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Market rides energy shares higher

Market rides energy shares higher

This morning the U.S. Energy Information Administration surprised the markets with the report of a bigger than expected decline in oil stockpiles. Crude inventories fell by 10 million barrels for the week ended August 16. The prior week showed a drawdown of 2.7...
China strikes back

China strikes back

We suspend our usual programming to cover the developing financial market and likely economic reaction to China’s decision to let the yuan tumble in retaliation to President Donald Trump’s decision last week to place a 10% tariff on an additional $300...