Search Results for: ICE Futures
OPEC’s El-Badri Says $200 Oil Possible With Lack of Spending
January 26th, 2015
OPEC’s secretary-general said oil prices as high as $200 a barrel are possible if producers fail to invest in new supply. Crude futures pared losses in London and New York. “If you don’t invest in oil and gas, you will see more ...
Intercontinental Exchange Launches Clearing for Additional Sovereign CDS Instruments
January 7th, 2015
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced that ICE Clear Credit and ICE Clear Europe are introducing credit default swap (CDS) clearing for additional sovereign single names, beginning today. ICE Clear Credit ...
FCA to regulate seven additional financial benchmarks
December 30th, 2014
The Financial Conduct Authority (FCA) will regulate seven additional major UK-based financial benchmarks in the fixed income, commodity and currency markets from 1 April 2015. This extends the FCA’s initial regulation of LIBOR (the London Interbank Offered Rate), as ...
Oil plumbs depths as OPEC refuses to blink
December 16th, 2014
A modest rebound by oil futures gave way to fresh selling Monday, clearing the way for a new round of lows after the Organization of the Petroleum Exporting Countries offered no indication it’s ready to blink and cut production. ...
Oil Extends Drop Below $60 as Producers Tussle for Market Share
December 12th, 2014
Oil extended losses below $60 a barrel amid speculation that OPEC’s biggest members will defend market share against U.S. shale producers. Brent also slid after closing at the lowest price since July 2009. West Texas Intermediate futures fell as ...
OPEC’s Easy Days Setting Oil Production Are Over, Veteran Says; You Need Russia, Norway, Mexico
November 24th, 2014
The days when OPEC members could all but guarantee consensus when deciding production levels for oil are long gone, according to a veteran of almost two decades of the group’s meetings. The global glut of crude, which has contributed ...
Cheap-Oil Era Tilts Geopolitical Power to U.S.
November 20th, 2014
A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while enhancing the power of others. Some changes already are evident. Surging U.S. oil production enabled America ...
Brent Oil Drops Before OPEC Meeting, Iran Nuclear Talks
November 18th, 2014
Brent crude dropped for a second day as investors weighed the possibility that OPEC will reduce output next week, or that talks over Iranâs nuclear program could result in an agreement. West Texas Intermediate was little changed in New ...
Oil Rises After Chinese GDP Surprises at 7.3% in Q3
October 21st, 2014
West Texas Intermediate and Brent crudes advanced after Chinese economic growth exceeded analysts’ estimates, signaling stronger fuel demand in the world’s second-biggest oil consuming country. Futures rose as much as 1.5 percent in New York and 1.2 percent in ...
Commodities Suffer at Hands of Fed
September 19th, 2014
Commodities dropped to the lowest level in more than five years after the Federal Reserve raised its outlook for interest rates, bolstering the dollar and reducing the appeal of raw materials as a store of value. The Bloomberg Commodity ...
