Crude

Forget The Fed: For JPMorgan This Is The Biggest Catalyst Heading Into 2017

"The next very big catalyst for this market will be the Trump/Ryan tax reform plan and how it makes its way through Congress. Elevated political expectations are the single biggest risk for the tape and once the year-end chase rally euphoria wears off this will likely weigh on sentiment."

With All Eyes On The Fed, Stocks And Crude Slip, Bonds Rise

European stocks slipped from an 11 month high, Asian stocks and S&P futures were flat as caution pervades global markets before the Federal Reserve’s expected interest-rate hike on Wednesday. Treasuries slipped, after reaching the highest level in more than two years. Oil in New York slid to near $52 a barrel after API showed a build in inventories, and currencies of commodity-exporting nations fell. Gold headed for its biggest gain in a week.

2017 Will Be The Year Of Inflation

With crude oil prices up over 50% YoY (the most in 6 years), and retail gas prices up over 10% YoY (the most in 5 years), Bloomberg's Garfield Reynolds suggests the Saudis have sealed it then, 2017 will be the year when inflation takes over. And if that’s curtains for global disinflation then we could see the start of a great unwind in central bank easing, something capable of spurring all manner of extraordinary market disruption.

Don't Tell The Saudis, But China Just Ramped Crude Output By Most In 3 Years

China’s oil output is rebounding. Production in the world’s second-biggest buyer rose from a seven-year low last month as OPEC (and NOPEC) negotiated with each other over an output cut deal. As Bloomberg data shows, November saw the biggest rise in Chinese crude production since October 2013.

Iran Warns Of "World War, The Destruction Of Israel", If Trump Tears Up Nuclear Pact

"Enemies may want to impose a war on us based on false calculations and only taking into consideration their material capabilities... Such a war would mean the destruction of the Zionist regime (Israel) ... and will engulf the whole region and could lead to a world war,' Iranian Defense Minister Hossein Dehghan said quoted by Mehr.