Oil has found new life after reports showed that oil supply could actually fall. The Energy Information Administration destroyed that myth after it reported that U.S. crude supply fell by 5.6 million barrels.
The biggest banks are employing the fewest commodity traders, salespeople and analysts in at least four years as tighter regulations and the second drop in prices since 2001 spur cutbacks.
With the ECB signaling there could be more policy easing in the future, the market reacted by breaking the Euro currency future’s win streak and sending prices lower by 0.70%. Use an options spread to set up a trade with a great risk vs. reward ratio.
Three Wall Street trade groups say the CFTC's policy governing overseas trades is lacking in several areas.