Crude Oil - BingNews

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UPDATE 9-Oil prices climb as traders eye another U.S. crude drawdown

NEW YORK, Aug 22 (Reuters) - Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field. Prices, however, pared gains in post ...
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Posted: August 23, 2017, 2:22 am

Occidental’s Underperformance of Crude Oil and Natural Gas

Last week (ended August 18, 2017), crude oil (USO) prices retreated from $48.82 per barrel to $48.66 per barrel, which was a fall of less than one percentage point. Crude prices found support at their 50-day moving average, which now stands at $46.53.
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Posted: August 22, 2017, 5:33 pm

Crude Oil: Signs Of Demand Picking Up And Another Move Higher

Crude oil inventories fell last week for the ninth week out of the last ten. U.S. economic growth is expected to be 3.8% for Q3 according to the Federal Reserve Bank of Atlanta. Crude oil demand should have bullish fundamentals behind it in the coming weeks.
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Posted: August 22, 2017, 5:27 pm

Crude oil settles higher on bets US inventories falling

Investing.com – Crude futures settled higher on Tuesday, as traders looked ahead to the release of U.S. inventories data expected to show U.S. supplies of crude oil fell for an eight-straight week. On the New York Mercantile Exchange crude futures for ...
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Posted: August 22, 2017, 12:57 pm

Oil Edges Up as U.S. Crude Stocks Seen Slipping for Eighth Week

(Bloomberg) -- Oil edged higher in New York as traders anticipate yet another decline in U.S. crude stockpiles. Futures rose 0.6 percent, pulling back from a quick surge above $48 a barrel during a choppy session. A government report on Wednesday is ...
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Posted: August 22, 2017, 12:15 pm

Oil Settles Higher As Analysts Forecast a Weekly Decline In U.S. Crude Supplies

Oil prices settled higher Tuesday, getting a lift from expectations that U.S. government data set for release Wednesday will show an eighth weekly decline in a row for crude stockpiles. September West Texas Intermediate crude rose 27 cents, or 0.6%, to ...
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Posted: August 22, 2017, 11:45 am

Slow drain on U.S. crude oil prices as production balances inventories

Aug. 22 (UPI) --Crude oil prices were moving between slight gains and losses early Tuesday given some competing trends at play in the migration toward market balance. Global crude oil inventory levels have been on a steady decline, but remain above the ...
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Posted: August 22, 2017, 7:33 am

Natural Gas - BingNews

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Lithuania becomes first ex-Soviet state to buy US natural gas

Lithuania became the first former Soviet state to import a shipment of US natural gas on Monday, at a time when Washington has promised to help weaken Europe’s reliance on gas supplies from Russia. The liquefied natural gas cargo aboard the Clean Ocean ...
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Posted: August 23, 2017, 2:50 am

Natural Gas Price Fundamental Daily Forecast – Cooler Weather Forecast Limiting Gains

Natural gas futures spiked higher early in the session on Tuesday, but the rally stalled at $3.035, falling short of the last main top at $3.042. Profit-takers likely stopped the rally, leading to a lower close. The price action could be further proof that ...
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Posted: August 23, 2017, 12:20 am

Occidental’s Underperformance of Crude Oil and Natural Gas

Last week (ended August 18, 2017), crude oil (USO) prices retreated from $48.82 per barrel to $48.66 per barrel, which was a fall of less than one percentage point. Crude prices found support at their 50-day moving average, which now stands at $46.53.
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Posted: August 22, 2017, 5:33 pm

Mexico's CRE publishes its first national natural gas price index

Mexico's Energy Regulatory Commission has published for the first time its National Reference Index for Natural Gas Wholesale Prices, and plans to publish similar regional indices in the future, the commission said. The index, referred to as IPGN for its ...
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Posted: August 22, 2017, 2:52 pm

A Combination Of Technical And Fundamental Factors Push Natural Gas Price Lower

The price faced strong resistance at around 2.974-2.990. Bearish 24h changes in fundamentals prompted us to take some profits. We closed all our long positions in October contract and later re-entered at a lower price. Based on historical (seasonally ...
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Posted: August 22, 2017, 12:51 pm

