Topic: New York Mercantile Exchange

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  • Spain dithers: Stocks fall, borrowing costs rise

    Stock markets fall as investors grow nervous about Spain's delay in asking for a bailout. Spain's bond yields rise, but bond auctions generate strong response.

  • Oil prices plunge after last week's bump

    Oil prices bobbed above $97 per barrel and then retreated on Tuesday, a day after prices unexpectedly took a plunge. The drop in oil prices erased the gains made last week when the Federal Reserve unveiled new steps to boost the US economy.

  • Fed stimulus sends stocks soaring to 4-year high (+video)

    US stocks rallied after news that the Federal Reserve will spend $40 billion a month to buy mortgage securities. Nearly four stocks rose for every one falling, and the Dow closed at its highest level since December 2007.

  • German backing of ESM bailout fund lifts oil futures

    Oil futures rose nearer to $98 a barrel Wednesday after a German court ruling favored an ESM (European Stability Mechanism) bailout fund for deeply indebted eurozone countries. The ruling means that the ESM can come into force by the end of this year.

  • Energy Voices The real reason behind oil price rises

    In an interview, energy economist James Hamilton reveals how demand for oil keeps outstripping production, even with new shale oil supply coming from the United States.

  • ECB bond-buying boosts markets in early trading

    European Central Bank's bond-buying plan continued to lift financial markets on Friday ahead of key US jobs data. European Central Bank president Mario Draghi unveiled a plan Thursday to to buy unlimited amounts of short-term bonds from euro countries that request help.

  • Gas prices rise as Isaac throttles the Gulf

    Gas prices are expected to jump 10 cents Monday to $3.008 per gallon. The rise in gas prices comes as Tropical Storm Isaac churns its way through the Gulf of Mexico.

  • Stock futures nudged higher by possible ECB deal

    Stock futures in the US edged higher Tuesday morning on hopes that the European Central Bank will work out a deal to help Spain and Italy borrow at cheaper rates. Stock futures on the Dow rose 0.2 percent to 13,255.

  • Oil prices hit three-month high. US eyes oil reserves.

    Oil prices jump to $96 a barrel, the highest level since May, on improved prospects for the economy. Obama administration says tapping strategic oil reserve is an option.

  • Spain bailout? Market worries eased by ECB comments.

    Spain bailout concerns have rattled markets in recent days. But stock markets rose after the European Central Bank hinted that it could intervene to lower the nation's borrowing costs, reducing the potential for a full-blown Spain bailout.