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Rollercoaster commodities stay in focus for Wall Street

Posted on 10 December 2015

U.S. stock index futures pointed to a softer open on Wednesday after two days of intense volatility in oil markets, which have rocked commodity and mining stocks and added to the anxiety ahead of the Fed’s meeting next week. Oil could again be volatile, particularly with 10:30 a.m. ET release of petroleum inventory data expected from the Energy Information Administration.
Other data due for release includes wholesale inventories numbers for October due at 10:00 a.m. ET. The Treasury auctions $21 billion in reopened 10-year notes at 1 p.m. ET. Oil prices rose on Wednesday after American Petroleum Institute data, released after Tuesday’s market close, showed a surprise drawdown in supply, offering the market support amid an ongoing supply glut………………………………………..Full Article: Source


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