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FEATURE: Narrowing Brent-WTI spread causing concern to refiners, Alaska
Platts
The narrowing of the ICE Brent-NYMEX light crude (WTI) contract spread has become a cause for concern for refiners and states dependent on crude oil production for revenue, according to a survey of US refiners and trading sources. The Brent-WTI spread …
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Market Realist (blog) |
WTI-Brent spread closed last week at narrowest point since 4Q11
Market Realist (blog)
On Friday, the spread closed to its narrowest level since December 2011. From a long-term perspective, the spread remains relatively wide, as historically the two crudes had traded at par. When the spread was trading at ~$20/barrel many market …
UPDATE 8-Brent oil closes higher after late gainsReuters
Brent Crude Rises on Syria as WTI Spread WidensBloomberg
WTI Crude Drops a Second Day; Goldman Sees Brent Gap NarrowingBusinessweek
Peninsula On-line -Wall Street Journal
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New York Times |
Southern Europe’s Recession Threatens to Spread North
New York Times
Germany and the other 26 countries of the European Union together represent the world’s second-largest economy and as a bloc it is the single largest United States trading partner. The further delay in Europe’s recovery that a German recession would …
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AUD/USD targets lows of nine-month trading range
City Index
April 23, 2013 – AUD/USD (daily chart) has once again made its way towards its 1.0150 support target, which is the lower border of the 1.0150-1.0600 trading range that has been in place for the past nine months. Currently entrenched in an intra-range …
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Economic Times |
ECB Keeps Rates Steady
Wall Street Journal
He also admitted that the economic slowdown has now spread to countries that had not, to date, been affected by the “fragmentation” of the euro zone’s financial market–the term the ECB gives to the process of capital flight from countries deemed to be …
Kuroda no Template for DraghiCity Index
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Telegraph.co.uk |
Financier who ran £32m fraud ordered to pay back £1
Telegraph.co.uk
… spending fortunes on spread betting, and had an insatiable taste for luxury. The married father of three used his network of contacts and solid reputation to win the trust of investors before transferring the funds between accounts in financial …
He tricked some of Britain’s most successful businessmen including Stagecoach …Daily Mail
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Traders Magazine |
SEC OKs Payments on Nasdaq for Making Markets in ETFs
Traders Magazine
“Market makers will compete with one another to capture that revenue stream and drive the bid-ask spread to a tighter band.” Nasdaq sought last year to limit the arrangements to ETFs with average daily trading of fewer than 2 million shares and …
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Euro rises on hope for Cyprus crisis resolution
MarketWatch
Investors appear to be betting that the Cyprus crisis will be resolved before the European Central Bank withdraws emergency liquidity on Monday and that the situation won’t spread to other peripheral euro-zone countries that could seek financial …
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Gasoline Futures Advance on Speculation Supplies Fell Last Week
Bloomberg
Gasoline for April delivery rose 7.12 cents to settle at $3.1163 a gallon on the New York Mercantile Exchange on trading volume that was 21 percent above the 100-day average for the time of day. The May crack spread versus Brent crude on ICE Futures …
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Cypriot parliament vote no ahead of the UK budget and FOMC announcement
City Index
Of its 56 members, 36 voted no, with the remaining 20 abstaining from the vote with rumours following that the Cypriot finance minister had tendered his resignation. Cypriot banks …. *Spread betting and CFD trading are exempt from UK stamp duty …
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