Along with the slide. Crude fellud today its lowest close in nearly seven years and way off the peak of 108 a bar 8 8 barrel in june. The Dow Jones Industrial average fell 117 points to 17,730. The nasdaq was off 40 points and the s p 500 sank 14. Natural gas prices are falling, as well. That commodity was off more than 5 settling at the lowest level since october and down about 28 this year. We have a closer look at the Falling Energy prices and what they mean for you, the consumer. Its the gift that keeps on giving and just in time. Low energy prices. Crude oil trading under 40 a barrel. Natural gas just around 2. 10 both down over 10 over the last month thmpt crash after opec said it is not cutting outputs. It means more oil in a world already awash in it. I would say about 36. 5 is about where we can probably bottom out here. I have no idea if it will go lower. I am looking at moving averages. That seems about as much as you can get near term. As expected the focus is on retail gas
Along with the slide. Crude fell today its lowest close in nearly seven years and way off the peak of 108 a bar 8 8 barrel in june. The Dow Jones Industrial average fell 117 points to 17,730. The nasdaq was off 40 points and the s p 500 sank 14. Natural gas prices are falling, as well. That commodity was off more than 5 settling at the lowest level since october and down about 28 this year. We have a closer look at the Falling Energy prices and what they mean for you, the consumer. Its the gift that keeps on giving and just in time. Low energy prices. Crude oil trading under 40 a barrel. Natural gas just around 2. 10 both down over 10 over the last month thmpt crash after opec said it is not cutting outputs. It means more oil in a world already awash in it. I would say about 36. 5 is about where we can probably bottom out here. I have no idea if it will go lower. I am looking at moving averages. That seems about as much as you can get near term. As expected the focus is on retail gas p
Along with the slide. Crude fell today its lowest close in nearly seven years and way off the peak of 108 a bar 8 8 barrel in june. The Dow Jones Industrial average fell 117 points to 17,730. The nasdaq was off 40 points and the s p 500 sank 14. Natural gas prices are falling, as well. That commodity was off more than 5 settling at the lowest level since october and down about 28 this year. We have a closer look at the Falling Energy prices and what they mean for you, the consumer. Its the gift that keeps on giving and just in time. Low energy prices. Crude oil trading under 40 a barrel. Natural gas just around 2. 10 both down over 10 over the last month thmpt crash after opec said it is not cutting outputs. It means more oil in a world already awash in it. I would say about 36. 5 is about where we can probably bottom out here. I have no idea if it will go lower. I am looking at moving averages. That seems about as much as you can get near term. As expected the focus is on retail gas p
Agony of those who make raw products wins out causing the dow to plunge 268 points. Nasdaq nosedive 1. 73 , worst day in ages. Its a good news, bad news game. Today the negatives won out. First, though, because im kind of optimism fella. Some are obvious. When we pump our gas, most of us are in disbelief how cheap it is. I cant tell you how many times i put out 60, 50 will do. I get a good spot when that comes back to me, but there are big losers on the other side, too. We dont see them. From the longest losers are countries considered hostile to our interest or produce terrorists that charged our world in horrible and heinous ways, members of opec. These days gasoline may come from oil produced in the united states, refined in the united states. This time the losers, some are closer to home and borrowed a ton of money to keep drilling, money that cant be paid back if prices stay as low as they are. 61 a barrel, it will go lower, because there is no discipline to production. There is g
Jobs number friday. Markets slipping after weak overnight data. Present hitting new fiveyear low. The dow as we said within nine points of 18,000 and retreating today. Merck buying cubist more than 18 billion and cash. Comments late in the hour. Mcdonalds delivers another weak number. Sales missed the street, down 2. 2 worldwide. More than that in the United States. Well get to all of that later on. But first up, dow and s p, each posting a sevenweek winning streak since late november of last year. Blue chips within 48 point of the 18,000 mark. Futures falling on disappointing chinese trade data. Japans economy shrank more than initially estimated in q3. Crude falling to that new fiveyear low. Morgan stanley cut its forecast, oversupply to peak in the Second Quarter next year. But in their words, guys likely to get worse before it gets better. Once again, i mean, heres here we go. Theyre weak, thoi this is our strength. When europes down, by midmorning the money comes here we have the