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Stock impact report

Crude Oil Extends Slide As Russia Talks Of Easing OPEC Supply Curbs [Investor's Business Daily]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Crude oil futures declined for a third day in New York after Russia's energy minister reiterated that OPEC and its partners will discuss phasing out supply curbs when they meet next month. West Texas Intermediate futures slipped 1.2%, extending their pullback from the three-year high reached on Tuesday. Russia and the Organization of Petroleum Exporting Countries will discuss whether it's appropriate to scale back output cuts, Energy Minister Alexander Novak said in St. Petersburg, adding that Russia has a common position with Saudi Arabia that any decision will be guided by market conditions. Speculation is swirling over whether OPEC and its allies will ease output curbs aimed at shrinking a global glut, and pump more to fill any potential supply gaps stemming from renewed U.S. sanctions on Iran and economic turmoil in Venezuela. "OPEC will decide to offset any further losses of supply," said Carsten Fritsch, an analyst at Commerzbank in Frankfurt. "We will get constant talk about th Show less Read more
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