For the 14th straight week, US oil rig counts rose (by 11 to 683). This is the highest since April 2015.
and leads US crude production to its highest level since Aug 2015.
The question is, as OilPrice.com's Nick Cunningham asks, will Shale kill off the recent oil price rally again?
Just when you thought it was safe to stride safely through the forest of stock market investing (hey - banks, Trump, hope, reform, stimulus, earnings, and Trump again); the bears are coming out of hibernation...
The calm in stocks worldwide is giving way to concern, as Bloomberg reports investors in Europe and the U.S. are rushing to hedge against declines and a Credit Suisse index flashing a warning as the list of economic and political obstacles grows. As we detailed earlier,
Authored by Mint Partners' Bill Blain,
“For what shall it profit a man if he gain the whole world and suffer the loss of his soul?”
S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.
Germany's finance minister Wolfgang Schaeuble did everything in his power to infuriate three distinct groups of people today.
First, in a statement that may infuriate several million German immigrants, Schaeuble said that Muslims who migrate to Europe should understand that there are better places for them to live if they do not want to accept the European way of life.