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SATURDAY, DECEMBER 26, 2009
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NEWS ABOUT: NYMEX

NYMEX stories: 3 news summaries

 Oil Falls Below $97 
 on Mild Ike Damage 

Better than expected storm drops crude $4.39

Sep 15, 08 7:14 AM CDT

Oil Falls Below $97 on Mild Ike Damage

Better than expected storm drops crude $4.39

(AP) - Oil prices fell below $97 a barrel today, after Hurricane Ike inflicted minimal damage to oil installations on the Texas coast. Light, sweet crude for October delivery declined $4.39 to $96.79 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe, after finishing... More »

MORE ABOUT:
$100 a barrel oil • commodities exchange • NYMEX • oil futures • oil prices

 Small Cadre
 of Speculators
 Control Oil

81% of NYMEX contracts held by a few firms, one holds 11%

Aug 21, 08 10:48 AM CDT

Small Cadre of Speculators Control Oil

81% of NYMEX contracts held by a few firms, one holds 11%

(Newser) - A surprisingly small group of investors and oil traders control the vast majority of the world’s oil contracts, and they are exerting tremendous influence over the market, reports the Washington Post. Regulators have found that a few financial firms speculating for themselves or their clients hold 81% of... More »

MORE ABOUT:
oil • John Dingell • NYMEX • speculators • oil prices

Feds Outline New, Tougher Credit Rules

Paulson pushes stricter standards for mortgage lenders

Mar 13, 08 6:51 AM CDT

Feds Outline New, Tougher Credit Rules

Paulson pushes stricter standards for mortgage lenders

(Newser) - A panel led by Treasury Secretary Henry Paulson is seeking a major overhaul of rules affecting mortgage lenders and a credit market decimated by risky subprime loans and loose oversight, the Wall Street Journal reports. Among panel recommendations to be released today:
  • Strengthen mortgage lender and broker oversight
  • Establish
... More »

MORE ABOUT:
Federal Reserve • Dow Jones • subprime mortgages • Henry Paulson • Fannie Mae • mortgage backed securities • subprime crisis • NYMEX

3 Stories


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