Market News and Commentary September 11

Russia Launches Biggest Ever War Games. Oil prices climb as Iran sanctions loom; U.S. looks to prevent supply shortfall. Trump only trusts ‘much smaller’ group of aides in White House after op-ed, Donald Trump Jr. says. One million Catalans rally for independence in Barcelona. Oil rises more than 2 percent as U.S. sanctions on Iran squeeze supply. The American Petroleum Institute reportedly shows a draw of 8.64M barrels of oil for the week ended Sep. 7, vs. a draw of 1.17M barrels, the largest since early July. Report: Permian producers hedging bets in fear of pipeline shortages. Trump’s sagging approval ratings have GOP staring at worst-case scenarios for midterm elections. Government has less power now to thwart next financial crisis, says former Fed official.

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