- Commodities futures continue to tumble following disappointing Chinese economic data and an outlook for rising oil supply and weaker prices, setting up related equities for another day of sharp losses: RIO -1.7%, BHP -1.4%, VALE -1.9%, FCX -1.3%, TECK -0.9% premarket.
- Chinese futures contracts for iron ore fell by nearly 5%, and other base metals are slipping for a second straight day.
- Meanwhile, crude oil prices are lower for the fourth day in a row following the International Energy Agency's report and worries that data expected later in the day could show U.S. production rising; at last check, WTI -1% at $55.14/bbl, Brent -1% at $61.58/bbl.
- ETFs: USO, UNG, OIL, UGAZ, UWT, UCO, DGAZ, DWT, SCO, BNO, BOIL, JJC, DBO, GAZ, DTO, USL, DBB, KOLD, UNL, DNO, JJN, OLO, SZO, CPER, JJU, DCNG, OLEM, BOM, JJT, BOS, NINI, LD, JJM, CUPM, BDD, FOIL, RJZ, BDG, OILK, WTIU, UBM, LEDD, HEVY, OILX, WTID, USOI, GAZB
- Now read: Freeport-McMoRan Inc. 2017 Q3 - Results - Earnings Call Slides
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