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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