Tuesday, June 20, 2017

Today's Headlines

  • U.S. Expands Russia Sanctions as Trump Meets Ukrainian Head. The U.S. Treasury Department imposed sanctions on more Russian companies and individuals as well as separatists in rebel-held areas of eastern Ukraine as President Donald Trump held White House talks with Ukrainian leader Petro Poroshenko. The measures “are consistent with the U.S. commitment to seek a diplomatic resolution to the crisis in Ukraine,” the Treasury said in a statement Tuesday. Sanctions over the fighting in eastern Ukraine “will remain in place until Russia fully honors its obligations under the Minsk Agreements,” while measures “related to Crimea will not be lifted until Russia ends its occupation of the peninsula.”
  • Oil Slips to Seven-Month Low on Signs Global Glut Will Persist. (video) Oil dropped to the lowest level in seven months, pulling energy stocks down, amid growing concerns that OPEC-led output cuts are failing to ease a global supply glut. Futures tumbled as much as 3.3 percent in New York, heading toward the first bear market since August, as investors focus on rising production from countries that are not part of OPEC’s deal. Libya is pumping the most crude in four years, and the amount of oil stored in tankers reached a 2017 high earlier this month.
Wall Street Journal:
Zero Hedge:

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