Market News and Commentary – Wall Street Underground

By Nick Guarino | July 16, 2019

Oil Prices Down On Dwindling Storm Impact, Chinese Economic Data

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Oil prices sank about 1% on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook. Crude prices softened as oil companies returned workers to offshore platforms as the effects of the storm have subsided.

Market News and Commentary for July 16th has been posted. Click here to listen now.
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Market Intelligence – Wall Street Underground

By Nick Guarino | July 10, 2019

Oil Is Soaring. I Thought You’d Like To See This Tape.

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Free Upgrade – Call 866-924-0607 or email at wsifnsupport@gmail.com

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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 10, 2019

Deutsche Panic: Economist Warns Of Massive Global Economic Downturn – ‘Game Is Up’

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Professor Richard Wolff, one of America’s most prominent economists, claimed that if Deutsche was in trouble it was likely far from alone. He explained to RT America that the extent of the crisis would not be known “until something blows and whole game is up.” The Manhattan-based professor told RT host Rich Sanchez: “It would be easy to find statements by experts, by bank CEOs, by Wall Street commentators telling us not to worry – it’s a detail, it only affects one bank. Deutsche Bank is the biggest bank in Germany. It is one of the biggest banks in Europe and the world. If it has serious troubles those troubles are also affecting other banks and they’re affecting the interactions between a monster bank like Deutsche and all the other banks since these banks do an enormous amount of business with one another. The truth is the people who run these banks hide their difficulties from the shareholders, because they want to keep their jobs and from their workers because they don’t want to freak people out – that their jobs might be in danger. So what we’re left with is very little, lots of PR and a big question mark. But we won’t know the extent of it until they’re good and ready or until something blows and then the whole game is up.”

Market News and Commentary for July 10th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 8, 2019

Iran oil exports drop below 300,000 bpd in June

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Iran’s oil exports for the month of June dropped to less than 300,000 barrels per day after the United States tightened sanctions on the regime’s main source of income, according to industry sources said and tanker data cited by Reuters. Data from Refinitiv Eikon put Iran crude shipments at about 240,000 bpd. A fraction of the more than 2.5 million bpd that Iran shipped in April 2018, the month before.

Market News and Commentary for July 8th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 5, 2019

Guards Commander Says Iran Should Seize UK Oil Tanker If Iranian Vessel Not Released

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DUBAI (Reuters) – Iran should seize a British oil tanker if an Iranian tanker detained off Gibraltar earlier this week is not released immediately, a senior Revolutionary Guards commander said in a tweet on Friday. British Royal Marines seized the supertanker Grace 1 on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.

Market News and Commentary for July 5th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | July 2, 2019

Trump: Iran ‘Playing With Fire’ With Uranium Enrichment

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Iran’s semi-official Fars news agency reported that the country’s enriched uranium stockpile has now passed the 300kg limit allowed under the deal. Trump, asked if he had a message for Iran, said: “No message to Iran. They know what they’re doing. They know what they’re playing with, and I think they’re playing with fire. So, no message to Iran whatsoever.”

Market News and Commentary for July 2nd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | June 29, 2019

Oil Market Got It Wrong On Friday, Europe DOES NOT Have A Way Around US/Iran Oil Embargo

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This is another example why you need REAL market intelligence if you’re going to trade and make money. The bullshit was that Iranian Oil would flow because Europe found a way around the US oil embargo… What a load of shit! In fact, the Trump administration is weighing sanctions against the Iran Trade Promotion Plan (INSTEX) set up as a go-between for humanitarian trade (ha ha ha) with Europe. Listen to the tape!

Market News and Commentary for June 29th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | June 26, 2019

Flag Hugger

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Presidente Dumb Dumb is really screwing up big time. What an idiot!

Market News and Commentary for June 26th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | June 22, 2019

Trump Approves Strikes On Iran But Then Abruptly Pulls Back

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Officials said the president had initially approved attacks on a handful of Iranian targets, like radar and missile batteries.

