• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 17 hours Satellite Moons to Replace Streetlamps?!
  • 1 day US top CEO's are spending their own money on the midterm elections
  • 10 hours EU to Splash Billions on Battery Factories
  • 14 hours U.S. Shale Oil Debt: Deep the Denial
  • 22 hours The Balkans Are Coming Apart at the Seams Again
  • 7 hours Owning stocks long-term low risk?
  • 10 hours The Dirt on Clean Electric Cars
  • 2 days OPEC Is Struggling To Deliver On Increased Output Pledge
  • 1 day Uber IPO Proposals Value Company at $120 Billion
  • 24 hours 47 Oil & Gas Projects Expected to Start in SE Asia between 2018 & 2025
  • 1 day A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 2 days U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 5 hours The end of "King Coal" in the Wales
Oil Markets Tremble As Chinese Stocks Crash

Oil Markets Tremble As Chinese Stocks Crash

The steep plunge in Chinese…

Wall Street will Close Monday and Tuesday due to Hurricane Sandy

As Hurricane Sandy approaches the US East Coast, New York is just one of the areas preparing itself. The rare super-storm, which could be the biggest ever to hit the US mainland, is expected to hit the coast tonight, and bring with it, torrential rain, high winds, severe flooding, and power outages.

Several banks in lower Manhattan have been declared to exist within the evacuation zones and non-critical staff have been asked to work from home.

Several companies have decided to delay the release of their earnings releases including Pfizer Inc., and Entergy Corp., with more expected to make the same decision shortly.

Related Article: Can the Fed Survive After QE3?

Wall Street had initially planned to close the NYSE Euronext's New York Stock Exchange physical trading floor, leaving just the electronic exchange open for the first time ever. The plan then changed to one which would see the entire stock market on Tuesday; however following a discussion between regulators, exchanges, and dealers, the decision was made to close the market today, and tomorrow.

It will be the first time since the 27th of September 1985, that the stock market has been closed due to the weather; with Hurricane Gloria to blame that time.

By. Joao Peixe of Oilprice.com


x

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News