The 5 Minute Guide To Gasoline ETFs

In 1859, the first oil well was dug by Edwin Drake. Drake distilled the petroleum to make kerosene for lighting, discarding the other byproducts. More than 20 years later, with the invention of the automobile, gasoline was recognized as a valuable source of fuel. By 1920, more than 9 million gas-powered vehicles were on the road [for more gasoline news and analysis subscribe to our free newsletter].

Posted in Commodity Futures | Tagged , , | 4 Comments

Daily Commodity Roundup: Wheat Surges On Crop Issues, Cattle Tumbles On Demand Fears

American markets started the day on a high note only to finish the much closer to the breakeven level as traders digested testimony from Fed Chairman Ben Bernanke. In his report, the Chairman suggested that another round of stimulative measures wasn’t completely out of the question and that more ‘untested’ methods may be used to bring the economic growth rate back up. Utilities were one of the losers on the day while traders continued to push into the basic materials and services sector as strong prices for natural resources and hopes for more easing carried the riskier sectors higher on the day.

Posted in Commodity Futures, Daily Commodity Roundup, Exclusive, Livestock, Wheat | Tagged , , | Leave a comment
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