The world’s two largest economies have decided to scale back the threats of a trade war by agreeing not to impose new tariffs. Chinese officials met with members of the Trump administration in Washington this weekend with plans for China to increase its purchases of American produced goods in order to reduce the multi-billion dollar […]
Read MoreTrading is tepid today after bullish geopolitical news sparked weekly gains across the board. Technically, the market is extremely overbought, but the computers may be apprehensive to sell until any of the following issues are resolved.
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While the implications of the United States withdrawing from the Iran nuclear deal are still unknown, the oil industry as a whole is watching ever so closely. The Trump campaign claims that sanctions are to be put back on Iran, which could limit the crude oil exports from their country. One of crude oil’s heaviest […]
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The east coast attainment areas (Major Cities and Surrounding Counties) are emptying out of winter grade Reid Vapor Pressure (RVP) gasoline and lower RVP Summer grade gasoline is already in the major pipelines.
Read MoreWTI crude oil prices have risen more than $2.5 per barrel in the past 48 hours on a duo of bullish news.
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The big story this week is North Sea Forties Pipeline System halt for maintenance. The pipeline supplies 40% of UK crude supply and supported the Brent/WTI price spread.
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