Oil Jumps As Global Glut Ends
Crude oil is trading just below a 20-day high following a report from the International Energy Agency that said global inventories are falling and demand is on the upswing.
Unleaded gas and heating oil also gapped open and unleaded gas is continuing to move higher.
Pork bellies gapped open and are trading at a five-month high and lean hogs are moving up as well.
Coffee continues to move higher on dry weather reports from Brazil. The December contract is trading at a 20-day high.
Here are the highlights around noon Eastern time:
Stock Index and Bond Futures•December T-bonds [USZ9>USZ9]: -6/32 to 114 9/32
• December S&Ps [SPZ9>SPZ9]: -13.20 to 1370.0
• December Dow futures [DJZ9>DJZ9]: -117 to 10,655
• December NASDAQ 100 futures [NDZ9>NDZ9]: -36.00 to 2772.00
Currencies
•December dollar index futures [DXZ9>DXZ9]: -.12 to 100.12
•December Japanese yen futures [JYZ9>JYZ9]: +.0018 to .9576
•December Swiss francs [SFZ9>SFZ9]: +.0013 to .6492
•December British pounds [BPZ9>BPZ9]: +.0016 to 1.6212
Energies•December crude [CLZ9>CLZ9]: +.36 to 23.63
•December unleaded gas [HUZ9>HUZ9]: +.0080 to .6585
•December heating oil [HOZ9>HOZ9]: +.0057 to .6180
•December natural gas [NGZ9>NGZ9]: -.055 to 2.610
Metals•December gold [GCZ9>GCZ9]: +1.9 to 293.0
Grains•December wheat [WZ9>WZ9]: -3 3/4 to 255
•January soybeans [SF0>SF0]: -3 3/4 to 479 1/4
Meats•February pork bellies [PBG0>PBG0]: +2.525 to 67.600
•December lean hogs [LHZ9>LHZ9]: +1.050 to 47.650
Softs and Fibers•December cocoa [CCZ9>CCZ9]: +5 to 811
•December coffee [KCZ9>KCZ9]: +3.60 to 114.50
•January orange juice [OJF0>OJF0]: -1.00 to 93.00