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From the Floor: Opec 'out of firepower' — #SaxoStrats
Brent may have survived the first test of its defences at the the $50/barrel mark, but with Opec running out of firepower and Libya coming back online, it might only be a matter of time. Meanwhile, last-ditch negotiations could rescue Trump's healthcare plan.
- Brent resists push below $50/b on back of gasoline build — Hansen
- Market could see fresh push as crude oil inventories hits new record
- Opec "running our of firepower" to stem downward shift — Hansen
- Last-minute talks could swing healthcare debate Trump's way — Garnry
- Tentative overnight recovery in equities not convincing — Garnry
- China off to a torrid earnings week start as China Mobile slips — Garnry
- 10-year US Treasuries yield could head towards 2.3% — Boye
12:46 minutes
Tags: commodities, equities, forex, from the floor, opec, saxotrader, saxotradergo, tradingfloor.com
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