At 8:50 a.m. ET futures are moderately lower and the price of oil per barrel is down. The market is poised to open lower.
The market is churning out a sea of red lately and the price of oil continues to decline. The story about Shell shutting down Alaska offshore drilling is good environmental news although I'm sure those workers are wondering how they will provide. This oil glut reconfiguration looks like it's here to stay for a while. I'm reading 2016 may not be much different although I have my doubts about the accuracy of long term projections.
CNN: Stocks: 4 things to know before the open
Oil giant Royal Dutch Shell announced overnight that it would stop all offshore drilling in Alaska for the foreseeable future after a key exploration well did not yield sufficient amounts of oil and gas.
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