Breaking News Instant updates and real-time market news.

05:30
10/03/16
10/03
05:30
10/03/16
05:30

Energy Action:

Energy Action: Oil prices are at three months highs and the front end Nymex future managed to clear USD 48 per barrel, as investors continue to assess the impact of last week's OPEC agreement to freeze production levels later this year. Still, Iran's news agency IRNA reported that the country wants to raise exports to 2.35 million barrels per day in coming months, from currently 2.2 million. The November Nymex future is currently trading at USD 48.64 per barrel and regardless of whether or not OPEC output is actually reduced, the freeze agreement will likely be enough to put a floor under prices for the time being, though gains are expected to be limited to the $50/bbl area.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.