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Oil's Gain on Global Market Rebound Curbed by U.S. Shale Threat [Bloomberg Business News]

CME GROUP (CME)  More Company Research Source: Bloomberg Business News
Last cme group earnings: 4/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
PDF U.S. shale-oil production to rise by 110k b/d in March: EIA Benchmark WTI advances second day after 9.6% loss last week The silhouette of an electric oil pump jack is seen near a flare at night in the oil fields surrounding Midland, Texas, U.S. Photographer: Luke Sharrett/Bloomberg The prospect of a U.S. shale resurgence is keeping oil from being fully swept up in a wave of relief spreading across risk assets. Crude’s gains have lagged behind those in stocks as markets start to stabilize after a global rout spurred a near 10 percent slump in oil last week. Futures in New York are up 0.6 percent on Tuesday after nudging up 0.2 percent in the previous session, when U.S. equities rallied over 1 percent. Forecasts for rising American inventories and higher shale supplies are fueling concerns that oil’s re-balancing may be derailed. Still, the rebound in global markets from the se [Read more]

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