Crude oil prices were under pressure after Mario Draghi magic seemed too eased off. Oh, sure, after Mario Draghi said he was disappointed with growth and the lack of inflation, oil got a bounce. Yet, when Asian and European stocks gave up the gains, oil prices falter until a headline came out about those Chinese Military ships that are moving off of the coast of Alaska.
U.S. index futures rose, while the dollar pared gains and Treasuries trimmed losses after data showed the cost of living fell by the most in six years before the Federal Reserve’s policy decision. European stocks fell with oil and the ruble reversed a decline.
The U.S. and the European Union blame Russia for fomenting unrest in Ukraine’s easternmost, largely Russian-speaking regions and have threatened wider sanctions to target Russia’s economy unless Putin helps ease tensions.