Natural gas approaching seven percent gains

Natural gas is approaching a seven percent gain for the month. According to our partners at Kensho when that happens, the best-performing energy stocks are Marathon Petroleum and Cabot Oil and Gas.
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Posted: August 22, 2017, 10:24 am

U.S. natural gas futures climb to six-day high

Investing.com - U.S. natural gas futures edged higher for the second straight session on Tuesday, hitting their strongest level in more than a week as near-term weather forecasts turned warmer. U.S. natural gas for September delivery was at $2.998 per ...
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Posted: August 22, 2017, 6:09 am

US Dollar - BingNews

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Believe in the GBP / USD Uptrend: Brexit Fears Overblown say Swissquote

"Brexit negotiations are making slow progress, but we think the markets’ fears of a Hard Brexit are overblown." It’s not the best of times for Pound Sterling at present - the currency is the second-worst performer in the G10 currency space this August ...
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Posted: August 23, 2017, 2:44 am

EUR/USD Slips Back Into Triangle Pattern And Awaits Breakout

The EUR/USD failed to immediately continue with the bullish breakout yesterday and is building an expanded wave 4 (green) correction via a WXY (purple) pattern. A next breakout above the resistance trend line (red) of the contracting triangle pattern could ...
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Posted: August 23, 2017, 2:40 am

Polymer Modified Cementitious Coatings Market Worth 1.66 Billion USD by 2022

The growth of this market can be attributed to the increasing demand for polymer modified cementitious coatings from the residential buildings sector. In addition, government initiatives to support infrastructural developments in the Asia Pacific region ...
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Posted: August 23, 2017, 2:30 am

US Dollar sticks to gains near 93.50

The US Dollar Index – which gauges the buck vs. its main rivals – is looking to extend its positive momentum around the mid-93.00s for the time being. US Dollar boosted by rumours, cautious on Draghi The index has managed to regain buying interest on ...
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Posted: August 23, 2017, 12:06 am

GBP/USD Extends Losses

On Wednesday, we wrote the following: (…) GBP/USD slipped to the lower border of the brown rising trend channel, which could encourage currency bulls to act. But will we see such price action? In our opinion, it’s quite doubtful, because even if the ...
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Posted: August 22, 2017, 2:23 pm

Big moves in gold and the US dollar hinge on the Jackson Hole meeting: NYSE trader

Alan Valdes, director of floor operations for Silverbear Capital, joins Yahoo Finance's Myles Udland from the floor of the New York Stock Exchange to discuss the gold and US dollar markets. Will gold resume it's upward trend while the dollar weakens?
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Posted: August 22, 2017, 10:38 am

Location Intelligence & Location Analytics Market Expected to Reach 16.43 Billion USD by 2021 - IndustryARC Research

Location Intelligence & Location Analytics (LI & LA) Market led by demand from transportation & logistics and manufacturing industries to cross $16 billion market By 2021 The market is all set to exhibit robust development with a broad range of ...
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Posted: August 22, 2017, 5:58 am

S - BingNews

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ROLI’s MPE Software Synth, Equator, Now Available Standalone

ROLI has released Equator, the Multidimensional Polyphonic Expression (MPE) synthesizer behind the company’s Seaboard RISE and Seaboard GRAND, as a standalone software synth for Mac & Windows. Equator was originally launched in 2015, to support the ...
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Posted: August 23, 2017, 2:57 am

Wayne Rooney burns bright to rekindle England hopes under Southgate’s gaze

Adam Lallana’s thigh injury has opened up berth in Southgate’s squad and he must be impressed at how Rooney is back knocking in the goals for Everton
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Posted: August 23, 2017, 2:04 am

Egypt says U.S. decision to withhold aid could have negative impact: Foreign Ministry

CAIRO (Reuters) - Egypt expressed its regret on Wednesday over a United States decision to deny it $95.7 million in aid and to delay a further $195 million, adding that it may have a negative impact on common interests, its Foreign Ministry said.
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Posted: August 23, 2017, 2:01 am

