Commodity markets
Mixed reception to oversight efforts
Attempts by the US Senate to grant the CFTC greater market oversight have met with a mixed response, writes David Watkins
Crude price surges past $95
Crude oil futures closed at a new record high Wednesday, driven by U.S. crude inventories dropping to the lowest level in two years and a falling dollar following the Federal Reserve’s rate cut.
ETCs go multi-currency on the London Stock Exchange
ETF Securities has launched multi-currency versions of its most popular exchange traded commodities (ETCs) on the London Stock Exchange (LSE). The launch will give UK investors the chance to buy shares in the selected ETCs in UK sterling as well as US…
Crude oil sets new price record
Crude oil futures closed at a new record high Monday, driven by tight fundamentals, geopolitical tensions and a production setback in Mexico.
New price record for crude
Crude oil futures closed at a new record high Friday, driven by tight fundamentals and geopolitical tensions.
CFTC pushes for greater oversight
The Commodities Futures Trading Commission (CFTC) has issued a report to Congress recommending that its oversight ability be expanded across electronic trading facilities known as Exempt Commercial Markets (ECMs), which include the electronic…
CFTC: record levels of crime in energy markets
Daily news headlines
CFTC: record levels of crime in energy markets
The past five years have seen unprecedented levels of misconduct in the US energy markets, according to the Commodity Futures Trading Commission, which regulates the sector.
Bid to close Enron loophole
Legislation aimed at preventing price manipulation and excessive speculation in energy markets has been introduced to the US Senate, writes David Watkins
Range of 29 forward commodity ETFs to be listed on LSE
Twenty-nine new exchange-traded funds (ETFs) tracking the forward prices of a variety of commodities and commodity baskets are due to list on the London Stock Exchange (LSE) in the next four weeks.
Bid to close Enron loophole
Legislation aimed at preventing price manipulation and excessive speculation in energy markets has been introduced to the US Senate
Whither the benchmark?
Benchmarks
Rocks and hard places
Despite the environmental, political and infrastructure challenges faced by US coal, some believe high-sulphur grades could soon be back in fashion. David Watkins investigates
ETF round-up
News
Sub-prime hits energy
The fallout from the US sub-prime mortgage meltdown is complicating seasonal uncertainties for energy markets. David Watkins reports
Indexchange launches new commodity ETF to trade on Xetra
German-based ETF specialist Indexchange Investment has launched the Dow Jones AIG Commodity Swap ETF on the XTF segment on Deutsche Börse’s Xetra.
US Futures Exchange to launch weekly binary options
The Chicago-based US Futures Exchange (USFE) will offer weekly binary options, each with nine or more strikes, to let investors take positions on the performance of five assets - crude oil, gasoline, gold, silver and the euro. The contracts are valued at…
White House pushes for futures fees
The Bush administration has asked the US House of Representatives to approve a proposed transaction fee on futures and options contracts.
ETF Securities launches six new oil ETCs
ETF Securities (ETFS) has launched six new oil Exchange Traded Commodities (ETCs) on the London Stock Exchange (LSE), offering direct exposure to one, two and three-year oil futures prices in Brent and WTI oil benchmarks.