Here are five things you must know for Tuesday, Dec. 12:
The Forties Pipeline System, which is owned and operate by Ineos, suffered a hairline crack last week and was fully shut down overnight, the company said, halting the delivery of around 450,000 barrels of oil and gas each day to the northern coast of Scotland. The shutdown will impact the largest input into the so-called dated Brent crude mix that is used to settle around half of the world's crude contracts.
Brent oil prices for February delivery traded 1.56% higher to $65.70 a barrel, a two-and-half year high. The moves took Brent prices, which are used as the global benchmark, more than $7 higher than those for February delivery of West Texas Intermediate crude, which traded at $58.33, up 0.59%.
Disney is currently talking with Fox and a deal could be announced this week, according to the Journal.
Buying Fox's film and television studios and other assets would give Disney a vast library of new content, an international satellite networks and greater control of Hulu.
4. -- Boeing Co. (BA - Get Report) shares were rising 1.5% in premarket trading on Tuesday after the aerospace giant said it would boost its quarterly dividend by 20% and announced a share-buyback authorization of $18 billion, replacing a previous authorization of $14 billion.
5. -- Bitcoin futures volumes plunged in Tuesday trading on the Cboe after U.S. regulators cautioned investors to be wary of fraud and market manipulation in global cryptocurrrency markets.
Around 420 contracts changed hands in the second session of trading for the Cboe's debut bitcoin futures contract, which settles in January, suggesting a value of around $7.5 million was traded over the exchange based on the current "front month" price of $17,780 as of early Tuesday. That's down from around 2,700 contracts over the same period Monday and a trading value of around $55 billion. Spot bitcoin prices were at $16,804, according to CoinDesk.com.
This story has been updated from 6:07 a.m. ET.
More of What's Trending on TheStreet: