Greece sent the “wrong” letter yesterday? Does that have to be true to get a compromise in the standoff between Greece and Germany? Maybe not. Reuters reporting draft accord

Today German newspaper Bild is reporting that Greek Finance Minister Yanis Varoufakis sent the wrong version of a letter outline Greece’s request for an extension of its bailout. The correct version, Bild is reporting, accepted bailout conditions agreed by the previous Greek government

What today’s oil and energy recovery tells us about what the market is thinking about the timing of an oil bottom

Bad news from the weekly report on U.S. crude oil inventories today from the Energy Information Administration. But surprisingly oil and energy stocks rallied in the middle of the day with West Texas Intermediate bouncing back to $51.66 a barrel, down 2.4%, and energy stocks cutting their loss to 0.7% after being lower by 2% this morning.