Tag: Oil

Another Turkish Lira flash crash

Another Turkish Lira flash crash   A busy start to the session dealing with yet another mini TRY flash crash as the bad Lira news continues to compound. Otherwise, global Forex and fixed income markets remain in neutral  overnight and predictably focused on the upcoming FOMC minutes The Turkish Lira meltdown. As far as I can […]

Power Outage Leads To Extreme “Zombie Alert” In Florida City

Authored by Mac Slavo via SHTFplan.com, Lake Worth, Florida falsely sent out a “zombie alert” during a power outage causing some concern among residents. The Lake Worth community Facebook page claims the message was “unintended.” The message was sent during a power outage at about 1:45 a.m., but it contained the additional warning of a […]

Stormy Daniels’ Lawyer Ordered To Pay $10 Million Fine In Legal Feud

Michael Avenatti’s problems just keep piling up.  A law firm owned by Stormy Daniels’ attorney, Michael Avenatti, was slapped with a $10 million judgment Tuesday in U.S. bankruptcy court after he failed to pay $2 million to a former colleague, according to the Los Angeles Times.  Judge Catherine Bauer of U.S. Bankruptcy Court in Santa Ana […]

RBOB Extends Losses After Surprise Gasoline Inventory Build

After the worst day for energy stocks in two weeks as crude turned negative amid reports that OPEC is said to be considering raising oil output, WTI rallied and RBOB kneejerked lower after API reported a smaller than expected crude draw and surprise gasoline build.   API Crude -1.3mm (-1.9mm exp) Cushing -822k (-250k exp) […]

Gundlach Live Webcast: Latest Market Observations

Just two weeks after his latest live webcast, in which the DoubleLine CEO and CIO laid out his latest outlook on assets and the economy, once again reiterating his “late cycle’ long commodities thesis, while warning that “rising rates and deficits are a pretty dangerous cocktail” and cautioning that Treasury yields may continue to rise, […]

Turkey Trounced, Italy Bounced, As US Stocks Puke Up Trade-Truce Gains

Trump took a few shots at China today, which didn’t help, but realistically today’s drop makes as much sense as yesterday’s rally on the back of absolutely nothing from China… While there was some dip-buying in Italian banks (and bonds) today…   We note that Italian equity risk is now double that of US stocks… […]

US Crude Oil Hits Fresh 3-Year Highs as Gas Prices March to $3 a Gallon

The oil price gusher continues. … barrels of crude from the market each day, pushing prices even high amid a broader OPEC agreement, first signed in … The post US <b>Crude Oil</b> Hits Fresh 3-Year Highs as Gas Prices March to $3 a Gallon appeared first on crude-oil.news.

7 Reasons Why European Banks Are In Trouble

Authored by Philipp Bagus via The Mises Institute, While the euro crisis seems far away as all Eurozone countries ran government deficits below 3 percent of GDP, there is one problem for the euro that quietly keeps growing: the unresolved banking crisis. And this is not a small problem. The Eurosystems´and euro banks´ balance sheets […]