Any sliver of optimism on the trade war front will be viewed in a very positive light, surely both parties can't be happy to move forward with their scorched earth policy. Stephen Innes More Quotes by Stephen Innes More Quotes From Stephen Innes China is definitely offering up some pretty attractive olive branches. Stephen Innes technology [ China knows ] if they don't make structural concessions, Trump will likely levy more tariffs. Stephen Innes technology Maybe, just maybe we are finally nearing a long-awaited indication from President Trump that the protracted period of market adversity is mercilessly nearing its end. Stephen Innes company-news Price action over the past 48 hours does illustrate just how quick traders are to revive fears about sluggish demand amid the thought of more abundant supplies. Stephen Innes business The OPEC induced oil rally has come to a grinding halt in the wake of the bearish to consensus API inventory swell, further OPEC cuts are unlikely the cure-all medicine. But by the numbers, the magnitude of the expected oversupply in 2020 is thought to be well within OPEC's ability to manage. Stephen Innes business The macro headwinds outweigh supply concerns for oil now, despite tensions in the Middle East and a reduced spare capacity pillow. Stephen Innes business Next week U.S.-China trade talks remain the unknown variable which could lend a modicum of support. Stephen Innes business For most of the week ... the market has been trading lower as oil bulls have been discouraged by the quicker-than-expected return of Saudi oil output. Stephen Innes business The expected lower demand for oil inputs into (U.S.) refineries typically sees U.S. crude inventories swell, all of which could pose a significant downside risk for prompt oil prices. Stephen Innes business What the markets really waiting for is for Mitul Kotecha to drop interest rates, right now, we are still sitting on that uncertainty. Stephen Innes politics What the markets really waiting for is for Fox News to drop interest rates, right now, we are still sitting on that uncertainty. Stephen Innes latest-headlines Nobody understands where the president is coming from. Stephen Innes latest-headlines The U.S.-China trade spat has been at the center of the oil market demise, which has sent the global economy to the brink of recession and negatively impacted oil demand forecasts. Stephen Innes business Hoping for the best on the policy front but positioning for the worst on the economic backdrop seems to be the flavour of the day, the Fed, now out of necessity alone, will need to adjust policy much more profoundly than they expected. Stephen Innes company-news Hoping for the best on the policy front but positioning for the worst on the economic backdrop seems to be the flavor of the day, the Fed, now out of necessity alone, will need to adjust policy much more profoundly than they expected. Stephen Innes top-news Much the same could be true right now about the escalation of tariffs (and) with time, investors have managed to sidestep them and returned to the familiarity of focusing on the data, which in the case of the U.S. economy, still looks good. Stephen Innes business It's not economic uncertainty we should be worried about rather its the doom and gloom economic realities that the key forward-looking manufacturing PMI's are telling us about the dismal health of this rapidly deteriorating global macro environment. Stephen Innes business Oil prices got a small boost this morning after Libya's (NOC) declared force majeure on Sharara crude loaded at Zawiya port. Stephen Innes business The Fed backstop and the report of the U.S. Navy shooting down an Iranian drone are providing a modicum of support for oil markets amidst a very bearish landscape. Stephen Innes business Gasoline consumption is painfully weak given U.S. consumers are in peak driving season. Stephen Innes business
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