Commodities & Metals

All Commodities & Metals Articles

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Natural Gas Supply Build Keeps Prices Steady

thinkstockThe U.S. Energy Information Administration (EIA) reported Tuesday morning that U.S. natural gas stocks increased by 77 billion cubic feet for the week ending October 11, compared with an expected build of about 75…

Paul Ausick · 13 years ago

UBS Thinks Steel Is Ready to Shine: Stocks to Buy and Sell

ThinkstockThe steel industry tends to go with the pulse of U.S. and international economic growth. Mired in slow growth for years, the top steel stocks became relegated to the Wall Street doghouse. They were…

Lee Jackson · 13 years ago

Freeport-McMoRan Earnings Lifted by Oil and Gas Production

ThinkstockFreeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported third-quarter 2013 results before markets opened Tuesday morning. The mining company posted diluted earnings per share (EPS) of $0.79 on revenues of $6.17 billion. In the…

Paul Ausick · 13 years ago

Is Coal a Safe Investment Again?

ThinkstockAfter reporting third-quarter results Thursday, Peabody Energy Corp. (NYSE: BTU) jumped more than 9%, before ending the day about 3.7% higher. On Friday morning, shares tried to make a comeback, but they were trading…

Paul Ausick · 13 years ago

Peabody Earnings Surprise, Outlook Strengthens

ThinkstockPeabody Energy Corp. (NYSE: BTU) reported third-quarter 2013 results before markets opened Thursday morning. The coal miner’s adjusted diluted earnings per share (EPS) came to $0.05, on revenues of $1.8 billion. In the same…

Paul Ausick · 13 years ago

Budget Deal Hope Pushes Gold to Three-Month Low

ThinkstockOn signs that U.S. lawmakers could be making progress toward resolving their differences over the debt ceiling and the government shutdown, gold futures dropped to a new three-month low early Tuesday. That took back…

Trey Thoelcke · 13 years ago

Russian Charges Against Potash Executive Won’t End Price War

thinkstockAfter Russian potash producer Uralkali pulled out of the Belarusian Potash Co., a potash marketing group formed with Belarus’s Belaruskali, Belarus took the occasion to nab Uralkali’s CEO and toss him into a Belarusian…

Paul Ausick · 13 years ago

Another Big Gain in Natural Gas Inventory

thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 90 billion cubic feet last week, compared with an expected build of about 96 billion cubic feet anticipated…

Paul Ausick · 13 years ago

Surplus to Cost Uncle Sugar Up to $300 Million

ThinkstockThe federal government has been buying sugar since June as it is required to do by law when the price falls below $0.21 a pound. Uncle Sugar indeed! A report at Bloomberg indicates that…

Paul Ausick · 13 years ago

Crude Price Tumbles on Big Inventory Gain

ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 6.8 million barrels last week, maintaining a total U.S. commercial crude inventory to 370.5…

Paul Ausick · 13 years ago

Alcoa Kicks Off Earnings Season Better Than Poorly

ThinkstockAlcoa Inc. (NYSE: AA) has just kicked off earnings season, and it was probably more than just a timing coincidence that Alcoa’s shares were downgraded this morning ahead of the numbers. Amazingly, the initial…

Jon C. Ogg · 13 years ago

CME Group Prepares Launch of Aluminum Trading

ThinkstockAt the week-long metals conference known as LME week, CME Group Inc. (NASDAQ: CME) on Tuesday said it will launch an aluminum contract on an as-yet undetermined date. The contract will challenge the London…

Paul Ausick · 13 years ago

Icahn Takes Stake in Canadian Oil Company

ThinkstockAfter markets closed on Monday night, activist investor Carl Icahn disclosed that he had accumulated a stake of nearly 6% in Canadian independent oil and gas exploration and production company Talisman Energy Inc. (NYSE:…

Paul Ausick · 13 years ago