Search Results for: NYMEX
Oil Prices Fall to Fresh Lows
January 13th, 2015
Global Benchmark Brent Is 17% Lower for the Year The global oil benchmark settled below $50 a barrel for the first time in nearly six years Monday after Goldman Sachs Group Inc. slashed its forecasts, saying lower prices are ...
Oil-Product Prices Fall as Supplies Climb
January 8th, 2015
U.S. Inventory Data Confirm the Market Is Still Oversupplied Prices at the gas pump are heading even lower. Gasoline futures fell to nearly a six-year low on Wednesday after U.S. government data showed oil and fuel supplies rising to ...
Oil moves higher to trim year-end losses
January 2nd, 2015
New York-traded crude-oil futures managed to recoup some losses in electronic trade early Friday, though rival Brent North Sea crude saw only a modest gain. Benchmark West Texas Intermediate crude futures for February CLG5, +0.99% improved by 58 cents, ...
When do markets close on New Year’s Eve?
December 31st, 2014
Virtually all major markets around the world will be shut on New Year’s Day, but U.S. stock traders can forget about popping any early afternoon corks on New Year’s Eve. Both the New York Stock Exchange and Nasdaq will ...
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. ...
A taxing problem: How traders are playing year end selling
December 15th, 2014
As the year comes to a close and investors square up their portfolios, many may look to sell out of losing positions for tax purposes. That could mean further weakness for beaten-down assets in the short-term, but may also ...
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 ...
Former Amaranth star fined over gas trades
September 16th, 2014
Brian Hunter, the natural gas trader whose large bets helped precipitate the $6bn collapse of Amaranth, the hedge fund, has agreed to pay $750,000 to settle attempted market manipulation charges. The CFTC sued Mr Hunter and Amaranth in 2007, ...
Oil jumps to nearly $104 as Ukraine crisis spirals
July 18th, 2014
The price of oil continued to climb on Friday, reaching nearly $104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies. Benchmark U.S. crude for August delivery was up 51 ...
Oil halts slide on renewed turmoil in Libya
July 15th, 2014
The price of oil paused Tuesday after tumbling last week as a deteriorating security situation in Libya raised questions over the restoration of exports following an agreement between the government and a regional militia. Prices fell sharply last week ...
