Thursday, January 07, 2010

Crude climbs for a 10th straight day - longest streak since 1996

SHOOT: This is very disconcerting news, but then 2009 was a smokescreen for energy. Demand was dampened, but the energy conundrum has never gone away. Now imagine a recession that includes higher energy prices...that keep on increasing.
clipped from

Jan. 6 (Bloomberg) -- Metals rose for a fourth day and oil
and natural gas rallied amid icy weather across the Northern
Hemisphere. Crude climbed for a 10th straight day, its longest
streak since 1996. Treasuries fell as some Federal Reserve
policy makers said more economic stimulus might be needed.

Copper advanced to the highest price since August 2008 and
aluminum jumped to 15-month high. Natural gas climbed 6.6
percent and crude rallied to a 14-month high above $83 a barrel.
The yen slid against all 16 of its most-traded counterparts. The
10-year Treasury yield added six basis points to 3.82 percent.
The dollar weakened against 13 of 16 major currencies at 4:52
p.m. in New York.

The U.S. may suffer its worst winter in 25 years, said The freeze threatened orange crops in Florida
and triggered a rally energy prices, while snow in China spurred
concern aluminum production may be disrupted.
The cold weather is increasing demand for fuel and
sending energy prices up
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