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New York Mercantile Exchange › (NYMEX:LO.J12.9750P)


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Today's Financial News

UN atomic agency chief: probe results of whether Iran worked on nukes not clear-cut

2 days ago

VIENNA (AP) — The U.N. atomic energy agency is preparing to wrap up a more than a decade-long probe of alleged nuclear weapons work by Iran, but its report will stop short of delivering a judgment on whether the suspicions are valid, the agency's chief said Thursday. The issue has dominated IAEA meetings, contributed to U.N. Security Council resolutions against Iran and is now playing a role in determining whether sanctions against Tehran will be lifted under a nuclear deal that is expected to be implemented early next year.

Global stock markets buoyed by European stimulus hopes as Russia-Turkey jitters fade

2 days ago

LONDON (AP) — With Wall Street closed for the Thanksgiving holiday and tensions between Russia and Turkey fading, European stock markets were buoyed Thursday by expectations that the European Central Bank will back further stimulus for the ailing 19-country eurozone economy next week. In Europe, the FTSE 100 index of leading British shares closed up 0.9 percent at 6,393.13 while Germany's DAX rose 1.4 percent to 11,320.77. The CAC-40 in France ended 1.1 percent higher at 4,946.02.

Russia looks to punish Turkey for downing warplane by cutting economic ties, investments

2 days ago

MOSCOW (AP) — Russia plans to retaliate against Turkey for the downing of a warplane by imposing sanctions, cutting economic ties and scrapping major investment projects. On Thursday, Russian Prime Minister Dmitry Medvedev ordered his government to also draft sanctions against Turkey within two days in response to what he described as an "act of aggression against our country."

Is Portugal about to go down the same road as Greece? Europe and investors keep watch

2 days ago

LISBON, Portugal (AP) — An anti-austerity alliance including radical leftist parties takes power. A shaky economy and huge debts menace the national economy. The rest of Europe watches with a wary eye. Sound familiar? It's not Greece, but another eurozone country: Portugal. A nation that just months ago was hailed as an example of how to follow through with budget austerity measures has become a new source of concern in Europe.

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