CRUDE OIL

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US futures point to flat opening

Futures on major U.S. indices point to flat opening on Monday as the European Union’s 85 billion euro ($113 billion) financial assistance package for Ireland failed to boost investor sentiment.

CRUDE OIL- Strategy more fundamental than technical

Crude in recent years
Performance of the US dollar, Europe's periphery issues, inflation in developing world, consumption by developed ones, and of late, tensions in Korean peninsula- a lot of things are weighing on oil. The net result in recent weeks was positive for the greenback and therefore negative for oil. Still, the commodity is set to end this week with a positive note despite losing more than a dollar from its intra-week high by Friday. So, what is the trend? Where is oil heading?

OIL OUTLOOK: How long will it stay ranged? Will it rise above $100?

Nymex WTI futures performance versus USD index - OPEC data
Dollar, Korea, Ireland, Asian demand, inventories and technicals - a lot of things are weighing on oil now. But market participants find the question if the commodity has reached its bottom technically and on robust demand in some regions, or will a dollar rally or geopolitical developments force it break below the current range, tough to answer.
Traders work on the floor of the New York Stock Exchange

US futures extend gains after jobs data

Futures on major U.S. stock indices extended earlier gains on Wednesday after the Department of Labor reported that weekly jobless claims fell sharply last week to the lowest level since July 2008.
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Traders work on the floor of the New York Stock Exchange

US futures decline as Korean crisis weighs

Futures on major U.S. stock indices point to lower opening on Tuesday after North Korea shelled a South Korean island, triggering worries that the lingering tensions between the countries could worsen.
Traders work on the floor of the New York Stock Exchange

US stocks fall in early trade

S&P 500 Index slid 5.63 points, or 0.49 percent, to trade at 1,190.71 at 09:50 a.m. EST. The Dow Jones Industrial Average is down 44.77 points, or 0.40 percent, to trade at 11,136.46. The Nasdaq Composite Index fell 0.44 percent to trade at 2,503.47.
Traders work on the floor of the New York Stock Exchange

US stocks sharply higher in early trade; GM up almost 9 pct

S&P 500 Index gained 13.19 points, or 1.18 percent, to trade at 1,192.55 at 09:50 a.m. EDT. The Dow Jones Industrial Average is up 122.79 points, or 1.12 percent, to trade at 11,130.67. The Nasdaq Composite Index rose 1.29 percent to trade at 2,508.13.
Traders work on the floor of the New York Stock Exchange

U.S. stock futures gain, GM eyed

Futures on the S&P 500 gained 11.80 points to 1,189.30, futures on the Dow Jones Industrial Average are up 87.00 points to 11,082.00 and Nasdaq100 futures are up 25.50 points to 2,122.50.
Traders work on the floor of the New York Stock Exchange

US stocks fluctuate in early trade

S&P 500 Index edged up 0.68 points, or 0.06 percent, to trade at 1,179.73 at 09:53 a.m. EDT. The Dow Jones Industrial Average fell 8.47 points, or 0.08 percent, to trade at 11,015.03. The Nasdaq Composite Index gained 0.24 percent.
Traders work on the floor of the New York Stock Exchange

US stock futures extend modest gains

Futures on the S&P 500 gained 3.50 points, futures on the Dow Jones Industrial Average are up 23 points and Nasdaq100 futures are up 7 points.
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US stocks fall on overseas concerns, economic data

S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.
Traders work on the floor of the New York Stock Exchange

US futures down ahead of economic data

Futures on major U.S. stock indices point to lower opening on Tuesday, with futures on the S&P 500 down 0.59 percent, futures on the Dow Jones Industrial Average down 0.54 percent and Nasdaq100 futures down 0.75 percent.
Traders work on the floor of the New York Stock Exchange

US futures decline on Cisco outlook

Futures on major U.S. indices point to a lower opening on Thursday as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
Traders work on the floor of the New York Stock Exchange

US futures decline, Cisco plunges in premarket

Futures on major U.S. indices point to a lower opening on Thursday. Futures on the S&P 500 are down 0.38 percent, futures on the Dow Jones Industrial Average are down 0.27 percent and Nasdaq100 futures are down 0.66 percent.
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Oil slips awaiting bank tests, eyeing storm

Oil prices slipped back from an 11-week high above $79 on Friday, falling on uncertainty over European bank stress test results even as companies began shutting in Gulf of Mexico production ahead of a tropical storm. The dollar's strength against the euro and a basket of currencies .DXY also added pressure.
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Global stocks, euro rise on earnings and data

Global stocks rose on Thursday and the euro strengthened, backed by upbeat corporate results, better-than-expected U.S. housing data, and an improvement in European manufacturing and services activity. Expectations before the release of European banks' stress test results appeared to show an easing of concerns as the region's bank stocks ranked among the best performers.
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Oil eating bacteria helps clean China oil spill

China's experiment with oil eating bacteria to help clean oil spill areas in its northeast coast near Dalian city was proved to be a success, said country's Maritime Safety Administration. It's the first time that China is making use of bio-technology and bio-oil-absorbing products to solve an environmental pollution issue.
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Oil jumps over $77 as U.S. stock market opens up

Oil jumped more than $1 on Monday, lifted above $77 per barrel by equities markets after U.S. stocks opened higher on Wall Street. The move, supported by early signs of improving oil demand, put oil on track to break three straight days of lower settlements on concerns about slowing economic recovery and gloomy consumer sentiment.
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BP shares rise after crude leak stopped

U.S.-listed shares of BP Plc jumped 7.6 percent on Thursday after a company executive said no oil was leaking from its blown-out well into the Gulf of Mexico for the first time since late April.

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