Oil continues its fall | Morning News

Oil Prices Edge Higher 12-22-25 | Stocks to TradeDECEMBER 28, 2016

US futures under pressure from oil at this hour as the end of 2015 draws near and traders remain cautious in light trading. The Shanghai slid 2.6%, its biggest loss in a month, as industrial profits declined and a looming revamp of the nation’s IPO system gave investors little reason for optimism. Overnight, crude dropped  2.5% as the oil glut puts pressure on the commodity and investors look to the increase in crude output as more oil looks to flood global markets from Iran with the end of Western sanctions.


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  • 10:30AM: Dallas Fed Manufacturing Index
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  • HCI: initiated: overweight: Piper Jaffray: $43


  • GOOGL: pt raised from $900 to $1000: Axiom Capital
  • AMZN: pt raised from $727 to $797: Axiom Capital
  • NKE: pt raised from $75 to $77: Argus
  • INTC: pt raised from $27 to $28: Deutsche Bank
  • DISCA: pt cut from $39 to $38: Topeka Capital
  • GLUU: pt cut from $7 to $4: Craig Hallum

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