Category

Syria

Global Markets

How ISIS Makes Money Will Surprise You…

How ISIS makes money is often presented as a simple answer: Oil.

In fact, the U.S. Treasury Department believes ISIS makes up to $500 million a year selling oil.

You see, what most people don't know is that oil only accounts for a quarter of the terrorist group's income. But there's actually a much more sinister way ISIS funds terrorism that we discovered through a leaked document...

washington

Here's How Easy It Is to Defraud the UN's Refugee Vetting Process

The refugee vetting process is being questioned (again) after a terrorist attack was thwarted.

What many people don't realize is the organization behind the selection procedure is overloaded and easily subject to fraud.

Here's how simple it is for someone to lie their way onto American soil...

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There's Only One Thing About Syria That Matters to Americans

Let's talk about Syria and how what's happening there is affecting the markets.

I see oil rising to two-year highs. I see gold rising to three-month highs. Let's see, what else is being affected? Oh, that would be nothing.

And today we find out that, with a touch of some levers somewhere, U.S. GDP growth wasn't really 1.7% in the second quarter, it was really 2.5%.

Let's talk about the GDP growth revision and how that's affecting the markets.

I see oil coming off its Syria-inspired spike and gold giving up some recent gains. Let's see, what else is being affected? Oh, that would be nothing. Well, maybe bonds just a bit.

To continue reading, please click here…

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How Syria Affects Oil Prices Today

As U.S. military personnel prepare for possible action against Syria, Brent oil prices are hovering near an 18-month high.

On Thursday, Brent oil prices retreated slightly, but remained elevated, after starting the day above $116 a barrel. Prices for West Texas Intermediate (WTI) also retreated by a little more than 1%, closing the day at $108.80.

Brent prices have climbed steadily following escalations across Egypt and the ousting of President Mohamed Morsi.

Meanwhile, in the United States, improved infrastructure and greater network access have fueled WTI prices to near par with Brent this month.

But Brent prices have spiked this week following news that the West may intervene in Syria, where a chemical attack was allegedly launched against civilians.

Despite warnings from Russia and China, it remains unclear whether the United States will intervene. However, any action is likely to set off a chain reaction across the Middle East and could affect trade within the region, especially on oil shipments.

Here are the details on how Syria affects oil prices, what that means for you – and how to profit.

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