• OPEC, Russia Refuse To Boost Oil Production, Despite Trump's Demands

    2 monthes ago - By ETF Daily News

    From Tyler Durden : Less than three months after Trump's latest tweet slamming OPEC, in which he warned the petroleum cartel that it must “REDUCE PRICING NOW!”, Trump was at it again and on Thursday morning, with Brent hitting $80 per barrel and higher gasoline prices creating another headache for Republicans ahead of the midterm elections, the president lashed out at OPEC, saying that the US protects the countries of the Middle East, and warning these nations that “they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will...
    Read more ...

     

  • Stocks Shrug Off Rising Geopolitical Risks

    Stocks Shrug Off Rising Geopolitical Risks

    2 monthes ago - By ETF Daily News

    From Invesco : Last week brought bad news on trade and Brexit, yet stocks globally shrugged off the news and rose higher.
    In the US, the S&P 500 Index hit new highs , while the yield on the 10-year Treasury bond surpassed the key 3% level. 1 Because the 10-year US Treasury yield tends to be a far more accurate fear gauge than any equity indicators , I can't help be fixated on a few questions: Why did the 10-year yield rise? And where will it go from here?
    Forces that affect the 10-year yield
    To understand why the yield rose, it's important to understand what forces impact the 10-year...
    Read more ...

     

  • Oil hits four-year high after OPEC+ shows no sign of turning on the taps

    2 monthes ago - By Reuters

    The oil price shot to its highest in four years on Tuesday, catapulted by upcoming U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply.
    Read more ...

     

  • Trade nerves, bond yields and $80 oil buffet stocks

    2 monthes ago - By Reuters

    World stocks struggled to make headway on Tuesday after another round of U.S.-China tariffs kicked in and investors' nerves were frayed by rising expectations of central bank rate hikes and oil prices near four-year highs.
    Read more ...

     

  • Oil hits four-year high as OPEC, Russia resist output rise to offset Iran sanctions

    2 monthes ago - By Reuters

    Brent crude oil prices hit a fresh four-year high on Tuesday amid looming U.S. sanctions against Iran and an apparent reluctance by OPEC and Russia to raise output to offset the expected to hit to supply.
    Read more ...