A mild open likely for the U.S stocks Wednesday as key stock index futures were down in the morning. Investor attention has moved to political and economic uncertainties across the globe.
The United States will become the world's leading oil exporter by annual output this year.
Higher opening likely for the U.S markets Monday after most U.S. stock index futures moved up in the morning, on the back of hopes of an imminent trade deal between the U.S. and China.
Mixed open likely for the U.S markets Friday as stock futures are relatively flat. At 2:35 a.m. ET, Dow futures rose just 7 points, hinting a flat open. Both S&P 500 and Nasdaq futures were barely above the flat line.
A lower open likely for the U.S markets Friday. This follows the slump in top U.S. stock index futures apparently by the weaker than expected U.S retail data.
The surge in U.S. stock index futures indicates a higher open for the market on Wednesday.
The prevailing uncertainty in the oil market abetted by OPEC production cuts, the U.S. sanctions on Venezuela oil and other factors can snowball into an energy crunch and impact oil price, warned an industry expert.
The U. S markets may open lower Friday as indicated by the slide in top U.S. stock index futures. Dow Jones Industrial Average futures fell 70 points at around 4:00 a.m. ET, indicating a negative open of more than 75 points. Futures on the S&P 500 and Nasdaq Composite were also downbeat.
A lower start is likely for U.S markets as major U.S. stock index futures were slightly down Thursday morning as investor-attention moved to corporate earnings and trade issues.
The U.S markets may have a lower opening Tuesday. This was indicated by a slight drop in the U.S. stock index futures. Dow futures slipped 24 points at around 3:20 a.m. ET, hinting negative open of more than 22 points. Both S&P and Nasdaq futures were also tad down.
Trends indicate a slower start to the U.S markets on Monday. At around 3:00 a.m. ET, Dow Jones Industrial Average futures slipped 15 points hinting a negative open of more than 36 points. Futures of the S&P and Nasdaq were also slightly downbeat.
The oil market’s two-year bull run is running into one of its biggest tests in months, facing a tidal wave of supply and growing worries about economic weakness sapping demand worldwide.
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document showed.
Iran’s crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from U.S. sanctions and throwing a challenge to other OPEC oil producers as they seek to cover the shortfall.
Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand.
With oil prices hitting fresh four-year highs, long-dormant proposals to allow the United States to sue OPEC nations are getting a fresh look in Congress, though they were once considered a long shot to becoming law.
Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as Trump seeks to impose fresh sanctions on Iranian oil sales.
Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November, but gains were limited by higher supply from OPEC and the United States.
Washington is pushing allies to cut imports of Iranian oil to zero and will impose a new round of sanctions on Iranian oil sales in November.
The move came after major consumers warned of a supply shortage.
The Organization of the Petroleum Exporting Countries meets on Friday to decide output policy amid calls from top consumers such as the United States, China and India to cool down oil prices.
Last month, Iranian oil minister Bijan Zanganeh asked OPEC to support it against new U.S. sanctions and signaled Tehran disagreed with Saudi Arabia's views on the possible need to increase global oil supplies.