Oil futures rise
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Prices on futures contracts for oil have plunged below $90 over the past week on a bevy of positive headlines. In the physical market, buyers are paying as much as $286 per barrel.
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US stock futures edged higher on Friday as investors headed into the final session of the week hoping the worst of the Middle East shock may be passing, even if the market is not yet prepared to trade as though the crisis is over.
Stock-market futures were down Sunday evening, suggesting investors were bracing for a sharp drop in major indexes after weekend talks between the U.S. and Iran failed to open the Strait of Hormuz and led President Donald Trump to announce a blockade of the crucial waterway.
Coinbase Global (NASDAQ:COIN | COIN Price Prediction) stock picked up a revised price target from Piper Sandler on Wednesday, with the firm lifting its target to $180 from $150 while keeping a Neutral rating intact.
Stock futures edged higher Thursday, a day after the benchmark S&P 500 and tech-heavy Nasdaq Composite both set new intraday and closing records.
The Commodity Futures Trading Commission has launched an investigation into a series of suspiciously well-timed trades in the oil futures market, people familiar with the matter told Bloomberg. The derivatives regulator is leading a probe into the trading of oil futures contracts on CME Group (CME) and Intercontinental Exchange (ICE) platforms,
Six weeks into the Iran war, crude oil markets are experiencing one of their worst-ever disruptions, triggered by the near-closure of the Strait of Hormuz. Hundreds of ships are bottled up in the Persian Gulf,