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crude oil prices

Oil soars, but Friday stocks succumb to the blahs. Rally over?

WASHINGTON, April 8, 2016 – Both Thursday and today, the Maven has been lacking the inspiration to write really insightful stuff, although he hopes you enjoyed his extended Wednesday Pfizer-Allergan “fail” rant. Read also: Pfizer, Allergan inversion deal inverted by Treasury hacks Today the “oil production freeze” rumor mill was once again pumping more vigorously ...

Friday markets: Oil, stocks on the Road to Oblivion

WASHINGTON, December 11, 2015 – Oil and the Fed are both slamming the tape Friday morning on Wall Street as fresh declines continue to batter shareholders hanging on for dear life, waiting for the Santa Claus Rally to come back out of hiding. At this point, we wouldn’t hold our breath. Friday’s trading action is ...

The dust settles on Wall Street’s latest Black Monday

WASHINGTON, Aug. 24, 2015 – At this morning’s opening bell, Wall Street went into instant crash mode, as the Dow Jones Industrials quickly shredded the record books by dropping over 1000 points in a New York second. In the back of your mind, you could just hear one of those old-time carney barkers spinning his ...

Wednesday’s markets: Obsessing on oil, UPDATE on the Fed

WASHINGTON, February 18, 2015 – We expected more action in Wednesday’s markets after a lackluster post-holiday Tuesday performance. However, it’s more or less like our favorite metaphor for boring days this morning—Waiting for Godot. Oil is slightly to modestly down this morning, which is strange enough, given this morning’s banner headlines about how market-timing guru ...

Oil stable Tuesday, but PBOC credit action clobbers stocks

WASHINGTON, December 9, 2014 – Just when many of us were expecting at least a benign Tuesday trade, the Chicom central bank—(the People’s Bank of China, or PBOC)—which was thought to be loosening its grip on credit somewhat, actually went and tightened it last night without warning. To oversimplify, they largely accomplished this this by ...