NEW YORK - During Morgan Stanley's public earnings call earlier this month, Chief Executive James Gorman made a remark that hit his commodities staff like a bombshell: the bank plans to further "optimize" its business of owning and trading stuff like oil, natural gas, electricity and metals.
LONDON - OPEC's oil supply in October has fallen by 120,000 barrels per day (bpd) due to lower production in Angola and Nigeria, a Reuters survey found, although recovery in Libya and growth in Iraq kept output close to September's two-year high.
- A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp, helping to offset declining oil and gas production and falling crude oil prices.
LONDON - Gasoline prices in all parts of the United States are tied to Brent rather than the domestic crude oil benchmark WTI, according to a detailed study published on Thursday by the Energy Information Administration (EIA).
CHICAGO - Grain growers across the U.S. Midwest and Southern Plains do not have much to smile about lately, with most bracing for a drop in farm revenues due to the lowest crop prices in years and abundant supplies.
--Clyde Russell is a Reuters columnist. The views expressed are his own.--
SINGAPORE - Frontier and deepwater exploration in Asia will be among high-cost energy projects most at risk from an oil price slump that has knocked 25 percent off the top of global crude prices.
SINGAPORE - A strong Dubai price in a weak oil market has created a dilemma for top oil exporter Saudi Arabia as it works out official monthly selling prices for December.
TOKYO - Asian buyers of Iranian crude imported 6.6 percent less in September than a year ago, the first on-year decline since December, but shipments rose back above the 1 million barrels-per-day mark allowed under a deal that eased Western sanctions.
NEW YORK - Plummeting oil prices are pushing some of the small-cap companies which flourished as part of the U.S. shale energy boom close to their breaking point, while also prompting some well-known fund managers to aggressively buy energy stocks.
|Commodity||Currency||Last||Change||% Change||Trade Date/Time|
|LIGHT CRUDE CON1 Nov14||USD||80.70||-0.58||-0.71%||10/31 17:14|
|NO 2 HT OIL CON1 Oct14||USD||2.52||+0.00||+0.07%||10/31 14:29|
|NATURAL GAS CON1 Nov14||USD||3.87||+0.05||+1.20%||10/31 17:14|
|100 OZ GOLD MAR4 Nov14||USD||1,173.30||-27.00||-2.25%||10/31 17:14|
|SILVER 5000 CON1 Nov14||USD||15.88||-0.31||-1.92%||10/31 12:04|
|HG COPPER CON1 Nov14||USD||3.06||-0.01||-0.36%||10/31 13:06|
|CORN CON1 Dec14||USC||375.00||+2.75||+0.74%||10/31 14:34|
|WHEAT CON1 Dec14||USC||532.00||-3.50||-0.65%||10/31 14:37|
|SOYBEANS CON1 Nov14||USC||1,041.00||+22.25||+2.17%||10/31 14:14|
|SUGAR 11 CON1 Feb15||USC||16.01||-0.29||-1.78%||10/31 12:59|
|COFFEE C CON1 Dec14||USC||188.50||+0.90||+0.48%||10/31 13:30|
|COCOA CON1 Dec14||USD||2,900.00||-46.00||-1.56%||10/31 13:29|
|FROZEN OJ CON1 Nov14||USC||133.05||-1.40||-1.04%||10/31 13:59|
|COTTON NO 2 CON1 Dec14||USC||64.40||-0.10||-0.16%||10/31 14:19|
|LIVE HOGS CON1 Dec14||USC||88.20||+1.00||+1.15%||10/31 14:54|
|LIVE CATTLE CON1 Oct14||USC||169.75||-1.00||-0.59%||10/31 12:38|
|1 Month Libor||--|
|3 Month Libor||--|