Futures News Oil 

Houston has overtaken Cushing as the US’s most important oil hub

“Oil gushing from Texas and exported through the Gulf Coast has put a premium on oil in Houston, as opposed to oil located inland” writes Oilprice Com for businessinsider.com. Scott Olson/Getty Houston is emerging as one of the great oil hubs in the world, and pretty soon it will be outfitted with an oil futures contract, which could cement its position.The ICE Permian WTI futures contract will provide price discovery, settlement and delivery at Magellan Midstream Partners, L.P.’s terminal in East Houston, ICE said.But the explosion of production from the…

Read More
Futures News Oil 

Oil under pressure as traders eye inventory levels

“Oil futures lost ground Thursday, unable to completely shake off a rise in U.S. crude inventories and a pickup in output by major oil producers” writes Deputy Markets Editor for marketwatch.com. September Brent crude futures LCOU8, +0.67% the global benchmark, fell 77 cents, or 1.1%, to $72.13 a barrel on ICE Europe.Producers from the Organization of the Petroleum Exporting Countries and non-OPEC producers cut oil output in June by 20% more than agreed levels, compared with 47% in May, Reuters reported Wednesday.Oil futures on Wednesday shook off data that showed…

Read More
Futures News Reviews 

Futures Daily Review July 19, 2018

Futures Daily Review for July 19, 2018 EUR futures: deeper pullback on the cards In light of preliminary figures for EUR futures markets from CME Group, investors added near 1.5K contracts to their open interest positions on Tuesda   U.S. oil futures finish higher for a second straight session U.S. oil prices finished with a gain on Wednesday, reversing earlier losses that were fed by a surprise climb in U.S. crude inventories and record wee   Have a nice trading! Share This:

Read More
Futures News 

US futures suggest a negative open as earnings season continues

“U.S. stock index futures pointed to a negative open on Thursday, as investors tracked further earnings results and monitored political events” writes Silvia Amaro for cnbc.com. ET, Dow futures fell 38 points, indicating a negative open of 55.29 points.Regarding trade, the White House signaled it is also expecting an offer from Europe for a free trade deal.The season has been positive for U.S. traders, who are on track for their best year since 2011, Reuters reported.The Nasdaq and the S&P 500 futures also indicated a downbeat start to their respective…

Read More
Futures News Stocks 

Stock futures at five-month highs ahead of Powell testimony, earnings

“Twitter , the third-biggest gainer on the S&P 500 this year, fell 0.8 percent after Macquaire downgraded the stock to “neutral” on valuation concerns” reports businessinsider.com. Traders work on the floor of the NYSE in New York Thomson Reuters By Amy Caren Daniel (Reuters) – U.S. stock index futures hovered at five-month highs on Wednesday ahead of a slew of earnings, with a strong quarterly report from Morgan Stanley helping reaffirm a bullish outlook for the earnings season. Source: businessinsider.com Share This:

Read More
Futures Markets News Stocks 

U.S. stock futures fight for direction with Powell, Morgan Stanley earnings ahead

“Check out: IBM earnings: Security is growing fast, but is it enough money to matter?” writes Markets Reporter for marketwatch.com. Futures for the Dow Jones Industrial Average YMU8, +0.07%  was up 5 points at 25,111, while those for the S&P 500 index ESU8, +0.04%  fell 0.30 point to 2,811.Meanwhile, the corporate earnings season was set to continue at full speed, with results from Morgan Stanley and Abbott Laboratories on deck ahead of the market’s open.U.S. stock futures struggled for direction on Wednesday, setting the major indexes up for rangebound action,…

Read More
Futures News Reviews 

Futures Daily Review July 17, 2018

Futures Daily Review for July 17, 2018 EUR futures: room for a tick higher According to advanced figures of EUR futures markets from CME Group, investors added around 1K contracts to their open interest positions on Friday fr   Crude Oil Futures Plunge as Trump Considers SPR Release – US Market Open Crude Oil Futures Plunge as Trump Considers SPR Release – US Market Open   U.S. oil futures mark lowest finish in more than 3 weeks U.S. oil prices finished sharply lower on Monday, at their lowest in more…

Read More
Crypto Futures Markets News 

Bitcoin rallies by 5% as BlackRock reportedly weighs crypto venture

“Read: The SEC created a fake ICO website to show just how easy it is to scam investors Bitcoin has dragged altcoins, alternative coins to bitcoin, higher” writes Aaron Hankin for marketwatch.com. Bitcoin futures have outperformed.The Cboe July bitcoin futures contract XBTN8, +7.47% finished Monday up 7.2% at $6,670, while the CME July contract BTCN8, +8.03% closed up 8.3% at $6,675.The news pushed the price of bitcoin BTCUSD, -0.06%  above $6,500, trading to an intraday high of $6,698.35.Cryptocurrencies are in the midst of a tough run, with bitcoin, the worlds…

Read More
Crypto Futures Markets News 

Bitcoin adds 4% as BlackRock reportedly mulling crypto venture

“Cryptocurrencies are in the midst of a tough run, with bitcoin, the worlds largest digital currency, down more than 50% year to date as it grapples with widespread adoption” writes Aaron Hankin for marketwatch.com. Bitcoin began the week on the front foot, climbing as much as 4% as it was learned that the world’s largest asset manager is reportedly considering a push into the digital currency market.The Cboe July bitcoin futures contract XBTN8, +6.99% is up 6.7% at $6,604.50, while the CME July contract BTCN8, +7.38% is up 7.1% at…

Read More