Monday, December 23, 2024
Oil Prices

Will Weak Oil Prices Push Fed Back to Zero?

First Lift Off in the History of U.S. Monetary Policy (Editor’s Note: Art Hogan, Wunderlich Securities, Inc. Director of Research & Chief Market Strategist, offered the following commentary about the Fed’s move this week to raise interest rates.) Seven years ago, the Federal Open Market Committee made the historically unprecedented move of targeting the zero bound for the federal funds

Helix

Natural Gas Rig Count Reaches All-time Low, Reports Baker Hughes

There was no change to the United States running rig count in the latest weekly report conducted by Baker Hughes, leaving the overall number at 709 with just one report remaining in fiscal 2015. While the number did not change, there was a significant swing in the targets of operations. Seventeen gas-focused rigs were laid down within the week, which

Congress Passes U.S. Spending Bill to End Oil Export Ban

Story by Bloomberg Measure avoiding government shutdown goes to Obama for signing Democrats help Speaker Ryan overcome Republican opponents Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40-year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress through most of 2016. The Senate passed the bill 65-33 on