Oil hits highs and pulls back.

March 11, 2010 | Comments Off

Crude oil prices cruised to their highest level of 2010 Wednesday (March 10) morning, before quickly reversing, as speculators consider new data on the level of crude supplies released by the Energy Information Administration. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Pound down against dollar, Euro in trouble

March 1, 2010 | Comments Off

The British Pound has dipped below $1.52, currently (February 26) trading at below $1.5. This is the lowest level for the British currency against the dollar since mid-May 2009. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Oil prices climb after Bernanke speaks of low interest rates

February 24, 2010 | Comments Off

The dollar has been firming up in the last several weeks, thanks in large part to growing expectations of a tighter monetary policy leading to higher interest rates.  Federal Reserve Chairman Ben Bernanke tried to reassure Americans and quash some of those assumptions with his comments to Congress about the economy Wednesday (February 24). Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Gold prices soar past $1,100

February 18, 2010 | Comments Off

Gold prices have been on the rebound in the last two weeks after touching a near-term low at price on February 5th of $1,052.25. With a current (February 17) gold spot rate of $1,114.70 per ounce, the commodity has increased in worth by over $60 in 12 days. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Dollar gains on January retail report but economic concerns grow

February 12, 2010 | Comments Off

The US Commerce Department reported Friday (February 12) morning that January retail sales grew by .5 per cent, which was higher than the .3 per cent forecasted by analysts. Wal-Mart and other big department stores were seen as the major catalyst for the growth, which suggests a more conventional increase in consumer spending on retail purchases. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Dollar gains against major currencies, commodities

January 27, 2010 | Comments Off

The dollar has grown stronger to start this week, gaining ground against most major currencies and commodities, the Japanese yen, being the prominent exception. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Gas prices falling in line with oil prices

January 22, 2010 | Comments Off

While declining oil prices over the last week have not necessarily caught the attention of consumers as much as they have speculators and impacted businesses, falling gas prices have. Friday (January 22) marked the seventh consecutive day of falling fuel prices with the current national average at $2.73, according to Wright Express and the Oil Price Information Service. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Oil falls below $79 on strong dollar

January 15, 2010 | Comments Off

As the dollar has rebounded from some recently disappointing jobs news, it has pushed back against recent gains in oil prices and gold prices. A barrel of oil fell below $79 in Friday (January 15) morning trade on the New York Mercantile Exchange. Read more

Posted by livewire admin | Filed Under LiveWire Features and Articles 

Next Page »