Silver as an investment

Category Archives: Crude

WTI Lifts Towards $48 After Biggest Crude Inventory Draw Since September

WTI slipped back to almost a $46 handle today before bouncing modestly into the close ahead of tonight's API report, with all bullish eyes hoping last week's surprise gasoline build was a 'blip'. API reported a much larger than expected crude draw (biggest since Sept 2016) and while WTI rallied on the print, it was […]

Are Oil Bulls About To Be Burned Again?

Authored by Nick Cunningham via OilPrice.com, Oil investors have grown more optimistic as of late, as oil prices have moved back to $50 per barrel. The market appears to be on sounder footing, suggesting that things will gradually tighten for the rest of the year. But it is unclear how far oil prices can really […]

How A Renewed Korean Conflict Is Going To Be Felt Around The Globe

Authored by James Durso via TheHill.com, The United States and the Republic of South Korea have, until now, had identical interests in the Korean peninsula: defending against a North Korean attack on the South, and keeping the North’s regime at bay until it collapsed from internal contradictions. The inevitable ability of North Korea to hit […]

Global Stocks Hit Another Record High, Ignore Slowing Chinese Trade

Following a sleepy overnight session, US futures are flat as are markets in Europe, while Asian stocks rose despite overnight trade data from China which unexpectedly missed across the board. As reported last night, Chinese export growth was the slowest since February while Import growth the weakest since Dec 2016, as both missed consensus estimtes. […]

How Russia Could Strike Back Against US Sanctions In 4 Simple Maps

Authored by George Friedman, Xander Snyder, and Ekaterina Zolotova via MauldinEconomics.com, The US Congress has passed new sanctions targeting Russia’s energy companies. Among the other notable aspects of the sanctions is that they take some authority away from the US president (who used to be able to implement some measures but not others at his […]

Dow Gains 600 Points In 9 Days; S&P, Bonds, Gold & Dollar Unchanged

Despite the payrolls beat, "hard" data in the US economy closed the week lower for the 5th week of the last 6 to the lowest since May 2015… as The Dow surges for the 9th day in a row to the 8th record close in a row… Because…   So this happened…   From the […]

Europe’s Cities Absorb Sharia Law

Authored by Giulio Meotti via The Gatestone Institute, London Mayor Sadiq Khan banned advertisements that promote "unrealistic expectations of women's body image and health". Now Berlin is planning to ban images in which women are portrayed as "beautiful but weak, hysterical, dumb, crazy, naive, or ruled by their emotions". Tagesspiegel's Harald Martenstein said the policy […]

Is The Mafia Helping ISIS Smuggle Oil Into Italy?

Authored by Irina Slav via OilPrice.com, The Italian mafia may have teamed up with the Islamic State to smuggle crude oil from the Middle East into Italy, an ongoing police investigation has suggested, according to The Times who cited a report by La Repubblica. The Italian daily noted that the police had found substantial amounts […]

WTI Tumbles After Surprise Crude Inventory Build

Following the ugliest day in a month for WTI (on OPEC production increase survey), bulls hopes rest on tonight's API data confirming the recent trend of inventory draws but that was not to be. Against expectations of a 3.1mm draw, API reported crude inventories built by 1.78mm barrels last week. The kneejerk reaction was clear […]

Crude Crashes, Bonds Bid, & Trannies Turmoil But VIX Vanquished To 9 Handle Again

With oil crashing, 'hard' economic data slumping, political chaos ahead of the debt ceiling debacle, and The Fed about to embark on something no central bank has ever done (let alone done successfully), it should be no surprise that earnings expectations are being ramped exponentially higher and The Dow (thanks in large part to Boeing […]