MARKET WATCH: Unexpected inventory decline boosts crude oil price

The new front-month contract for benchmark US crude oil rebound by 1.5% Mar. 21 in the New York market following a government report of an unexpected draw last week from commercial inventories.

Natural gas rose 1.1%, “buoyed by technical buying,” said analysts in the Houston office of Raymond James & Associates Inc. However, crude, gas, and broader market prices declined in early trading Mar. 22, “bogged down by weak economic data out of China,” they said.

James Zhang at Standard New York Securities Inc., the Standard Bank Group, said, “The oil market was mixed again with West Texas Intermediate making some gains while Brent was little changed. Oil products were softer in general with reformulated stock for oxygenate blending (RBOB) gasoline faring better than the rest of the complex. The front-end of the Brent structure actually strengthened as refining margins in both northwest Europe and the Mediterranean improved substantially so far this week. The margin improvement was led by a strong gasoline crack, a softer dated Brent market, and very weak Urals price differentials in both regions.”

Ronnie Wood to sell Holmwood House for £13 million

Ronnie Wood, guitarist and bassist of British rock's best known as a member of the Rolling Stones, and his wife bought a mansion called Jo Holmwood House to € 2 million in 1997. His ex-wife Jo, who has been successful with its line of organic beauty products, has established this old mansion for sale for £ 13 million. The Gothic-style house is situated on the edge of Richmond Park in south-west London.

TIPS ETFs as an Inflation Hedge

1. Early April was also around the time my company's ATAC (Accelerated Time And Capital) models we use for managing client accounts signaled that it was a better time to buy bonds than stocks, as we sold off the bulk of our equity positions and
2. Other ETFs for this asset class include PIMCO 1-5 Year TIPS (NYSEArca: STPZ), SPDR Barclays Capital TIPS (NYSEArca: IPE) and Schwab US TIPS (NYSEArca: SCHP). Koesterich said TIPS are his favorite inflation fighters, trailed by commodities, cash,
3. Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Barclays Capital TIPS ETF (AMEX: IPE) where we have detected an approximate $53.4 million dollar inflow — that's a
4. The June natural gas contract rose 2.2¢ to $2.49/MMbtu on NYMEX. On the US spot market, however, gas at Henry Hub, La., slipped 2.8¢ to $2.34/MMbtu. In London, the June IPE contract for North Sea Brent dropped 47¢ to $112.73/bbl.
5. This is the time when silent Milan lives up to a total other dimension, and tiny private apartments in the city center get rented out for 600-800 euros a day, with bath tubs becoming additional dormitories. Hotels as far as to up to Switzerland until