Israelis Killed in Bulgaria Blast as Netanyahu Blames Iran - Bloomberg

Israelis Killed In Bulgaria Blast As Netanyahu Blames IranBy Elizabeth Konstantinova and Calev Ben-David - Jul 18, 2012 1:43 PM MTFacebook ShareLinkedInGoogle +15 COMMENTSPrintQUEUEQSix people were…


Why Are Oil Markets So Short Sighted?

Other than the occasional headline, the Iran embargo is a distant memory.  And oil markets seemed to forget that an increasing oil reserve is a direct result of preparing for such an embargo.  Just…


Dollar Up, While Commodities are Getting Smoked

The dollar is having a strong day, while the equities market drifts lower, and big commodities are getting smoked. Silver and crude oil are noticeably lower. by Harvey Sax

Chart of the day: Rolling 3-Month Correlation Between Oil & S&P500

Over the past few years the correlation between oil (especialy WTI Crude Oil) and the S&P500 has been remarkably consistent with an average of about 0.75 (scale from -1 to 1).  However, over the…


XOIL Tries to Be Spot-On Spot

  Global X launched a new equity ETF on Tuesday (3/15/11) that attempts to achieve high correlation to crude oil spot prices. Global X Oil Equities ETF (XOIL) provides exposure to pure-play oil…