Month: June 2018

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  OPEC's Barkindo says confident that there will be an agreement on Friday

  Comments by OPEC secretary general Mohammed Barkindo The agreement rhetoric has been going back and forth all day. Despite wanting an increase in oil output,[...]
  2018-06-20 19:27:06

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  Oil, housing and central bank speakers on the economic calendar today

  What's coming up in North American trade First up today is the US Q1 current account report at the bottom of the hour. The consensus[...]
  2018-06-20 19:27:06

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  US Q1 current account deficit $124.1 billion vs $129.0 billion expected

  US Q1 current account balance data The headline and revision were a bit better than expected but there has been no reaction in the US[...]
  2018-06-20 19:27:06

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  US stock markets set to climb at the open

  S&P futures pointed higher The S&P 500 is set to reverse yesterday's 11 point decline. Futures point to a 9 point climb at the open.[...]
  2018-06-20 19:27:06

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  China set to take strong countermeasures against US tariffs - report

  Xinhua report China to hit back, as expected. How 'strong' will be the question.
  2018-06-20 19:27:06

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  Oman oil minister cites progress on OPEC/non-OPEC deal

  Oman oil minister WTI crude is up 98-cents to $66.05 today. I'm skeptical that there is any excess capacity among OPEC members, aside from Saudi[...]
  2018-06-20 19:27:06

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  US May existing home sales 5.43m vs 5.52m expected

  May US existing home sales It's been slow going in housing for awhile now.
  2018-06-20 19:27:06

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  Wilbur Ross is testifying to Senate Finance Committee on tariffs/trade. Some highlights.

  Some highlights so far Wilbur Ross - US Commerce Secretary - is testifying on Capitol Hill today on trade tariffs.  To watch live, you can[...]
  2018-06-20 19:27:06

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  US inventory data at the bottom of the hour

  Private data showed a drawdown of inventory The DOE will release the weekly inventory data at the bottom of the hour. Last night the private[...]
  2018-06-20 19:27:06

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  EIA crude oil inventories show -5914K vs. -2500K

  Crude oil inventory -4143K last week Crude oil had a much higher draw in the current week: The price of crude oil is currently trading[...]
  2018-06-20 19:27:06

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