DailyMarkets.com - Crude Inventory Draw On The Horizon?

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• Crude Inventory Draw On The Horizon?
• Cartoon Of The Day: Obesity Czar’s Newest Idea
• Costa: “ECB Has To Do Something…they Have To”
• US Stocks Rangebound On EU Uncertainty
• AUD, CAD Stronger On RBA, BoC, But Resilient US Dollar Firms
• Apple IPads For Airline Entertainment To Save Fuel
• Crude Steady Above $84
• Euro Dips As Spain’s Banking Worries Grow

Crude Inventory Draw On The Horizon? Posted: 05 Jun 2012 11:25 AM PDT Tuesday, June 5, 2012 Crude Oil futures find themselves higher for the second consecutive session, as many traders expect this afternoon’s API and tomorrow’s EIA inventory reports to show a drawdown for the first time in 11 weeks. Mounting inventories and worsening economic conditions have caused prices to tumble over $20 in only a month’s time. Some traders may view this as excessive, which could trigger some short-covering. However, it may take a shift in fundaments to trigger anything other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartoon Of The Day: Obesity Czar’s Newest Idea Posted: 05 Jun 2012 10:58 AM PDT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costa: “ECB Has To Do Something…they Have To” Posted: 05 Jun 2012 10:40 AM PDT 06/05/12 Empire Executions’ Peter Costa discusses expectations for the ECB and FOMC, the outlook for the major equity averages and this week’s event … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Rangebound On EU Uncertainty Posted: 05 Jun 2012 03:39 AM PDT 06/05/12 US stocks popped higher on a better-than-expected reading for the ISM non-manufacturing index. All eyes remain on Europe ahead of the ECB meeting and rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUD, CAD Stronger On RBA, BoC, But Resilient US Dollar Firms Posted: 05 Jun 2012 08:07 AM PDT Fundamental Headlines - Greece Eyes Outcomes from Euro to Parallel Currency – Bloomberg - JPMorgan Faces $4.2 Billion Trading Loss – Bloomberg - Spain says Markets Shutting it Out, Seeks EU Help for Banks – Reuters - Germany Pushes EU Bank Oversight – WSJ - MF Global Autopsy Flags Risks by Corzine – WSJ Asian/European Session Summary Trading was more than sporadic in the overnight, with the US Dollar declining across the board through the Asian session as traders started to price in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple IPads For Airline Entertainment To Save Fuel Posted: 05 Jun 2012 08:04 AM PDT Following up on this CD post, here’s another example of how high oil prices and innovation are driving companies to find substitutes for oil and gasoline, from Bloomberg: “Singapore-based Scoot Airlines is ripping out aircraft entertainment systems weighing more than two tons to save fuel, and instead offering Apple iPads to passengers, loaded with movies, music, games and television shows. It eventually intends to have users access content via a wireless system onboard planes. Offering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Steady Above $84 Posted: 05 Jun 2012 03:00 AM PDT 06/05/12 Front month crude prices remained steady just above $84 a barrel Tuesday morning as investors await the results of the G7 emercency phone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Dips As Spain’s Banking Worries Grow Posted: 05 Jun 2012 02:00 AM PDT 06/05/12 The euro has slipped Tuesday morning after Spain’s budget minister asked for foreign funds to help shore up the nation’s biggest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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