Oil market heads towards ‘smooth rebalancing’: OPEC

After long years of punishingly low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand, OPEC said on Thursday. In its monthly oil market report, the Organization of Petroleum Exporting Countries said there were “growing indications that the oil market is heading smoothly toward rebalancing.” Prices were… Please follow and like us:

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The Bulls Return: Brent Crude Could Hit $70, Says Morgan Stanley

With Brent Crude oil driving higher on Wednesday — up nearly $1 and trading at $67.59 in early afternoon New York trading – Morgan Stanley analysts Martijn Rats and Amy Sergeant point out that European refining margins have weakened recently. This is creating a negative correlation, where refining stocks head lower as the underlying product, Brent… Please follow and like us:

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Bitcoin’s Price Surged From $1,000 To Over $13,000 In One Year

The price of bitcoin was one of the biggest Wall Street stories of 2017. At one point, the digital currency surged more than 1,900 percent. On Jan. 1, 2017, the price of bitcoin passed $1,000 for the first time on CoinDesk Bitcoin Price Index since early January 2014. On Jan. 1, 2018, the price of bitcoin… Please follow and like us:

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Home Prices Boom 10 Years After Housing Crisis

New report reveals surprising data as prices return to bubble levels SANTA CLARA, Calif., Nov. 13, 2017 /PRNewswire/ — Home prices have returned to the boom levels of a decade ago — which foreshadowed the bursting of the real estate “bubble” and the onset of The Great Recession — but today’s housing market is starkly different,… Please follow and like us:

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Keystone XL pipeline runs afoul of the law of supply and demand

The following editorial appeared in the St. Louis Post-Dispatch on Thursday, July 13: ——— The company that is building the controversial Keystone XL pipeline no doubt wishes Energy Secretary Rick Perry had been right last week when he explained the law of supply and demand. At a coal-fired power plant in West Virginia on Thursday, Perry… Please follow and like us:

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Chinese demand for gold bars and coins soars in first quarter

China’s demand for gold bars and coins soared 30 percent year-on-year to 105.9 metric tons in the first quarter of this year, the fourth strongest quarter on record, according to report released by the World Gold Council on Thursday. Overall demand for gold in the Chinese market grew 8 percent year-on-year to 282.4 tons, making China… Please follow and like us:

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BAML: Markets Approaching A Divergent Moment Amid Correlation Breakdown

Markets are approaching a fork in the road, Bank of America Merrill Lynch’s Rates Strategist Ralf Preusser notes. With the S&P 500 higher by a statistically notable 121 points in 2017 with less than two months under the belt, Preusser says “we are approaching a ‘show me the money’ moment in markets” as a correlation breakdown… Please follow and like us:

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