Fmxconnect - fmxconnect.com
General Information:
Latest News:
Natural Gas Price-Fixing Suits Revived by Appeals Court 11 Apr 2013 | 07:13 pm
Duke Energy Corp. (DUK), CMS Energy Corp. (CMS), American Electric Power Co. (AEP) and other energy companies must face antitrust lawsuits by natural gas buyers alleging they manipulated prices during...
Republicans Seize What They See as Keystone Momentum 11 Apr 2013 | 07:10 pm
House Republicans said President Barack Obama is taking too long to decide on the Keystone XL pipeline as they defended a bill that again seeks to force a decision on one of the nation’s most-politica...
IEA Cuts Oil-Demand Forecast Because of European Demand 11 Apr 2013 | 06:58 pm
The International Energy Agency reduced its forecasts for global oil demand in 2013 for a third consecutive month and predicted the weakest consumption in Europe since the 1980s. The IEA reduced its e...
WTI Halts Three-Day Gain as IEA Cuts Oil Demand Forecast 11 Apr 2013 | 06:49 pm
West Texas Intermediate halted a three-day advance as the International Energy Agency lowered its forecast for oil demand and U.S. crude inventories climbed to a 22-year high. Futures were little chan...
Iran Says Nuclear Plan Can’t Be Slowed as Facilities Open 9 Apr 2013 | 06:34 pm
Iran, celebrating its annual National Nuclear Technology Day amid pressure to curb its program, said it opened a uranium processing facility in the central Yazd province. The complex is designed to pr...
Killing Keystone Seen as Risking More Oil Spills by Rail 9 Apr 2013 | 06:15 pm
A rejection of the Keystone XL pipeline by President Barack Obama would push more of Canada’s $73 billion oil exports onto trains, which register almost three times more spills than pipelines. The Mar...
WTI Crude Rises for Second Day; Goldman Forecast Changes 9 Apr 2013 | 06:11 pm
West Texas Intermediate rose for a second day after China reported inflation eased more than forecast last month. U.S. crude stockpiles probably increased to the highest level in 22 years, a Bloomberg...
Technical Report 8 Apr 2013 | 07:05 pm
MAY WHEAT Resist: 700 1/4-705, 710 1/2* ST Trend: Down (699) Supprt: 677 1/2, 664-659, 648 Obj: 655- TRP: 710.50 Comment: Despite last week’s rebound, the market retains a bear trend alignment and sig...
Friday Afternoon Oil Recap 8 Apr 2013 | 06:53 pm
Energy futures continued its tumble today as buyers refused to see much value at current levels in light of the poor government payroll report that fell far-short of expectations. Buyers attempted t...
Morning Technical Analysis- Oil is Bearish 28 Feb 2013 | 07:33 pm
APR CRUDE OIL Resist: 9320-21, 9420+/-, 9509-22 ST Trend: Down (9286) Supprt: 9190?, 9040- Obj: None TRP: 96.15 Comment: The market is bearish, slipping under weekly support and suggesting further dec...
