The U.S. Just Became A Net Oil Exporter For The First Time In 75 Years. OPEC works on deal to cut output, still needs Russia on board. Crude prices rally 4% as Russia, Saudis signal output curbs. Russian Energy Minister Alexander Novak confirmed the combined output cuts of 1.2 million bpd, saying that the market will be oversupplied through the first half of the year. Trump calls truce in China trade war a big success, but little is known about the deal. Shares spiral on arrest of China executive; oil sinks as output decision delayed. Trump’s China car tariffs claim sows confusion. Qatar to leave OPEC and focus on gas as it takes swipe at Riyadh. Israel has been building defensive obstacles along a roughly seven-mile stretch of its border with Lebanon since 2015.
Cohen To Rat Out Russian Collusion. Federal Reserve warns of vulnerabilities in U.S. financial system. Saudis mull quiet cuts to OPEC production. Oil plunges nearly 8 percent despite talk of output cut. Oil prices hit year low as OPEC considers output cut. The next gold? Palladium prices soar, & Russia has plenty of the precious metal. Boris warns Brexit plan akin to Titanic heading toward doom. May’s Brexit deal prospects ebb as top ally rejects it.