Search Results for: Brent
BNP Paribas ordered to pay $90 Million penalty; The reason?
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against BNP Paribas Securities Corp. (BNP Paribas or the Bank) for attempted manipulation of the ISDAFIX benchmark and requiring BNP Paribas to pay a $90 million ...
Individual and a Company fined in virtual currencies fraud
August 27th, 2018
A New York federal court entered final judgment ordering Patrick K. McDonnell of Staten Island, New York, and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), McDonnell’s New York-based company, to pay over $1.1 million in civil monetary penalties and ...
Oil prices dips on concerns of slowing economic growth
August 20th, 2018
Oil prices dipped on Monday as concerns over slowing economic growth weighed on markets. International Brent crude oil futures were at $71.78 per barrel at 0019 GMT, down 5 cents from their last close. U.S. West Texas Intermediate (WTI) ...
U.S. dollar rises against the dollar index basket of currencies; Asia markets fell on Thursday
August 2nd, 2018
Asia markets fell on Thursday, following an overnight mixed session in the U.S. as renewed trade concerns offset strong gains in tech. In Australia, the benchmark ASX 200 declined 0.24 percent as the materials subindex fell 1.29 percent. Major ...
Oil prices volatile as trade conflict between U.S. and China escalates
July 6th, 2018
Oil prices seesawed in nervous trading on Friday as the United States slapped a raft of tariffs on Chinese goods in an escalating trade war between the world’s two biggest economies. Oil prices initially fell on Friday, along with ...
Oil prices edge up as U.S. supply tightens
July 4th, 2018
Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies the United States. Prices were also pushed up by looming U.S. ...
Oil, the petrodollar, and the next emerging market crisis
June 21st, 2018
Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because ...
Oil prices fell; Oil traders are closely watching a threat by China
June 19th, 2018
Oil prices fell nearly one percent on Tuesday as an escalating trade dispute between the United States and China triggered sharp selloffs in many global markets. Crude was also weighed down by expectations that producer cartel OPEC and key ...
Asian stocks rose on Wednesday, S&P 500 dipped, Euro gained
June 6th, 2018
Asian stocks rose on Wednesday after tech sector strength lifted Wall Street shares while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs. MSCI’s broadest index of ...
Oil prices rebounded on Tuesday on expected stockpile drop
June 5th, 2018
Oil prices rebounded on Tuesday after falling in the previous session on expectations that inventories in the United States may decline but increasing U.S. production and concerns that OPEC may raise output continue to weigh on sentiment. Brent crude ...
