Greater Fool Theory, Viewer Questions and Global Markets (Video)

By EconMatters


We discuss the Carry Trade, ultimate demise of the European Union, answer viewer questions, touch on the oil market, and dog financial media for the rating`s whores that they truly are in this video. There is some buy the rumor, sell the news effect in the oil market today, but we are still pretty bearish on the fundamentals of the industry, and the current supply glut in the market as witnessed by the most recent inventory reports. We think higher oil prices ultimately bring down some of the demand consumption numbers over time, as some of the demand gains over the past couple of years, come back in or retrace due to higher gasoline and diesel prices at the pump.

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The post Greater Fool Theory, Viewer Questions and Global Markets (Video) appeared first on crude-oil.top.

Pharma Stocks Crash Most Since Brexit After Trump Warns Drug Companies “Getting Away With Murder”

After six straight days higher and the best start to a year ever, Biotech/Pharma stocks were just crashed lower on the heels of comments from president-elect Trump promising more competitive drug pricing.

Trump says Pharma Industry is “…

The post Pharma Stocks Crash Most Since Brexit After Trump Warns Drug Companies “Getting Away With Murder” appeared first on crude-oil.top.

Pharma Stocks Crash Most Since Brexit After Trump Warns Drug Companies “Getting Away With Murder”

After six straight days higher and the best start to a year ever, Biotech/Pharma stocks were just crashed lower on the heels of comments from president-elect Trump promising more competitive drug pricing.

Trump says Pharma Industry is “…

The post Pharma Stocks Crash Most Since Brexit After Trump Warns Drug Companies “Getting Away With Murder” appeared first on crude-oil.top.

Saudis Cut February Oil Supply To Buyers In India, Southeast Asia

Complying with the OPEC deal, Saudi Arabia has cut February term crude oil loadings to some buyers in India and Southeast Asia, but is shipping full delivery volumes to North Asia in order to protect its market share there, Reuters reported on Wednesday, quoting industry sources. State-run oil company Saudi Aramco has cut term deliveries for February of mostly heavy crude oil to India’s Reliance Industries and Hindustan Mittal Energy Ltd (HMEL), and to Malaysia’s state-held oil company Petronas, Reuters’ sources said. In OPEC’s…

Saudis Cut February Oil Supply To Buyers In India, Southeast Asia

Complying with the OPEC deal, Saudi Arabia has cut February term crude oil loadings to some buyers in India and Southeast Asia, but is shipping full delivery volumes to North Asia in order to protect its market share there, Reuters reported on Wednesday, quoting industry sources. State-run oil company Saudi Aramco has cut term deliveries for February of mostly heavy crude oil to India’s Reliance Industries and Hindustan Mittal Energy Ltd (HMEL), and to Malaysia’s state-held oil company Petronas, Reuters’ sources said. In OPEC’s…

Saudis Cut February Oil Supply To Buyers In India, Southeast Asia

Complying with the OPEC deal, Saudi Arabia has cut February term crude oil loadings to some buyers in India and Southeast Asia, but is shipping full delivery volumes to North Asia in order to protect its market share there, Reuters reported on Wednesday, quoting industry sources. State-run oil company Saudi Aramco has cut term deliveries for February of mostly heavy crude oil to India’s Reliance Industries and Hindustan Mittal Energy Ltd (HMEL), and to Malaysia’s state-held oil company Petronas, Reuters’ sources said. In OPEC’s…