Whom is in control. JR CRAM

The chess game of economics

Wjom moved the right piece at the perfect time. Mean time Russian oil industry keeps its pipe into Rotterdam. Demand of market remains at top level , so where is the real impact of pricing? JR

U.S. crude futures extended declines on Wednesday after Saudi Arabia concluded its military campaign in Yemen, while industry data showed a larger-than-expected build in U.S. oil inventories. Figures released by the American Petroleum Institute yesterday showed that inventories rose by 5.5M barrels last week, higher than the 2.9M barrel build expected by analysts. "We will probably see one more dip in the second quarter but prices probably won't go below this year's lows," said Ian Taylor, head of the world's top oil trader, Vitol. The EIA will issue official U.S. stocks data at 10:30 a.m. EST. Crude futures -0.8% to $56.17/bbl. (Seeking Alpha)

The Chess Game of politicians

8While Netanyahu is blocking the Iranian economic agreement with USA, he is winning Senate positions in his territory. JR

Prime Minister Benjamin Netanyahu's Likud party unexpectedly pulled ahead of his main rival in Israel's election, putting him in a leading position to form a governing coalition. Citing unofficial results with 99% of the vote counted, Israeli media reported that Netanyahu captured 29 seats in the 120-member Knesset, five more than Isaac Herzog’s Zionist Union. The TA-25 stock index is still closed for today, while the USD-ILS is flat at 4.0122 shekels.

JR
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