Tag: Dow

Gas Prices Continuing to Decline

You might want to fuel up for a holiday road trip because the era of cheap oil is back. The price for a barrel of crude is now at a new four and a half year low – right around 69 dollars a barrel in midday trading and on track for its biggest one day drop since May 2011. Driving the slide – OPEC nations including Iraq, Venezuela and Saudi Arabia choosing not to cut oil production despite the market free-fall in recent months. Plunging crude prices meanwhile, hammering energy stocks, especially oil drillers and production names like Halliburton and diamond offshore. Two Dow stocks to watch – chevron and Exxon Mobile, those shaving a combined 60 points off the Dow Jones industrial average midday. Baurer says: “the honeymoon with oil is over and we really need to wait and see. I would tell you that anything over 70 is going to be met with sellers. But over the next week or two I think we settle in. I think we do trade lower, but no spike down lower. But it’s not all bad news for investors – transport stocks like JetBlue, southwest and united continental are surging with eight stocks in the Dow transports hitting all-time highs. For more, check out the fox business channel finder on...

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Farmers having persistent problem with drift

MINNEAPOLIS (AP) — The cloud of insecticide that drifted from a neighbor’s corn field onto the asparagus on Andrew and Melissa Dunham’s central Iowa farm cast a shadow over their organic vegetable business. They say the costs from the incident and resulting loss of organic certification on their asparagus patch for three years will reach about $74,000, and they’re now working with the sprayer’s insurance company. “We’re a certified organic farm — except for our asparagus,” Melissa Dunham lamented. Pesticide drift is a serious concern for organic farmers and they’ve come up with several defenses, such as buffer strips....

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