Crude prices have been surging the last few weeks with the expected loss of Iranian supply beginning November 4th. With that, the U.S. has been ramping up pressure on OPEC to increase production in an attempt to lower oil prices.
Read MoreOPEC Out
Retracement?
On May 22nd WTI Crude nearly reached $73 / barrel and since then prices have dipped almost 10%.
Read MoreCut and Rebalance! Cut and Rebalance! Cut and Rebalance! Wait…….let’s boost production.
Thursday marked the largest drop in the oil market since May 8th based on OPEC’s most recent rhetoric. After the United States had withdrew from the Iranian Nuclear Deal everyone has seen prices go up at the pumps and the volatility in the market is as prevalent as ever. So what has finally stalled this rallying […]
Read MoreVictory for Venezuela?
On Sunday May 20th Venezuela’s current president Nicolas Maduro won a new six-year term. However, controversy looms heavy over his election.
Read MoreThe Bulls Take a Pause
Trading 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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