Angolan vote heralds new leader after president's long rule

Angolans are voting in an election in which the defense minister is the front-runner to succeed President Jose Eduardo dos Santos, who will relinquish the post after 38 years in power. About 9.3 million Angolans are registered to vote on Wednesday for the ...
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Posted: August 23, 2017, 1:36 am

Here is Uber’s first pitch deck

On the ninth anniversary of the founding of Uber, its co-founder Garrett Camp shared the company’s initial pitch deck via a personal Medium post. The deck, and the short post, comes off quite sentimental because of how much has happened to the company ...
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Posted: August 23, 2017, 1:28 am

Trump’s Phoenix rally ignites mixed reactions

Fact Check: Are there 20 U.S.-designated foreign terrorist organizations active in Afghanistan and Pakistan? Bannon's firing wasn't surprising, but it's still significant
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Posted: August 23, 2017, 12:07 am

UM’s Higdon looks to the future, starts program for at-risk youth

UM’s Higdon looks to the future, starts program for at-risk youth Karan Higdon and former Michigan defensive back Wayne Lyons started Empire for the Youth (EFTY) this summer to provide after-school programming for at-risk students. Check out this story ...
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Posted: August 22, 2017, 10:37 pm

Interest Rates - BingNews

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A third of Canadians say the Bank of Canada’s plan to raise interest rates will hurt their finances

Roughly one third of Canadians think the Bank of Canada’s most recent interest rate hike will hurt their finances, just as nearly three-quarters say their living costs have increased over the past three years, according to a new poll. The survey, by ...
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Posted: August 23, 2017, 2:00 am

Think Rates Are Going Up? Banks Don’t

After years of waiting for interest rates to rise, some banks are lending as if that day will never come, loading up on a record amount of loans and securities that carry low rates for long periods. The percentage of bank assets that won’t mature or ...
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Posted: August 22, 2017, 8:04 pm

Low interest rates will affect retirees’ portfolios

The Federal Reserve’s incremental rate increases aren’t likely to outperform stocks No matter what President Trump and Congress do about taxes and the like, low interest rates are becoming as certain as aging. That’s good news for young folks buying ...
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Posted: August 22, 2017, 7:18 pm

How HSBC lures students into an overdraft trap: Interest rates on post-study accounts nearly 80 TIMES the official borrowing rate

HSBC offers students heading to university next month an interest-free overdraft that rises to £3,000 in their final year - the biggest perk of any High Street bank. It also offers a £60 Amazon gift card and student membership to its Prime film and ...
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Posted: August 22, 2017, 4:06 pm

Doorstep And Payday Lending Interest Rates Are Too Low - Look At Provident Financial

Provident Financial’s recent results give us an interesting method of looking at that campaign against payday loans and doorstep lending. For we have been regaled with complaints, shrieks even, that the interest rates being charged are too high.
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Posted: August 22, 2017, 4:06 pm

Indonesia Decision Guide: Interest Rate Cuts Back in Play

Interest rate cuts are once again on the table in Indonesia. With inflation and credit growth slowing, central bank Governor Agus Martowardojo has spurred speculation he may resume policy easing to give a boost to Southeast Asia’s biggest economy.
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Posted: August 22, 2017, 2:00 pm

Bank Indonesia unexpectedly cuts interest rates

Indonesia’s central bank cut its benchmark interest rate on Tuesday for the first time almost a year, as falling inflation gives the bank more scope to try to boost economic growth. Bank Indonesia reduced its seven-day repo rate from 4.75 per cent to 4.5 ...
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Posted: August 22, 2017, 8:59 am

Trucking Industry - BingNews

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Verified First and AvatarFleet Join Forces to Increase Quality and Speed of Hiring for the Transportation Industry

Twinsburg, OH, August 23, 2017 --(PR.com)-- Verified First and AvatarFleet have partnered to streamline the hiring process through integration of background screening tools with AvatarFleet’s ApplicantCare™, a top applicant tracking system for the ...
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Posted: August 23, 2017, 12:03 am

Trucking industry, drivers prepare for solar eclipse

American Trucking Assns., along with millions of travelers and 3.5 million American truck drivers, will watch the solar eclipse on Aug. 21. The trucking industry is responsible for moving the nation’s goods during the eclipse and asks for the public’s ...
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Posted: August 21, 2017, 7:36 am

