Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel

What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets South Korea’s won weakened for a fourth day as overseas investors accelerated their relentless sales of local stocks. In response, USD/KRW rose 0.1% to 1,552.60, extending its four-day gain to 1.2% (i.e. KRW drop). According to Barclays, pressure from both resident outflows and more recently in the case of Korea, heavy foreign outflows, could pose further headwinds even as exports performance remains robust and domestic equities extend their bubble.  Let's take a closer look at what's driving the key moves in...

Trump Floats Making Venezuela The 51st State First Canada, then Greenland… and now Venezuela? President Donald Trump said Monday he is seriously considering annexing the South American nation as the 51st U.S. state, citing the country’s vast oil reserves and what he described as strong local support for his leadership. In a telephone interview with Fox News anchor John Roberts, Trump mused that he is weighing the move for a nation that holds an estimated $40 trillion in oil resources. NEW: President Trump tells @FoxNews colleague @johnrobertsFox in a phone call just now...

Oklo And Centrus Signal Progress On America's Nuclear Fuel-Chain Bottleneck Oklo and Centrus Energy announced they have agreed to pursue a joint venture focused on deconversion services for high-assay low-enriched uranium (HALEU) and the advancement of related fuel-cycle technologies and supply chains. The JV would operate at Centrus’ Piketon site in Ohio, co-located with the existing enrichment facility and adjacent to Oklo’s planned 1.2 GW power campus. Centrus also recently started expansion efforts at their site and was awarded $900 million to support their HALEU project. The language being used by company...