Oil Erases Entire OPEC Cut Rally: “And Like That, It’s Gone”
Well goddammit I told you so. I don’t how many times I’ve said that oil
Well goddammit I told you so. I don’t how many times I’ve said that oil
A lot of times when you see something absurd, it strikes you as funny at first
“Is the country you live in on the right track? If your answer is no, then you’re in good company. Nearly two thirds of people around the world believe their country is heading in the wrong direction.”
Reuters is going to drive up oil prices today goddammit, even if they have to publish 18 stories to do it…
Well I’m not sure if I’d call it “bullish”, but as I’ve noted before “less
As you may or may not be aware, Saudi Arabia and a Sunni coalition comprising the usual suspects has been at war in Yemen for two years now. “Operation Decisive Storm”, designed to retake the country from the Iran-backed Houthis who quite literally drove Abdrabbuh Mansour Hadi into the Gulf of Aden (he fled on a boat), began in March of 2015 and it’s been a sh*t show ever since.
Warning: there’s no structure here. Just some stream of consciousness oil market rambling along with some pretty good excerpts from Bloomberg, Reuters, and SocGen. Oh, and there’s a random chart at the end.
On Wednesday, Trump took it up another notch. In the wake of Michael Flynn’s unceremonious ouster, the President expanded his conspiracy theory to include the intelligence community…
It doesn’t surprise me that so many “so-called” voters (that’s a joke) are so profoundly ignorant
Friday is all about Trump again. More specifically, FX markets will be closely eyeing a meeting between the President and Japanese PM Shinzo Abe. Meanwhile, oil is buoyant Friday on the back of an IEA report showing OPEC has achieved a record 90% compliance while demand is on the rise.
“Investing is macro and macro is geopolitics. If you don’t get that, you’re going to be perpetually behind the curve going forward.
God knows I’ve been a persistent critic of HY credit for the better part of
I really didn’t want to have to do this…
“Market perceives risk/reward as not very appealing with oil in the mid-$50 range and with expectations of an adequate response from U.S. shale production”
“To the extent that reserves serve as backstops against currency stress, rather than as sovereign wealth, the pound’s diminishing role in international capital flows post-Brexit should permanently reduce its reserve status.”
“This year, only 15% of respondents are underweight and comfortable with that position, down from 65% in early 2016.”
Did you think the war in Syria (which is now coming up on its six year
“While the strong end to 2016 is encouraging news the manufacturing revival clearly remains vulnerable to political risk.”
For decades Arab opinion-makers have ascribed a host of regional ills to the West…
Earlier this month, the US decided to block the sale of precision-guided weapons to Saudi
“Traders are getting antsy and think this is a global oversupply pushing barrels into the
I’ve been skeptical about the OPEC/non-OPEC production cuts since day one. As I outlined earlier
I’ll confess that I’m hopelessly torn when it comes to Syria’s five year old, bloody
Ok, so everyone knows to be skeptical about the OPEC/non-OPEC production cuts, right? I mean
Here’s a quick look at some of today’s important headlines via Bloomberg: European, Asian stocks
Were you holding your breath to find out what Goldman thinks about the prospects for
So last night, I recommended readers turn a skeptical eye towards all of those “alt.
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