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$50.00 A Floor
Article By:
Phil Flynn
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Thursday, January 12, 2017 8:54 AM EDT
Record refining runs at 17.1 million barrels a day and proof of OPEC production cuts drove oil higher even as U.S. oil production jumped 8.9 million barrels a day, the most since April and crude oil and product supplies all spiked higher.
Tadawul All Share Index (TASI) Signals A Temporary Top
Article By:
Bruce Powers CMT
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Thursday, January 12, 2017 3:48 AM EDT
Given the recent behavior of the Tadawul All Share Index (Saudi Stock Exchange) a deeper retracement seems likely before the index is ready to resume its uptrend. Fibonacci retracement levels as shown in the 2nd chart.
In this article: KSA
Gold Doing What It Does Best - Preserving Wealth
Article By:
GoldBroker
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Wednesday, January 11, 2017 1:56 PM EDT
20 currencies where gold has hit new highs over the last 2 years.
In this article: GLD
Despite OPEC Cuts, Iraq To Boost February Oil Exports To Record High
Article By:
Tyler Durden
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Tuesday, January 10, 2017 1:17 PM EDT
Iraq plans to raise crude exports from its southern port of Basra to an all-time high in February, keeping exports high even as OPEC production cuts take effect this month.
In this article: OIL
Markets Continue Fruitless Search For Gains
Article By:
Daily Forex
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Monday, January 9, 2017 5:47 AM EDT
The dollar continued to strengthen against the yen on Monday trading at 117.47, nearly 2 percent higher than Friday’s lows. Japanese stock markets were closed on Monday for a holiday, while other Asian markets searched for gains.
Crude Jumps On Report Saudis Fully Implemented OPEC Output Cut
Article By:
Tyler Durden
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Thursday, January 5, 2017 1:00 PM EDT
Despite earlier comments that the Saudis did not appear to have implemented their output cut (as per OPEC agreement), WSJ reports that Saudi Arabia cut oil output - fully implementing OPEC cut pledge.
Why Iran’s New Oil Contract Won’t Change A Thing
Article By:
Kent Moors
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Wednesday, January 4, 2017 12:37 PM EDT
Tehran has now revised the scheme in an attempt to get around some of these obstacles. Sources have confirmed that the new arrangement provides some flexibility for companies, and will account for project problems and market fluctuations.
Promises Promises
Article By:
Phil Flynn
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Wednesday, January 4, 2017 8:30 AM EDT
With the bounce back in US shale, we should see a huge rebound in energy production led growth that will make higher gas prices easier to handle.
OPEC Deal Non-Compliance Begins: Iraq Accuses Kurds Of Pumping More Than Permitted
Article By:
Tyler Durden
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Tuesday, January 3, 2017 3:20 PM EDT
Oil exports from the Kurdish region have long been a point of contention with Baghdad, which claims sole authority over sales of all the country's crude, however which is unable to implement caps on Kurdish production.
Equity Markets In U.S. Doing Fine But Not So In Most Other Areas Of The World - Take A Look
Article By:
Lorimer Wilson
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Monday, December 26, 2016 3:25 PM EDT
With markets closed today, it’s a good time to provide an update of our country ETF trading range screen that shows where global equity markets stand heading into the final trading week of the year.