Futures Markets News Oil 

Oil prices rebound on hints of stabilization in markets

“Oil market investors were also turning their attention to the outcome of a two-day meeting of the U.S. Federal Reserve that is due to end on Wednesday” reports cnbc.com. Global benchmark Brent crude futures rose 0.4 percent, or 23 cents, at $56.49 per barrel.Oil prices rebounded on Wednesday after falling for the past three sessions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilize.China’s Shanghai crude futures fell 5.8 percent to trade at 389.4…

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Boeing sees Indian carriers ordering up to 2,300 planes over two decades

“Boeing expects single-aisle planes, such as its 737 MAX, to account for 84 percent of global planemakers’ new jet deliveries to India from 2018-2037, higher than the global average” reports businessinsider.com. “India sees dramatic fares and discounts and that is going to hurt airlines more and more,” Dinesh Keskar, senior vice president, Asia Pacific and India sales at Boeing Commercial Airplanes, told reporters on Wednesday.India is one of the world’s fastest-growing aviation markets, with domestic passenger traffic growing at around 20 percent in recent years, and Boeing expects it to…

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Asia braces for Fed as plunge in oil boosts bonds

“So far, the futures market is sticking with a two-in-three chance of a rate increase on Wednesday” writes Midwest Communications Inc for 95kqds.com. “Despite recent market volatility we think that it is still more likely than not that the Fed will raise rates,” said ANZ senior economist Tom Kenny.Investors rushed into bonds, with the largest ever one-month rotation into fixed-income assets, while cutting equities. Source: 95kqds.com Share This:

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Plunging oil prices pull energy stocks lower, erasing gains

“On Tuesday, the Energy Information Administration said U.S. shale oil production will keep climbing in January, and the Wall Street Journal reported that oil production in Russia reached a record high in December” writes Marley Jay for seattletimes.com. NEW YORK (AP) — U.S. stocks are broadly lower Tuesday afternoon, and energy companies are falling after the price of crude oil plunged another 7 percent.The companies have taken huge losses this year as rising mortgage rates and prices have reduced home sales.Higher rates can slow economic growth, something investors are already…

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Oil sinks 5% to 15-month low as US and Russian output rises

“The roughly two dozen producers began limiting their output last year in order to drain a global crude glut” reports etfdailynews.com. Brent crude, the international benchmark for oil prices, tumbled to a 14-month low below $57 a barrel.Oil prices plunged more than 5 percent to a 15-month low on Tuesday as the United States and Russia continue to pump at record levels even as analysts warn that signs of faltering demand are emerging. Source: etfdailynews.com Share This:

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Brit Held In Bali Over ‘Tiny’ Amount Of Cannabis Oil Appeals For Help As He Could Face Death Penalty

“The 45-year-old claims he was caught with around three grams of medicinal THC oil, which he says he uses to treat arthritis” writes unknown author for huffingtonpost.com. A British man who could face the death penalty in Indonesia if convicted following drug smuggling allegations has admitted he has been “very stupid”.The father-of-two, from Cornwall, is accused of receiving almost 31kg of cannabis oil in the mail.The south east Asian country has strict drug laws and dozens of convicted smugglers are on death row. Source: huffingtonpost.com Share This:

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Oil Daily Review December 18, 2018

Oil Daily Review for December 18, 2018 Oil futures end lower, with U.S. prices at their lowest in over a year Oil drops, with U.S. prices below $50 to mark their lowest settlement in over a year Oil futures decline Monday, with U.S. prices below $50 and marki   EIA forecasts U.S. shale oil output to climb by 134,000 barrels a day in January Oil drops, with U.S. prices below $50 to mark their lowest settlement in over a year Oil futures decline Monday, with U.S. prices below $50 and…

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European markets falter as oil prices plummet and U.S. interest rate hikes loom

“European markets were mostly in the red on Tuesday, as crude oil prices plummeted to new lows and investors remained jittery over an expected U.S. interest rate hike” writes Emily Horton for marketwatch.com. Energy stocks were also hit, the National Grid PLC NG., -6.10%  declined by 4%. Source: marketwatch.com Share This:

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