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.

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