TAG crude oil

Iran Truck Drivers Go On Strike, Crippling Oil Infrastructure

Submitted by Oilprice.com Oil truck drivers in Iran have started a new strike demanding improved working conditions, and the industrial action has resulted in large lines forming at gasoline stations in Iran, The Middle East Monitor reports, quoting the Anadolu Agency and local media. The strike is the second that truck drivers in Iran have…

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Signs Of The Gold Apocalypse: M&A And Fund Extinction

Authored by Tom Luongo, For bear markets to truly end investor sentiment has to get to a point where they would rather walk on broken glass than buy that asset or asset class.  We’re reaching that point in the precious metals market. In conjunction with that we also have to see arrogance on the part…

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WTI Drops After Surprise Crude, Gasoline Build

WTI extended gains today after OPEC signaled it may not replace Iranian oil that’s disappearing from global markets as U.S. sanctions loom, but slumped off its highs of the day after Trump slammed OPEC for “ripping off the world.” As Bloomberg noted, OPEC shrugged off the threat to Iranian supplies over the weekend, spurring some…

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Is The FOMC Drift Finally Dead?

Submitted by Kevin Muir of The Macro Tourist Way back in August of 2013, two FRBNY staffers wrote a paper titled, “The Pre-FOMC Announcement Drift”. It was a great paper by David Lucca and Emanuel Moench which highlighted the tendency for the S&P 500 to rise in the period right before FOMC meetings. The data…

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Kavanaugh’s Fate Rests With Moderate GOP Senator Susan Collins

Assuming the nation moves beyond hazy recollections of groping, dick wagging and college gangbangs, the fate of Supreme Court nominee Brett Kavanaugh will rest in the hands of Senator Susan Collins (R-ME), a moderate conservative poised to “make or break Brett Kavanaugh’s chance at becoming a Supreme Court justice,” reports The Hill.  In particular, several Senate colleagues of…

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