News of the switch for the 60,000 barrel-per-day pipeline has already sharply narrowed the discount for WTI delivered at Midland to that at Cushing, the delivery point for the benchmark U.S. crude futures contract.» Read More
CRUDE OIL FUTURES FALL $1 PER BARREL ON EXPECTED INCREASE IN CUSHING INVENTORY.
*Russia aid convoy crossed border without OK, Ukraine says. NEW YORK, Aug 22- U.S. stock index futures were slightly lower on Friday, after the latest flare of tensions between Ukraine and Russia and ahead of a speech by Federal Reserve Chair Janet Yellen.
*Libya loads second cargo at largest port Es Sider. LONDON, Aug 22- Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful supplies continued to pressure prices. "We've reached a stage where the market is looking to stabilise a bit," said Ole Hansen, senior commodity strategist at Saxo Bank.
*U.S. crude futures for October delivery fell 6 cents to trade at $93.90 a barrel as of 0004 GMT. *An Iraqi Kurdish crude oil tanker has reappeared off the coast of Israel having offloaded its cargo, ship tracking data on Reuters showed, in the latest sign the autonomous region is finding buyers for its oil in defiance of Baghdad.
Weak data on China's factory output weighed on oil prices early. NEW YORK, Aug 21- U.S. and Brent crude futures rose on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.
Robert Shiller says stocks, bonds and real estate all look expensive. So what's an investor to do?
If everything's expensive, what's an investor -especially someone on a time crunch, like a worker looking to retire - to do? The Nobel laureate explains.
Robert Shiller is famous for determining when markets are in bubbles. Here's why U.S. equities look like they're in a bubble now.
On CNBC this week, Jeremy Siegel said Robert Shiller's famous CAPE valuation measure is giving a false reading right now. Shiller explains why he disagrees.
Gold is folding right here. The Futures Now team take a look at what's next for gold as the precious metal hits a two-month low.
What's the next step for oil as crude hits fresh 7-month highs? The Futures Now traders provide their money-making plays.
Yale University's Robert Shiller says stocks are too expensive, and provides his take on Jeremy Siegel's bullish call on the markets. Companies are in cost-cutting mode that will ultimately hurt them. And the Futures Now crew share their thoughts on Shiller's call.
NEW YORK, Aug 21- U.S. and Brent crude futures rose on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.
The Futures Now team discusses the action in the U.S. Dollar Index.
*Jackson Hole conference to begin. *Bank of America gains before expected settlement deal. NEW YORK, Aug 21- U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming.
TOKYO, Aug 21- New front month U.S. crude futures inched up towards $94 in early Thursday trade as a bigger than expected drop in petroleum stockpiles outweighed news of increased supplies.
The Futures Now team discusses the action in crude and gas prices.
CRUDE FUTURES EXTEND GAINS ON AFTER EIA SAYS TOTAL U.S.
*Lowe's Cos falls in premarket after cutting outlook. *Hertz tumbles after withdrawing forecast. *Lowe's Companies lost 3.1 percent to $49.91 before the opening bell after the world's No. 2 home improvement products retailer posted better-than-expected second quarter results but cut its full-year sales forecast.
China is letting U.S. firms play a bigger role in the industry in exchange for their U.S. expertise, says Oilprice.com.
Food prices are high, but for the $100 watermelons and pumpkins Tony Dighera grows, demand is outstripping supply.
Analysts are weighing up the many factors that have been causing the commodity gold to trade in a tight range in recent months.