Oil fell for the third time in four days after U.S. employers added fewer jobs than expected, damping the economic outlook in the biggest crude consumer, and Iran agreed to resume talks over its nuclear program. Futures slid as much as 1.2 percent after climbing 1.8 percent on April 5. The U.S. created 120,000 jobs in March, the smallest increase in five months, a Labor Department report showed April 6. The median estimate in a Bloomberg survey of economists was for an increase of 205,000. International negotiations with Iran’s government are scheduled to start this week, easing concern that supplies may be disrupted by the dispute over the Persian Gulf nation’s nuclear program.
Sunday, April 8, 2012
Crude Oil Declines on Economic Outlook; Brent Slides
Oil fell for the third time in four days after U.S. employers added fewer jobs than expected, damping the economic outlook in the biggest crude consumer, and Iran agreed to resume talks over its nuclear program. Futures slid as much as 1.2 percent after climbing 1.8 percent on April 5. The U.S. created 120,000 jobs in March, the smallest increase in five months, a Labor Department report showed April 6. The median estimate in a Bloomberg survey of economists was for an increase of 205,000. International negotiations with Iran’s government are scheduled to start this week, easing concern that supplies may be disrupted by the dispute over the Persian Gulf nation’s nuclear program.
JPMorgan Trader Iksil Fuels Prop-Trading Debate With Bets
JPMorgan Chase & Co. (JPM) trader Bruno Iksil’s outsized bets in credit derivatives are drawing attention to a little-known division that invests the company’s reserves and fueling a debate over whether banks are taking excessive risks with federally insured and subsidized money.
95.9 million corn acres - Report bullish for soybeans, bearish for corn
The U.S. Department of Agriculture last week surprised many ag observers by estimating that farmers intended to plant 95.9 million acres in corn in 2012, well above the expected 94 million acres. According to the USDA, that's the most corn acres since 1937.
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