Commodities
Blaze Shakes Oil Industry
[at The Wall Street Journal] - Blaze in Gulf Shakes Oil Industry The fire that engulfed an oil and gas platform in the Gulf of Mexico heightened pressure on the energy industry, which is battling greater regulation and a deep-water drilling ban. Read
BHP Billiton may bid for Anadarko, report says
[at MarketWatch] - Anglo-Australian mining giant BHP Billiton Ltd. is considering making a bid for Anadarko Petroleum Corp. , according to a report Friday. The mining giant has the American oil-and-gas independent on its radar as a second target, an unnamed senior energy-industry figure told The Australian newspaper. Read
Today in Commodities: There s Always a Bull Market Somewhere
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Power plants, residents weigh in on coal ash plan
[AP] - More than 100 speakers signed up to comment Thursday on whether the Environmental Protection Agency should regulate the disposal of coal ash under rules for hazardous waste. Read
Oil prices rise after mixed economic news
[AP] - Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales. Read
Spot Gold Prices Rise on Spec Buying
[at TheStreet.com] - Spot gold prices are firmer on speculative buying Thursday. Read
Wheat prices advance on extended Russian ban
[AP] - Wheat prices advanced Thursday after Russia extended its export ban on the crop until next year s harvest, nurturing hopes of more robust U.S. sales of the grain to other countries. Read
Grains prices, beef and pork futures rise
[AP] - Grains futures rose Thursday on the Chicago Board of Trade. Wheat for December delivery added 5 cents to $7.1375 a bushel; December corn rose 0.75 cent to $4.475 a bushel; December oats gained 4.25 cents to $2.84 a bushel; while November soybeans traded 3.5 cents higher to $10.09 a bushel. Read
Futures Movers: Oil futures rally after rig fire
[at MarketWatch] - Crude-oil futures settle higher after the day s round of macroeconomic data is mildy positive and rig fire brought fears of a longer or stricter offshore drilling ban. Gasoline rose to its highest price in nearly two weeks. Read
Coal industry pans EPA water quality standards
[AP] - A key industry group is renewing its criticism of strict water quality standards developed by the U.S. Environmental Protection Agency to curb mountaintop removal coal mining. Read
Metals Stocks: Gold at two-month high; silver at two-year best
[at MarketWatch] - Gold futures close less than half a percentage point away from their record high, resuming their climb as investors continue to use the metal as a means of safeguarding wealth. Read
Cotton prices surge to 15-year peak
[at Financial Times] - Cotton prices marched to a 15-year high on Thursday, reeling from supply problems and threatening higher clothing prices for consumers. Read
Metals Stocks: Gold leads as metals notch multimonth highs
[at MarketWatch] - Gold futures post a two-month high and are half a percentage point away from their record high, resuming an increase as investors continued to use it as a means to protect their wealth. Read
Futures Movers: Oil rises further after rig fire
[at MarketWatch] - Crude-oil futures rise after the day s round of macroeconomic data is mildy positive and rig fire cast pall. Read
Energy industry critical of Wyo. royalty fee hike
[AP] - Oil and gas representatives are voicing criticism about the first proposed changes to Wyoming s oil and gas leasing contract in nearly three decades, including a provision increasing royalties paid to the state. Read
Futures Movers: Oil turns higher, rises near $74 a barrel
[at MarketWatch] - Crude-oil futures rise after the day s round of macroeconomic data is mixed. Read
China Coal Stocks to Play: SinoCoking, Yanzhou
[at TheStreet.com] - SinoCoking and Yanzhou may rally on strong company fundamentals and coal outlook. Read
Materials, mining stocks raise Canadian market
[at MarketWatch] - Canadian markets rose Thursday on the strength of materials and mining stocks. The S&P/TSX Composite Index rose 0.5% to 12,060 in recent activity. The S&P/TSX Capped Materials Index advanced 0.9% to 381, and the S&P/TSX Capped Diversified Metals & Mining Index rose 0.7% to 1,012. Read
Natural gas prices hold steady after EIA data
[at MarketWatch] - Natural gas prices held to losses Thursday after the Energy Information Administration reported a supply increase in line with expectations. Natural gas for October delivery traded at $3.76 per million British thermal units, down a penny. Read
Gov t says natural gas stockpiles continue to grow
[AP] - Natural gas stockpiles rose last week within analysts expectations, the government said Thursday. The Energy Department said natural gas inventories held in underground storage in the lower 48 states increased by 54 billion cubic feet to about 3.106 trillion cubic feet for the week that ended Aug. 27. Read
Futures Movers: Oil slides as jobless claims slip
[at MarketWatch] - Crude-oil futures decline Thursday after data shows U.S. jobless claims edged lower in the latest week. Read
Natural Gas Prices Set for Gains
[at TheStreet.com] - Natural gas prices likely will start recovering in September based on technical indicators, current spread levels and demand. Read
Metals Stocks: Gold closing in on record high
[at MarketWatch] - Gold futures resume their recent climb even as U.S. jobless claims fall slightly. Read
Petroleum shares rise, energy stocks waver
[at MarketWatch] - Shares of petroleum producers rose slightly on Thursday, while natural gas producers fell. The NYSE Arca Oil Index rose 0.2% to 965. The NYSE Arca Natural Gas Index fell 0.3% to 504. Read
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