Rick Mueller

Oil Climbs to Four-Month High on Fed Stimulus Plan

Oil advanced to a four-month high as the Federal Reserve announced a plan to buy mortgage securities and on concern that protests in the Middle East and North Africa may lead to supply disruptions.

OPEC Output Falls as Iran Pumps Least in 22 Years, Survey

OPEC oil production declined for a second month in July as Iranian output tumbled to a 22-year low, a Bloomberg survey showed.

Oil Futures Drop Below $80 for First Time in Eight Months

Oil in New York tumbled below $80 a barrel and Brent crude fell under $90 as reports signaling a global economic slowdown added to concern that demand will slow amid rising supplies.

Oil Tumbles to One-Month Low as Fed Sees Downside Economic Risks

Oil dropped to a six-week low after the Federal Reserve cited “significant downside risks” to the economy of the U.S., the world’s biggest crude consuming nation.

Crude Oil Futures Tumble After Unexpected Increase in U.S. Fuel Supplies

Crude oil tumbled after an Energy Department report showed unexpected increases in inventories of gasoline and distillate fuels.

Crude Oil, Gasoline Futures Increase as U.S. Refiners Curb Operating Rates

Crude oil rose to a six-week high after gasoline surged on a report that U.S. refineries cut operating rates and supplies of the motor fuel declined.

Oil Falls Most in Four Weeks on Saudi Arabia’s Plan to Increase Production

Crude oil tumbled the most in four weeks after the al-Hayat newspaper reported Saudi Arabia will raise oil production to 10 million barrels a day next month, and on concern the global economic recovery is slowing.

Crude Oil Trades Near $75 After Blast on Mariner Energy Platform in U.S.

Crude oil rose for a second day after a platform owned by Mariner Energy Inc . in the Gulf of Mexico was struck by an explosion, bolstering concern that regulations will reduce output in the region.

Oil Futures Advance as U.S. Jobless Claims Slow, Crude Stockpiles Decline

Crude oil rose to a one-week high as U.S. inventories tumbled after Hurricane Alex disrupted output and deliveries in the Gulf of Mexico. Jobless claims also fell.

Oil Drops for Third Day as German Production Slips, Iran Threat Eases

Oil dropped a third day as German industrial output declined, signaling that growth in Europe’s largest economy may have stalled, and as concern eased that Iran will block crude shipments from the Persian Gulf.

"The feeling is that this is good for the U.S. economy and the markets are reacting accordingly."

- Rick Mueller on Sep 13, 2012

New York Mercantile Exchange

China

HSBC Signals 14,000 Jobs Cuts in $3 Billion Savings Plan

King Declares U.K. Recovery in Sight as Growth Outlook Raised

London Mayor Blocks Mayfair Apartment Plan Citing Size

BMWs Cheaper Than Hyundais in Korea as Tariffs Crumble

Asian Stocks Advances as Nikkei 225 Surges Above 15,000