Market News and Commentary June 30

Trump Says Saudi King Agreed To Raise Oil Production Up To 2 Mln Barrels. Comcast blames widespread service outage on cut fiber lines. Top ICE lawyer sentenced to four years in prison for stealing immigrants’ identities. Papering over cracks, EU leaders claim summit victory on migration. U.S. intelligence believes North Korea making more nuclear bomb fuel despite talks: NBC. Citigroup to refund $335 million to credit card customers.

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Market News and Commentary June 29

BP Holds Millions Of Barrels Of Oil Off China As Demand Falters. Deutsche Bank investors unshaken by U.S. stress test failure. Kroger to bring driverless cars to grocery delivery. John Kelly said to be on his way out, Trump is considering who will be next White House chief of staff. Euro rallies after all-night talks yield deal for Merkel, EU. EU leaders unite over Trump tariffs, foreign investments. Manafort assistant gave FBI access to storage locker: testimony. Citigroup to refund $335 million to credit card customers. It’s been decades since the White House has warned the Fed the way Kudlow just did. Trump will dump oil from Strategic stockpile.

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Market News and Commentary June 28

Saudi-Russian Axis Rules Oil Markets As Trump Fights Iran. U.S. oil exports reached a record 3 million barrels a day last week — a greater amount than is pumped each day by all but three OPEC countries. Trump adviser sees having Putin summit as ‘a deliverable.’ Market rate rise may thwart Fed’s balance sheet plan. Fed’s Rosengren calls for more tools to lessen severity of next economic downturn. Merkel says migration could make or break the E.U.

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Market News and Commentary June 27

U.S. Oil Prices Rally To Highest Level Since 2014 As Crude Supplies Notch Biggest Weekly Drop Of The Year. Oil surges above $70 after State Dept orders crude buyers to cut Iranian imports to zero. Time to prepare for ‘no deal’ Brexit scenario – French presidency official. Fed’s Rosengren calls for more tools to lessen severity of next economic downturn. India may ignore U.S. demand to halt Iran oil imports. Most millionaires don’t plan to spend their tax savings, CNBC survey finds. U.S. oil exports boom to record level, surpassing most OPEC nations.

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