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Bearish options traders targeting a leading oil and gas producer (Schaeffers Research)
Other than the constantly fluctuating price of crude oil, there has been little news on Valero Energy (VLO: sentiment, chart, options) recently...( Read More )

Options Traders Most Bullish on Canadian Dollar in 13 Months (Bloomberg)
Jan. 7 (Bloomberg) -- Options traders are the most bullish on the Canadian dollar in 13 months amid a rebound in commodity prices since the start of the year and as the U.S. appears to lapse into a prolonged recession.

Crude oil futures log their largest single-day drop in 7 years, as inventories surge higher (Schaeffers Research)
After starting the day in negative territory amid a dismal announcement from Alcoa Inc...( Read More )

Iran and Bahrain officials call for oil as weapon (AP via Yahoo! News)
An Iranian Revolutionary Guard commander is calling on Islamic countries to use oil as a weapon to end the fighting in Gaza, echoing a similar call days earlier by lawmakers in Bahrain.

Gold Seeker Closing Report: Gold and Silver Fall Almost 3% While Stocks, Dollar, and Oil Also Drop (GoldSeek.com)
Gold and silver remained near unchanged in Asia and London before they dropped as much as 3.38% and 4.82% to $835.55 and $10.87 by midmorning in New York and then cut into their losses a bit by early afternoon, but they subsequently fell back off in the last hour of trade and ended with losses of 2.84% and 2.85%.

Market Watch: Oil markets, economy become price indicators for corn (AG Weekly)
Corn closed the week on Dec. 12 at $.66 higher. The weekly export sales report showed net sales of 928,700 MT were 2-7/10th times the previous week and 2-3/10th the prior four-week average.

Linn Group Morning Corn Comment (Ag Report)
CHICAGO - Jan 8/09 - SNS -- Following is the morning corn futures comment from the futures commission brokerage firm Linn Group. The corn market opened lower and stayed lower all day, making new lows late in the trading session as crude oil sold off sharply.

Gaza conflict spurs sudden gas-price hikes (Clayton News Daily)
Less than a week into the new year, oil traders are concerned that the Israeli-Hamas conflict in Gaza could disrupt the flow of oil from the Middle East.

Calls to use oil as weapon in Gaza fight fall flat (AP via Yahoo! Philippines News)
The call to use oil as a weapon against Israel's friends once would have echoed in capitals across the Middle East and struck fear in the West's heart.

Some in Middle East urge producers to use oil as weapon in Gaza fight, but find no takers (Minneapolis-St. Paul Star Tribune)
DUBAI, United Arab Emirates - The call to use oil as a weapon against Israel's friends once would have echoed in capitals across the Middle East and struck fear in the West's heart. But even as the crisis in Gaza deepens, threats of an embargo by some officials in Iran and Bahrain are falling flat.