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The Oil War Is Only Just Getting Started

The Oil War Is Only Just Getting Started

Submitted by Tsvetana Paraskova via OilPrice.com,

It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how OPEC is doing with the supply-cut deal, and how U.S. shale is responding to fifty-plus-dollar oil with rebounding drilling activity. Those two main factors are largely neutralizing each other, and are putting a floor and a cap to a price range of between $50 and $60.

Japan Denies It Is Devaluing The Yen, Accuses Trump Of Causing "Uncertainty"

Japan Denies It Is Devaluing The Yen, Accuses Trump Of Causing "Uncertainty"

In a shot across the trade war bow with both Japan and Germany, on Tuesday Trump and members of his administration took aim at both Japan and Germany, in addition to China, to accuse them of devaluing their respective currencies, an unexpected move which sent the dollar sliding to multi-month lows.  Specifically, on Tuesday morning Trump said: "You look at what China’s doing, you look at what Japan has done over the years.

Iran Admits It Test Fired New Missile, Putting Nuclear Deal In Jeopardy

Iran Admits It Test Fired New Missile, Putting Nuclear Deal In Jeopardy

After yesterday US officials reported that Iran conducted a nuclear ballistic missile test on Sunday, which some claimed would be another violation of the UN resolution and Obama's nuclear deal, on Wednesday Iran's defense minister admitted that the Islamic Republic had indeed tested a new missile, but added the test did not breach Tehran's nuclear accord with world powers or a U.N. Security Council resolution endorsing the pact.

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