7/2/2008 - The latest saga of oil is its move to set a new record above $144 a barrel. August delivery crude moved to $144.32 and finally settled at $143.57 – yesterday’s close was $140.93. ...

7/1/2008 - In financial news, the price of oil proceeded to gain $1.06 to finish the day at $141.06 a barrel. The move up by oil has been in part due to the weakness in the US dollar.

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6/30/2008 - Our financial sector would be missing something if the status of oil was not mentioned within the 1st few sentences. The price of which has been a major force in the markets for th...

6/27/2008 -

The markets continued to be moved by very high and ever increasing oil prices. A barrel of crude moved and touched $142.99 per barrel before setting at $140.25. News on the...

6/26/2008 - Oil, any news about oil seems to send the commodity to new heights. OPEC President Chakib Khelil was quoted to say that oil could rise to between $150 and $170 per barrel before pu...

6/25/2008 - The anticipated announcement by the Federal Reserve was released at 14:15. In it, the Fed left rates unchanged. The implication is that the key rate of 2 percent was in place as t...

6/24/2008 - In economic news, the Conference Board said that its June consumer confidence index was 50.4 and well below the consensus 56.5 reading and the 58.1 in May. The low reading reflects...

6/23/2008 - The OIL situation continues to garner news attention; Monday brought news that Saudi Arabia has announced pans to raise output by 200,000 barrels. Many analysts believe that this i...

6/20/2008 - In today’s financial news landscape, the information came in small packages. For instance, Merrill Lynch downgraded some regional banks. Washington Mutual announced that they will...

6/19/2008 - Equities played a back-and-forth session with modest advances Thursday, it was spurred on by a sharp drop in oil prices that helped counter renewed concerns about the strength of th...

6/18/2008 - In the most notable news story of the day, FedEx Corp. reported losses in Q4 and offered gloomy guidance for 2009. For Q4, it lost 78 cents a share or $241 million. It forecasted ...

6/17/2008 - In an anticipated report by the Labor Department, economic data shows that wholesale inflation has caused prices to jump 1.4 percent in May. The increase is the largest since Novem...

6/16/2008 -

On the New York Mercantile Exchange, oil surged to a record of $139.89 in the morning but soon retraced to finish just 25 cents lower at $134.61. The main bit of news that ...

6/13/2008 -

Inflation was the large issue on the forefront of the news today. The government’s report (Labor Department’s Consumer Price Index) on rising prices says that prices increa...

6/12/2008 - Our daily commentary on oil continues. While many oil analysts believe that oil is in the midst of a bubble, the commodity continues to surge higher. In what was a declining day, ...

6/11/2008 - On the volatile markets today, the price of oil moved upwards of $139 a barrel but eventually settled up $5.07 at $136.38. The move up by oil was due to lower than expected crude o...

6/10/2008 - To the relief of many participants, crude oil retreated to below $132 a barrel. The move lower was mainly due to strength of the US dollar. The energy department has indicated tha...

6/9/2008 - A modest pullback in oil prices (with Brent crude settling at $133.91 and WTI crude ending today's session at $134.35) brought some relief, but market gains remained fairly limited ...

6/6/2008 - Two pieces of news influenced the markets today. Oil made a staggering move up to $140 a barrel. The more than $11 a barrel increase in one session caught most by surprise as the ...

6/5/2008 - The Labor Department reported that unemployment benefits came in at 357,000. This is a decline of 18,000 from the previous week. With that drop, the numbers have improved from mid...

6/4/2008 - As two indexes finished only down modestly, the NASDAQ 100 showed strength and finished higher 1.23%. The underlying part of the market showed that five of ten economic sectors wer...

6/3/2008 - Financial services firm Lehman Brothers was rumoured to have approached the Federal Reserve to borrow money. The refuted rumor set the financials and caused the entire markets on a...

6/2/2008 - The economic report put out by the ISM (Institute of Supply Management) showed that for the fourth straight monthly manufacturing declined. The government’s Commerce Department rep...

5/30/2008 - With a mix of smaller economic reports on the minds of investors, the markets traded slightly higher. The Commerce Department said both personal spending and personal income rose 0...

5/29/2008 -

With all eyes on the price of oil, this session of trading saw oil decline 3.5% to finish at $126.40 per barrel. During the session the commodity had actually been higher 1...

5/28/2008 -

The Commerce Department reported that orders for durables goods or tangible items were down just 0.5 percent last month. The expectation was for a 0.7% decline. Reading mo...

5/27/2008 - In a mixed session where a conflicting set of data come to light, the markets trended in a mixed fashion but ended their session extremely positively.

Oil came down to $129 a...

5/23/2008 - In today’s trading oil rose $1.38 to settle at $132 on trading on the Nymex. Part of the rising in oil prices can be attributed to a weakening US dollar and continual strong demand...

5/22/2008 - With two steep declines already played out, Wall Street was awaiting for some positive news on the energy front. Another over night record saw oil moving above $135 per barrel befo...

5/21/2008 - Rising commodity prices have a dire effect on the US equity markets. As oil prices zipped through $133 a barrel (a new all time record), stock prices began falling. Eventually the...

5/20/2008 - After retreating slightly in recent sessions, oil continued its trend higher after two bits of news were released:

Firstly the Labor Department’s producer price report indica...

5/19/2008 - Another act in the saga that is Microsoft’s purchase of Yahoo has come to light. In a just released proposal, the world’s largest software company has offered to buy Yahoo’s search...

5/16/2008 - The dollar fell against a basket of world currencies. The low point it reached was a low point of the week. The weakened dollar reflected in higher commodities prices. Oil reache...

5/15/2008 - The dollar was weaker against most major currencies. While that usually does not bode well for the price of oil, the commodity did trade near $126 a barrel before falling to $121 a...