Futures Down in Pre Market Trading

Sunday, October 11, 2009

Oil futures are falling 3 percent in pre market Globex trading, after yesterday`s rallyn, as U.S. stock futures pointed to a lower opening on NYSE.

Crude oil for April delivery fell 1.2 dollars, or 3 percent, to 44.2 a barrel on Globex.

Traders are disappointed with the lack of new stimulus packages from China officials and are selling oil and other risky assets like the australian dollar and stocks.

Oil Traders Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.

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