Total Eclipse Of The Trucking Industry: Cosmic Event Sheds Light On How Key Component Of Supply Chain Is Changing

That key cog in the supply chain, the trucking industry, is bracing for slowdowns as people pack the highways to watch the first coast-to-coast solar eclipse since 1962. The trade journal Transport Topics matched up the states seeing the totality of the ...
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Posted: August 20, 2017, 11:31 pm

Driving force: Fargoan becomes first female president of trucking industry organization

FARGO—Melissa Dixon drives a beloved Nissan Murano, a mid-size SUV that she jokingly refers to as a "four-wheeler" just like any other non-semi vehicle. But there's no denying her drive for the trucking industry, both through her work with an insurance ...
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Posted: August 18, 2017, 4:00 am

Why the Trucking Industry Actually Supports Higher Fuel Taxes

Truck drivers in the United States use a lot of diesel fuel — 38 billion gallons (144 billion liters) a year, according to the American Trucking Associations (ATA) industry group. So you might think it's one group that clearly wouldn't want to see a ...
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Posted: August 16, 2017, 8:00 am

Truckers asked to name top concerns in trucking industry

The American Transportation Research Institute is looking to hear from trucking industry stakeholders about their top concerns as part of its annual Top Industry Issues Survey, commissioned by the American Trucking Associations. The survey asks industry ...
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Posted: August 16, 2017, 7:10 am

Trucking Industry Revenue Hit $676.2 Billion Last Year

American Trucking Associations' American Trucking Trends 2017 annual compendium of data on the trucking industry reveals that the trucking industry generated $676.2 billion in revenue last year, making up nearly 80% of the nation’s freight bill.
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Posted: August 15, 2017, 2:58 pm

Automotive Industry - BingNews

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Global automotive labels sales set to grow according to forecasts

The Global Automotive Labels Sales Market Research Report 2017 contains historic data that spans 2012 to 2016, and then continues to forecast to 2022. That makes this report so invaluable for the leaders as well as the new entrants in the Industry.
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Posted: August 23, 2017, 2:31 am

‘It’s easy to reduce everything down to cup holders’: What the automotive industry needs to know about women

Automotive brands can reduce everything down to cup holders and swatches on colour, but they really do not understand the female consumer, said Fiorella Di Santo, Bauer Media’s director of sales. “The car industry is overwhelmingly dominated by males ...
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Posted: August 22, 2017, 11:39 pm

Ex-UAW official freed on bond in auto industry scandal

Detroit – Former UAW labor executive Virdell King was released on $10,000 unsecured bond Tuesday, four days after being charged with conspiring to raid a training fund for blue-collar workers. King, 65, of Detroit made a brief appearance Tuesday in ...
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Posted: August 22, 2017, 10:34 pm

IoT Automotive Apps and How to Develop Them

That makes the automotive industry a lucrative market for an apptrepreneur to enter. What are some of the most popular automotive apps currently on the market? What are some specifics of custom car apps development? First off, let’s define the business ...
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Posted: August 22, 2017, 10:13 pm

Global Automotive Airbag Market, Industry Analysis, Trends and Forecast 2017 - 2022

The wood preservative coatings market in the region is projected to exhibit a CAGR of 4.9% in terms of volume over 2017–2027. Albany, NY -- (SBWIRE) -- 08/22/2017 -- This market research study analyzes the Automotive Airbag System Market on a global ...
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Posted: August 22, 2017, 9:58 pm

How To Keep Up With China's Rapidly Changing Automotive Industry

On a recent trip to China, I noticed heavy traffic on the elevated expressway from Shanghai to the Pudong Airport — which isn’t surprising: the official number of residents in the city of Shanghai is equal to the number of people living in all of ...
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Posted: August 22, 2017, 4:18 pm

Ross Auto Industry’s Remaining Channel to Trump

With the sudden demise of the Trump Admin.’s Manufacturing Council, which early on included both General Motors CEO Mary Barra and former Ford CEO Mark Fields, the nation’s auto industry is left without a clear, direct channel to the Oval Office except ...
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Posted: August 22, 2017, 11:43 am