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Oil futures fell on Tuesday, with U. The combination of the "hawkish, risk-off reaction by markets to the 'hot' producer price index] print," a bearish International Energy Agency report suggesting the global oil market is already flipping to a surplus, and an increased number of governments and major corporations implementing stricter COVID policies all weighed on the energy markets, said Tyler Richey, co-editor at Sevens Report Research. January West Texas Intermediate crude fell 56 cents, or 0.
That was the lowest front-month contract finish since Dec. President Joe Biden announced that he will nominate Sandra L. Thompson to lead the Federal Housing Finance Agency. Thompson has served as the agency's interim director since June after the president fired the agency's previous director, Mark Calabria.
Biden's ability to fire Calabria, who had been appointed by President Trump in , was granted via a Supreme Court decision in a case involving shareholders of Fannie Mae and Freddie Mac. The FHFA is the main regulator overseeing the mortgage giants.
According to the White House, Thompson has four decades of government experience. This browser is no longer supported at MarketWatch. For the best MarketWatch. FTSE DAX CAC 40 IBEX 35 0. Stoxx Visit Market Data Center. Latest News All Times Eastern scroll up scroll down. Latest News. The risk of a broader inversion in the Treasury yield curve is on the radar heading into Opinion: Opinion: What the U. Congress on track to raise U.
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