Market News and Commentary for June 22nd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | June 19, 2019

OPEC Sets July 1-2 As Date For Its Next Meeting

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OPEC and its allies have fixed the date of their upcoming meetings in Vienna for July 1-2, four sources have told S&P Global Platts, ending a protracted scheduling spat that the organization’s president had warned was keeping the oil market on edge.

Market News and Commentary for June 19th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | June 17, 2019

Iran Just Announced They Have Started Enriching Uranium So They Can Build A Bomb

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Won’t that be fun.

Market News and Commentary for June 17th has been posted. Click here to listen now.
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Radio Free Wall Street – Wall Street Underground

By Nick Guarino | June 15, 2019

Fuzzy Math

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U.S. can’t make up the 1 million bpd in revised demand growth, plus the 1.5 million bpd lost in Venezuela, add another 3.5 million bpd in sanctions on Iran, plus 2 million bpd lost in Libya and 5 million bpd in production cuts that OPEC including Russia will soon announce… WTF.
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Radio Free Wall Street’s webcast for June 15th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | June 13, 2019

Who Done It? Iran Says It Was Not Us

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The long feared Iran blowing up tankers in the gulf is upon us. Of course they are denying it. Just like my Uncle Mike denied he was farting at the dinner table. These stories and more in today’s Market News and Commentary.

Market News and Commentary for June 13th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | June 9, 2019

There Will be NO Trade War With China

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These stories and more in today’s Market News and Commentary.

Market News and Commentary for June 9th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | June 3, 2019

Another GREAT Oil Trade Is Opening Up

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I have NEVER seen a market that has got it so wrong. Oil prices are getting ready to double in value and fortunes will be made. These stories and more in today’s Market News and Commentary.

Market News and Commentary for June 3rd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | February 12, 2019

OPEC Daily Production Falls By About 800,000 Barrels, According To Monthly Report

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Dow jumps by more than 200 points as lawmakers reach tentative shutdown deal. German banks maneuver in Washington to temper Russia sanction risk. These stories and more in today’s Market News and Commentary.

Market News and Commentary for February 12th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | January 23, 2019

It Must Be Asshole Mating Season!

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How do I know you may ask? Because the pompous prick bankers, both government and private, are having their yearly fuck fest in Davos. In between the orgies they are doing the usual feed the suckers full of shit interviews. These stories and more in today’s Market News and Commentary.

Market News and Commentary for January 23rd has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | January 15, 2019

The FBI Investigated The Possibility That Donald Trump Is A Russian Agent

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BNP Paribas to close proprietary oil trading desk in New York. First U.S. crude cargoes head to China since trade breakthrough: sources. These stories and more in today’s Market News and Commentary.

Market News and Commentary for January 15th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | December 9, 2018

The U.S. Just Became A Net Oil Exporter For The First Time In 75 Years

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OPEC works on deal to cut output, still needs Russia on board. Crude prices rally 4% as Russia, Saudis signal output curbs. Russian Energy Minister Alexander Novak confirmed the combined output cuts of 1.2 million bpd, saying that the market will be oversupplied through the first half of the year. Trump calls truce in China trade war a big success, but little is known about the deal. Shares spiral on arrest of China executive; oil sinks as output decision delayed. Trump’s China car tariffs claim sows confusion. Qatar to leave OPEC and focus on gas as it takes swipe at Riyadh. Israel has been building defensive obstacles along a roughly seven-mile stretch of its border with Lebanon since 2015. These stories and more in today’s Market News and Commentary.

Market News and Commentary for December 9th has been posted. Click here to listen now.
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Market News and Commentary – Wall Street Underground

By Nick Guarino | November 30, 2018

Cohen To Rat Out Russian Collusion

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Federal Reserve warns of vulnerabilities in U.S. financial system. Saudis mull quiet cuts to OPEC production. Oil plunges nearly 8 percent despite talk of output cut. Oil prices hit year low as OPEC considers output cut. The next gold? Palladium prices soar, & Russia has plenty of the precious metal. Boris warns Brexit plan akin to Titanic heading toward doom. May’s Brexit deal prospects ebb as top ally rejects it. These stories and more in today’s Market News and Commentary.

Market News and Commentary for November 30th has been posted. Click here to listen now.
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