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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: oil futures

oil futures stories: 6 news summaries

 Feds Consider Limits on 
 Oil, Energy Speculation 

Commodity Commission to hold hearings on 'purely financial' energy futures trading

Jul 7, 09 2:54 PM CDT
(Newser) - Federal regulators may impose new limits on the amount of energy-futures contracts that speculators can buy, the New York Times reports, an attempt to curb severe price fluctuations in commodities like oil and natural gas. Oil prices swung from $145 per barrel last summer to $33 in December, movement some... More »

MORE ABOUT:
investors • natural gas • Commodity Futures Trading Commission • commodities • commodities exchange • speculation • oil futures • oil prices • commodity prices • Gary Gensler

Rogue Trader Shocks
Oil Market

Crude hits highest
level in a year on unauthorized trades

Jul 3, 09 7:20 AM CDT
(Newser) - On Tuesday, the price of oil spiked unexpectedly to its highest level in 2009—a barrel of crude jumped from $71 to $73.50 in just one hour, for no apparent reason. Yesterday the reason became clear: a rogue broker in London with PVM, the world's largest petroleum brokerage, had... More »

MORE ABOUT:
oil • petroleum • oil price • crude oil • rogue trader • oil futures

MARKETS

Dow Dips 81 on Autos, Building 

Several wireless and financial firms fall after downgrades

Jan 5, 09 3:20 PM CST
(Newser) - Stocks fell today as the markets digested poor, but better-than-forecast, reports in auto sales and construction spending, the Wall Street Journal reports. Though the Dow rose to an 8-week high Friday, it fell 81.80 today to close at 8,952.89. The Nasdaq lost 4.18, closing at 1,... More »

MORE ABOUT:
energy • Verizon • Dow Jones • Nasdaq • auto industry • wireless service • wireless industry • S&P 500 • AT&T • oil futures • oil prices

MARKETS

 Poor Day Ends Horrible Week 

Dow off 312, but bears show some restraint

Oct 24, 08 3:23 PM CDT
(Newser) - US stocks declined today but stopped somewhat short of total free fall after global markets plunged close to 10%. With perhaps a buffer from news of a bump in existing US home sales, the Dow fell 312.30 to close at 8,378.95, MarketWatch reports. The Nasdaq dropped 51.... More »

MORE ABOUT:
Federal Reserve • Dow Jones • Nasdaq • federal funds rate • S&P 500 • interest rate cut • oil futures • oil prices • financial crisis • stock futures

 Oil Falls Below $97 
 on Mild Ike Damage 

Better than expected storm drops crude $4.39

Sep 15, 08 7:14 AM CDT
(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

 Feds Hunt for Scams
 in Crude Oil Trading 

Speculators may be driving up crude by manipulation

May 30, 08 7:55 AM CDT
(Newser) - Federal regulators are investigating whether rocketing oil prices are being driven up by speculators manipulating futures markets, reports the Wall Street Journal. The nationwide probe involves several separate investigations. Authorities suspect that a widely used price reporting system may be artificially influenced and that some oil storage facilities may be... More »

MORE ABOUT:
insider trading • futures market • gas prices • oil price • Commodity Futures Trading Commission • New York Mercantile Exchange • Financial Services Authority • jet fuel • Bart Chilton • oil industry • Platts • McGraw-Hill • oil futures • Intercontintental Exchange

6 Stories


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