Page 28 - Oil Commodity News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Today, the move was sharp. Domestic crude went from a loss of nearly 4 , to a slight gain. The reason for the turn, a smaller than expected build in crude inventories last week and Strong Demand for gasoline. And by the closing bell, the Dow Jones Industrial average gained 53 points to 16,484. It had been down more than 26 0 points. The nasdaq rose 39. The s p 500 added 8. As Brian Sullivan reports from the Energy Summit in houston, industry executives are navigating their way through what may be a new normal. Reporter if you want to understand the mood of the oil and gas business right now, i...

Underbelly that we havent addressed enough on the show. Namely that the longer crude keeps collapsing, the more stress there is in the system. The worst of fundamentals get for the financials that lent the Oil Companies money, thats what were discovering now. Thats why were glued to every tick up or down in the price of oil. Its the financials now. When oils sold off, we saw Small Companies go belel up. Thats no longer the case. Now were worried about companies that used to be much bigger than they are now, Companies Like chesapeake, chk, which is right in the blast zone of the recent selloff....

Nice recovery there. I have to ask you, how it is that this market, it is still so hot since the price of oil, remember oil rallies a tiny bit off the lows, averages are able to bounce so definitively that we may as well just be one giant stock market devoted to devining oils direction. I feel like im throwing up at the pump everyday i go to work. Ive been adamant about the good things that will ultimately happen to america and american industry when Energy Prices stay low. However, lately as oil keeps plunging, theres a dark underbelly that we havent addressed enough on the show. Namely that ...

Oil rolls over at the opening of the session. But then rebounds ever so slightly. And suddenly the stock market can rally . Rally off the lows of the day . The dow closing down 13 points after being down 112. Thats when oil was really rolling over. Nice recovery there. I have to ask you, how it is that this market, it is still so hot since the price of oil, remember oil rallies a tiny bit off the lows, averages are able to bounce so definitively that we may as well just be one giant stock market devoted to devining oils direction. I feel like im throwing up at the pump everyday i go to work. I...

However, lately as oil keeps plunging, theres a dark underbelly that we havent addressed enough on the show. Namely that the longer crude keeps collapsing, the more stress there is in the system. The worst of fundamentals get for the financials that lent the Oil Companies money, thats what were discovering now. Thats why were glued to every tick up or down in the price of oil. Its the financials now. When oils sold off, we saw Small Companies go belly up. Thats no longer the case. Now were worried about companies that used to be much bigger than they are now, Companies Like chesapeake, chk, wh...