Futures in New York rebounded somewhat on Friday but still ended the week down 6.6 percent.
Texas Money Hits Canada Oil Patch Corner
Texas money is flowing into a small corner of Canada’s oil sands at a time when big international companies are pulling out.
Nothing To Commend Gold But Fear
Gold is still without support from its main allies, silver and oil.Mining stocks also remain in a malaise, which isn’t helping the metal.A dollar index reversal would divert safe-haven demand into gold.
Crude Oil Ends May with a Thud
The July WTI and August Brent contracts each lost more than $3 Friday.West Texas Intermediate (WTI) crude oil for July delivery plunged again Friday, losing $3.09 to settle at $53.50. The WTI traded within a range from $53.10 to $56.61.The August Brent contract also fell sharply Friday, declining $3.34 to...