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Finance & Markets

Repo Market Set for Volatility in Late Clearing Push, CIBC Says

US funding markets risk facing a volatile, last-minute “scramble” to meet a key 2027 deadline for mandatory central clearing of daily transactions, strategists at Canadian Imperial Bank of Commerce warned.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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6 Million Barrels in Two Minutes Draws CFTC Scrutiny

Oil traders sold futures equivalent to at least 6 million barrels of crude in just two minutes on March 23, shortly before President Donald Trump backed away from threats to strike Iranian power…

  • 6 million barrels of crude traded in two minutes on March 23
  • CFTC investigating unusual trading activities, focusing on potential insider information
  • Chairman Selig assured market confidence, committed to maintaining market integrity

U.S. Rig Count Holds Steady as Oil Prices Surge

The total number of active drilling rigs for oil and gas in the United States remained unchanged for the second week in a row this week, according to new data that Baker Hughes published on Friday…

  • U.S. oil and gas rig count steady at 603, up 53% year-over-year
  • Active oil rigs increased 40% to 460, gas rigs down 11% to 132
  • U.S. crude oil production fell to 13.269 million bpd, down 360,000 bpd from a year ago

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