How The Saudi Oil Attacks Will Impact Crude Prices
Article By:
Money Morning
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Wednesday, September 18, 2019 8:38 AM EDT
Investors on Monday digested the news of the massive drone attacks on Saudi Arabian oil infrastructure at Abqaiq and Khurais.
In this article: OIL
E Market Briefing For Wednesday, Sept. 18
Article By:
Gene Inger
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Wednesday, September 18, 2019 3:30 AM EDT
As most call for rate cuts, note that inflation is creeping higher. Hence the Fed should not cut. There is actually no legit reason to cut rates further.
What Every Investor Needs To Know About The Saudi Arabian Oil Attacks
Article By:
Kent Moors
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Wednesday, September 18, 2019 1:14 AM EDT
With the oil attack, claimed by Houthi rebels out of Yemen, the long-simmering Saudi-Iranian proxy war has reached a new, volatile boil.
In this article: OIL
Markets Calm(er)
Article By:
Marc Chandler
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Tuesday, September 17, 2019 8:22 AM EDT
Oil prices have stabilized after yesterday's surge.
A Historic Outage
Article By:
Phil Flynn
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Monday, September 16, 2019 8:58 AM EDT
The weekend attack on the Saudi Arabian oil facilities over the weekend is historic and changes the complexion of risk going forward.
WTI Flies High Following A Drone Attack On A Saudi Oil Facility
Article By:
Matt Simpson
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Monday, September 16, 2019 5:43 AM EDT
Oil prices rallied gapped higher an astonishing 12% at market open, after around 5% of global oil supply was removed following a drone strike on a Saudi Arabian oil facility over the weekend.
Risk Markets Trying To Recover From Weekend News
Video By:
LMAX Exchange
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Monday, September 16, 2019 5:29 AM EDT
The news of the drone attacks on Saudi oil facilities has resulted in some risk off flow to start the week, while a softer round of economic data out of China has also contributed to the risk-off price action.
In this video: OIL
Oil Soars On Saudi Aramco Attack
Article By:
ING Economics
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Monday, September 16, 2019 4:59 AM EDT
ICE Brent is up around 10% this morning after weekend drone attacks on oil infrastructure in Saudi Arabia, which resulted in capacity closure in the country.
The Drone Attack On Saudi Arabia. Less Supply Risk Than Many Think.
Article By:
Daniel Lacalle
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Sunday, September 15, 2019 8:15 PM EDT
The drone attack on Saudi Arabia has an important impact on the country’s oil infrastructure, but we should not exaggerate its impact on world supply.
In this article: OILB
WTI Crude Oil Speculators Sharply Lifted Their Bullish Bets To 15-Week High
Article By:
Zachary Storella
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Sunday, September 15, 2019 2:12 PM EDT
Large energy speculators boosted their bullish net positions in the WTI Crude Oil futures markets this week. WTI crude speculators added to their bullish bets by the largest one-week amount in the past twenty-five weeks.
Could Be "Weeks" Before Aramco Restores Full Production Capacity As Specter Of $100 Oil Looms
Article By:
Tyler Durden
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Sunday, September 15, 2019 1:14 PM EDT
What will Monday bring? Upon market opening there's widespread prediction oil will rally by $5 to $10 per barrel, and eventually hit $100 per barrel — the latter alarming scenario dependent on how slow or fast the facilities can be brought online.
Jump In Yields Didn't Derail Equity Rally While Sterling Rallies On Misplaced Brexit Optimism
Article By:
Marc Chandler
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Sunday, September 15, 2019 11:12 AM EDT
The most striking thing about last week's price action was the surge in US yields. The 10-year yield jumped about 34 basis points, the most in three years and returned to levels not seen since August 2 (1.90%).
Drone Strikes Shut Down Half Of Saudi Arabia Oil Production
Article By:
Mish Shedlock
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Saturday, September 14, 2019 7:51 PM EDT
Drone strikes on Saudi refineries have led to a shutdown that amounts to a loss of some five million barrels a day, roughly 5% of the world’s daily production of crude. Oil futures will jump as soon as they open trading tomorrow evening.
In this article: USO
Light Crude Oil Breakout Imminent
Article By:
Candy Matheson
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Saturday, September 14, 2019 5:45 PM EDT
Saturday's news from Saudi Arabia may be the catalyst that catapults light crude oil out to new highs for 2019 and beyond.
In this article: USO
Hyperinflation Returns To Zimbabwe, 70% Interest Rate And 230% Inflation
Article By:
Mish Shedlock
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Friday, September 13, 2019 11:36 AM EDT
Zimbabwe raised its benchmark interest rate to 70% in an attempt to curtail a second round of hyperinflation.