Speculators in four major NYMEX and ICE markets cut 35,323 contracts, changing their bets from a bullish 30,626 net longs in the week to May 17 to a bearish 4,695 net shorts in the week to May 24, the U.S. Commodity Futures Trading Commission said on Friday. Before April, the market was net short for 66 weeks in a row from December 2014 through the end of March 2016 as... » Read More
*Saudi Arabia to propose OPEC cuts output by 1 mln bpd- report. Singapore, Dec 3- Crude futures rose around 2 percent on Thursday after a report suggested that Saudi Arabia would propose a deal to balance oil markets, signaling the OPEC kingpin was willing to compromise after a rout that has more than halved prices since June 2014. Saudi Arabia, which has so far...
*OPEC expected to keep policy steady at Friday meeting. NEW YORK, Dec 2- Oil prices tumbled more than 4 percent on Wednesday as surging U.S. stockpiles and a rallying dollar prompted traders to dump crude contracts amid signs the world's largest oil producers will not cut production when they meet this week. Brent futures approached new lows since March 2009, with...
Fed worried about being behind curve?
NEW YORK, Dec 2- U.S. crude oil stocks rose for the tenth straight week last week as imports increased, while gasoline and distillate inventories also moved higher as refinery runs jumped, data from the Energy Information Administration showed on Wednesday. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures rose 428,000 barrels, EIA said.
*Gold retreats after gaining 1 pct in the last two sessions. LONDON, Dec 2- Gold fell more than 1 percent on Wednesday, snapping two days of gains, as the dollar rose against the euro ahead of expected further stimulus from the European Central Bank on Thursday and U.S. payrolls data later in the week. U.S. gold futures for February delivery were down $8.90 an ounce at...
*Yahoo shares rise after reports of sale of core unit. Dec 2- U.S. stock index futures were little changed on Wednesday as investors held off on taking big positions ahead of Federal Reserve Chair Janet Yellen's speech. Yellen will speak before the Economic Club of Washington at 12:25 p.m. ET.
The S&P 500 is within spitting distance of its all-time high, but one technician says lack of stock participation could lead to a massive sell-off.
Dec 2- U.S. stock index futures were little changed on Wednesday as investors held off on taking big positions ahead of Federal Reserve Chair Janet Yellen's speech. *Yellen will speak before the Economic Club of Washington at 12:25 p.m. ET. *She also testifies on the economic outlook before a joint committee of Congress on Thursday.
LONDON, Dec 2- Chicago soybean futures rose to a five-week high on Wednesday as the market extended a rebound from last month's multi-year low while wheat prices were little changed and corn eased slightly. Chicago Board of Trade January soybeans had climbed 0.2 percent to $8.91 a bushel by 1135 GMT, after rising earlier in the session to a five-week high of $8.92...
It's been exactly one year since OPEC announced it was not cutting production. So far, they have stuck to their word.
There's a big ECB meeting this week. Is there more pain ahead for the euro? With CNBC's Jackie DeAngelis and the Futures Now Traders.
Stephen Schork discusses what could send oil even lower with Jackie Deangelis.
More pain in 2016 for oil? Crude's next move, with Stephen Schork, The Schork Report, CNBC's Jackie DeAngelis and the Futures Now traders.
Technician Jonathan Krinsky of MKM Partners explains why even seeing new highs for the S&P 500 won't make him bullish.
It's the first trading day of the month. Should traders look for a year-end rally? With Jonathan Krinsky, MKM Partners, CNBC's Jackie DeAngelis and the Futures Now traders
The Futures Now team discusses whether oil prices will continue to fall in 2016.
Everyone knows December is one of the strongest months for stocks, but sector performance varies during the holiday season.
The Futures Now team discuss where oil could be headed ahead of a crucial OPEC meeting.
Of the 10 Cyber Monday promotions since 2005, the major department stores have all traded down at least 9 of the 10 sessions.
The Futures Now team discusses whether the strength of the dollar will persist.
The national average gas price is at a 10-year low, and Americans shouldn't expect to pay much more this summer, GasBuddy's CEO said.
Crude oil prices dipped on Friday, but the two-month trend upwards is seen continuing by oil expert Amrita Sen.
Goldman Sachs warned on Friday that benchmark iron ore prices could slump further due to a growing supply surplus.