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The State of Sunshine (Free subscription) | 07/02/2008
... suggest we’re probably on the cusp of a recession,” said Scott Brown, chief economist for Raymond James Financial. … “The four or five largest oil producers in the world can’t produce as much as they did while they have every incentive to,” he said. “Russia is the largest oil producer in the world, and their production went down in 2007, and it’s down 10 percent in the first quarter...
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Deseret Morning News (Free subscription) | 06/28/2008
... dollar was slightly stronger, and when it gave up its gains, that gave oil the green light," said James Cordier, president of trading firms Liberty Trading Group and , both based in Tampa, Fla.Story continues belowThe market now believes the Federal Reserve is unlikely to raise interest rates in the near future; since higher rates tend to strengthen the dollar, traders are anticipating...
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adn.com: Business (Free subscription) | 06/28/2008
... dollar was slightly stronger, and when it gave up its gains, that gave oil the green light," said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and .The market now believes the Federal Reserve is unlikely to raise interest rates in the near future; since higher rates tend to strengthen the dollar, traders are anticipating that it will continue to...
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Forbes (Free subscription) | 06/28/2008
... "The dollar was slightly stronger, and when it gave up its gains, that gave oil the green light," James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com, told the Associated Press.Underlying the short-term dynamics with the and U.S. economy is the growing fundamental imbalance between supply and demand. Still, whether supply/demand...
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Miami Herald (Free subscription) | 06/26/2008
Oil futures were also rising as investors reassessed comments the Federal Reserve made Wednesday when it held a key interest rate unchanged. Many investors who had expected the Fed to raise interest rates in August now think a rate hike is unlikely until after the November election or next year, said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and...
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kansascity.com (Free subscription) | 06/26/2008
Oil futures were also rising as investors reassessed comments the Federal Reserve made Wednesday when it held a key interest rate unchanged. Many investors who had expected the Fed to raise interest rates in August now think a rate hike is unlikely until after the November election or next year, said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and...
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Seattle Times (Free subscription) | 06/26/2008
Oil futures were also rising as investors reassessed comments the Federal Reserve made Wednesday when it held a key interest rate unchanged. Many investors who had expected the Fed to raise interest rates in August now think a rate hike is unlikely until after the November election or next year, said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and...
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San Diego Union (Free subscription) | 06/20/2008
... to oil's recent run-up. “This could change the psychology of the market completely,” said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com. Lower demand in China “would be a major factor in driving prices down,” said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago. In San Diego County, the average price for unleaded...
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atHome Top Story (Free subscription) | 06/20/2008
... to oil's recent run-up."This could change the psychology of the market completely,'' said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com.Lower demand in China "would be a major factor in driving prices down," said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago.Also pressuring prices yesterday was Iraq's announcement.The...
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Edinburgh Evening News (Free subscription) | 06/20/2008
... which suffers regular fuel shortages.It is seen as a step in the right direction though, and James Cordier of Liberty Trading Group said the anticipated fall in demand from China could have a major effect on world oil markets."This could change the psychology of the market completely," he said.The news came as Royal Dutch Shell, one of the world leading oil companies, announced it...
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NDTV (Free subscription) | 06/20/2008
... to oil's recent run-up."This could change the psychology of the market completely," said James Cordier, president of Tampa, Florida-based trading firms Liberty Trading Group and OptionSellers.com.Lower demand in China "would be a major factor in driving prices down," said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago.Prices also were given a downward push by the Iraqi...
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LA Times (Free subscription) | 06/19/2008
... to reduce consumption. "This could change the psychology of the [global] market completely," James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com, told the Associated Press.China last raised retail fuel prices in November, by about 9%, and analysts and consumers had expected the government to lift prices again. However, most people...
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atHome Top Story (Free subscription) | 06/17/2008
... preceding options expiration. "That could be the cause of some of the volatility today," said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com.Saudi Arabia, the world's largest oil producer, told UN chief Ban Ki-moon over the weekend that it would boost oil output by 200,000 barrels a day, or by 2 per cent, from June to July....
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Denver Post (Free subscription) | 06/17/2008
... preceding options expiration. "That could be the cause of some of the volatility today," said James Cordier, president of Tampa, Fla.- based trading firms Liberty Trading Group and . Saudi Arabia, the world's largest oil producer, told U.N. chief Ban Ki-moon over the weekend it would boost oil output by 200,000 barrels a day, or 2 percent, from June to July. In May, the kingdom raised...
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Shariah Finance Watch (Free subscription) | 06/16/2008
... $137.12 a barrel. “We have a weaker U.S. dollar, and the buyers are out in force right now,” said James Cordier, president of Tampa, Fla.-based trading firms Liberty Trading Group and OptionSellers.com. Saudi Arabia, the world’s largest oil producer, told U.N. chief Ban Ki-moon over the weekend that it would boost output by 200,000 barrels a day, or by 2 percent, from June to July....
