U.S. crude, or West Texas Intermediate, settled down 42 cents, at $ 43.46 a barrel, the lowest since March 2009. Brent oil slipped almost 50 cents to $ 53.50 a barrel. Brent last closed higher on March 11. Since then it has lost more than 7 percent, and traders believe Read More
Author: Dow Futures
* Housing starts fall to lowest levels in a year * American Airlines shares up; oil prices fall * Futures down: Dow 41 pts, S&P 4.5 pts, Nasdaq 1 pt (Adds market moves, commentary) By Sinead Carew March 17 (Reuters) – Dow Futures implied a lower open on Tuesday after a rally in the previous Read More
New York oil prices approached six-year lows Tuesday on worries over growing US stockpiles and after OPEC warned of a stubborn global supply glut, analysts said. US benchmark West Texas Intermediate (WTI) for April delivery slid to $ 42.63 a barrel — touching the lowest level since March 11, 2009. It later stood at $ Read More
* Futures down: Dow 49 pts, S&P 6.75 pts, Nasdaq 8.75 pts March 17 (Reuters) – Dow Futures were down on Tuesday after rallying on Monday ahead of a Federal Reserve meeting that investors are looking to for a guage on timing for an interest rate hike. * The Federal Open Market Committee is due Read More
Washington (AFP) – The US Commodity Futures Trading Commission on Monday slapped a $ 3 million fine on the ICE Futures US market for repeatedly reporting flawed data. The CFTC said that over at least a 20-month period, between October 2012 and May 2014, ICE US had filed inaccurate and incomplete reports and data every Read More
March 16 (Reuters) – U.S. derivatives regulators on Monday ordered a unit of Intercontinental Exchange to pay $ 3 million to settle civil charges that it submitted inaccurate and incomplete data reports over a 20-month period. The Commodity Futures Trading Commission said that ICE Futures U.S. Inc failed to correct the ongoing errors, even after Read More
LONDON (ShareCast) – US oil futures started the week on a very soft note, plumbing six-year lows despite what some observers described as a bullish report on Monday from the Organisation for Petroleum Exporting Countries (OPEC). As of 14:50 front month West Texas crude futures were lower by 3.28% to $ 43.38 per barrel on Read More
London (AFP) – New York oil prices sank to a six-year low on Monday, falling below $ 44 per barrel as the market was plagued by plentiful supplies and the strong dollar. In earlier deals, US benchmark West Texas Intermediate (WTI) for April delivery dived as low as $ 43.57 — hitting the lowest since Read More
* Empire State manufacturing data miss estimates * Euro hits fresh 12-year low, oil falls * Futures up: Dow 96 pts, S&P 12.25 pts, Nasdaq 22.25 pts (Adds market moves, commentary) By Sinead Carew March 16 (Reuters) – Dow Futures were up on Monday, putting the benchmark S&P 500 on track for a rebound after Read More
* Empire State manufacturing, housing data due * Euro hits fresh 12-year low, oil falls * Futures up: Dow 63 pts, S&P 8 pts, Nasdaq 15 pts March 16 (Reuters) – Dow Futures were up on Monday after three weeks of losses for the Dow and S&P as investors awaited the release of manufacturing and Read More