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Energy Futures Market Halted, Unhalted, Daily Limits Doubled

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 11 May 11 9:59 PM | 67 view(s)
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Is this a good thing??? LOL weeeeeeeeeeee

Submitted by Tyler Durden on 05/11/2011 12:24 -0400

* Crude
* Crude Oil
* Futures market
* NYMEX

Update 2: NYMEX GASOLINE, HEATING OIL LIMITS NOW 50 CENTS, CRUDE $20. Basically the CME just doubled daily limits. Of course, the CME is happy to double the drops... but never the surges.

Update: CME RESUMES TRADING ON NYMEX CRUDE, PRODUCTS FUTURES

Uh, what?

* CME HALTS TRADING ON GAS, CRUDE OIL, HEATING OIL FUTURES
* CME TRADING HALT IN ENERGY FUTURES WILL LAST 5 MINUTES

So now crashes cause the entire market to be halted? Swell

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http://www.zerohedge.com/article/energy-futures-market-halted




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