Saturday, December 24, 2016

Today's Headlines

  • Obama Staged ‘Shameful Ambush’ of Israel, Netanyahu Says. President Barack Obama’s administration staged a “shameful ambush” by allowing the UN Security Council to pass a resolution declaring Israel’s West Bank settlements illegal, Israeli Prime Minister Benjamin Netanyahu said in his first public comments since Friday’s vote. Netanyahu said Obama broke a long-standing U.S. commitment not to allow the UN to impose conditions on Israel in its conflict with the Palestinians. He spoke Saturday night at a ceremony for the start of the Hanukkah holiday, a day after the Security Council voted 14-0, with the U.S. abstaining, in favor of Resolution 2334. The measure demands that Israel cease construction in all areas it captured in the 1967 Middle East war. While the immediate practical impact is unclear, the resolution could strengthen the movement to boycott Israel and open the door for lawsuits against Israel in international bodies.  
  • Investors Betting on Oil Price Drop Flee as Production Cuts Near. Oil investors seem to have less reason to doubt that OPEC and other producers will make the cuts needed to balance the market. Money managers trimmed bets on falling West Texas Intermediate crude prices to the lowest level since August 2014 as the Organization of Petroleum Exporting Countries and other crude-exporters prepare to start curbing output in January. Oil market volatility dropped to the lowest level in more than two years on Dec. 20 and futures settled at a 17-month high on Friday.
Wall Street Journal:
  • Had bullish commentary on (HDS) and (XOXO).
Zero Hedge:

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