Crude Tanks, Rumors Ensue

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Go back to Crude Tanks, Rumors Ensue

SPR Release Rumor Also Contributing to Crude Decline

September 17, 2012 2:15 PM EDT

Another reason for the sharp drop in crude are market rumors of a imminent SPR release. Crude is down over 4 percent.

Related ETF: United States Oil (NYSE: USO) down 3.6%... More

Coene Says ECB Unlikely to Conduct Outright Bond Purchases; Markets React

September 17, 2012 2:04 PM EDT

Crude and gold appears to be moving lower in reaction to headlines from ECB member Luc Coene that it is "very unlikely" that the central bank will engage in outright bond purchases.

Related ETFs (NYSE: GLD) (NYSE: USO).... More

Dollar Ramps, Oil and Gold Sinks

September 17, 2012 1:59 PM EDT

The dollar is jumping higher. Meanwhile, oil and gold is crashing lower.

Related ETFs: (NYSE: USO) (NYSE: GLD)... More