a lag of spike in crude and the price at the p
Uncontinued unrust in the middle east and saudi arabia raised the official selling price. Oil closed 2. 5 at 60 a barrel and over 20 at the last month. Jackie deangeles has more at the prices and where they are heading next. Cruise proiss crude prices are deg gravity. Todays priek fueled by geopolitics. Concerns in the middle east as a libyan port was closed by protesters. Technically the crude oil market was showing strength but we needed to get above 60. When you look at the supply situation improving and the pryuia production flat lining in the u. S. That was the factor that needed to take it above 60. Crude had bee flirting with above the 60 level, before it got there it shut down and will that continue. I think that we are over 60 well stay there it will stay there. We get demand for that in the summer and that is demand in the summer for crude oil. I could see 65 to 67 by memorial day. With the start of summer driving season there is a lag of spike in crude and the price at the p
Stocks are this years darlings and can they continue to outperform . We have all that and more tonight on nightly Business Report tuesday may 27th. Good evening and welcome, everybody, back to work and back to setting records. Investors return from the long Holiday Weekend in a buying mood pushing the s p 500 into recordclosing territory and driving the enthusiasm today with deals and data. Pilgrims pride offering to buy hillshire brands for more than 6 billion. More on that one and on the economic front, orders for goods rose, and shares are increasing. By the close the dow gained 69 points to finish at 16,675. The nasdaq added 51, the s p 500, added 11 clouto close at t alltime high. There were other milestone, the transportation and material markets sitting at alltime highs while technology is at levels not seen since the year 2000. But this year, believe it or not, the biggest groups are utilities, yes, utilities, the top sector of 2014 so far up more than expected. Dominic chu has
Stocks are this years darlings and can they continue to outperform . We have all that and more tonight on nightly Business Report tuesday may 27th. Good evening and welcome, everybody, back to work and back to setting records. Investors return from the long Holiday Weekend in a buying mood pushing the s p 500 into recordclosing territory and driving the enthusiasm today with deals and data. Pilgrims pride offering to buy hillshire brands for more than 6 billion. More on that one and on the economic front, orders for goods rose, and shares are increasing. By the close the dow gained 69 points to finish at 16,675. The nasdaq added 51, the s p 500, added 11 clouto close at t alltime high. There were other milestone, the transportation and material markets sitting at alltime highs while technology is at levels not seen since the year 2000. But this year, believe it or not, the biggest groups are utilities, yes, utilities, the top sector of 2014 so far up more than expected. Dominic chu has
Growths. How stay at home kids are hurting the Housing Market. That and more for nightly Business Report on tuesday november 5th. Good everyone. Im tyler mathisen. Im susie gharib in for season season. Stocks ended mostly lower with momentum stoling on economic weakness in china and europe and a hand of less than stellar earnings. The major averages are sitting at alltime highs and a 13year for the nasdaq. The dow fell nearly 21 points battling back, though, from a triple digit loss early in the session. The nasdaq bucking the trend by gaining three points and s p down five. In the markets just like everywhere else, they say what goes up, must come down but if a quick look at wall street history is any indication, stocks may head up, up and away for the remainder of this year. Dominic chu explains. Reporter sure, the stock market sits near record highs, but theres a good chance that the current rally still has some legs. Thats what history is saying. The s p 500 is up 20 this year. The