A peak in U.S. oil production is getting closer

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Is a No vote in Greece’s July 5 referendum a vote to leave the euro or to negotiate a better deal?

The markets in Europe and elsewhere didn’t start the day in a positive mood but sentiment darkened as the trading day closed in Europe. The German DAX Index, for example, was down 2.66% near noon in New York but finished the day off 3.56%. The biggest equity retreat came in Italy—down 5.17% for the day in Milan—and Spain—where the IBEX 35 closed lower by 4.56%.

Saturday Night Quarterback (on Sunday night) says, For the week ahead expect…

Aside from slapping on capital controls and a bank holiday to prevent current withdrawals the Tsipras government doesn’t seem to have a plan beyond the July 5 referendum. One possibility is that the government is campaigning for a No vote but secretly hoping that Greek voters will vote Yes to accept the terms offered in the last offer by the European Commission.

Maybe it’s not Sunday after all in Greek crisis

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