Morning News

• Futures have spiked down following the explosions in London.

• Oil inventories to be released today.

• Weekly Jobless Claims out this morning at 8:30 am.

• Saudi officials reportedly have told Opec they will not be able to meet western demand for oil in 10-15 years.

• Dollar has fallen sharply after the news of explosions in London.

• G-8 summit was set to begin today, reports are out that those meetings will go on as scheduled. Tony Blair will be leaving those meetings to be in London.

• Oil down sharply now $59.00 per barrel.

• Gold is currently just over $429.00 per ounce.

Budd Foxx