As was recently reported in the Denver Business Journal, a new report out from Zillow ranks Denver as the nation’s 7th hottest housing market in 2018. According to Zillow senior economist Aaron Terrazas, “The tech industry continues to roar, attracting thousands of new residents per year to tech-dominant markets like Seattle, Denver and the Bay Area.” Indeed, recent reports from both United Van Lines and U-Haul place Colorado near the top of the list of states receiving new residents. As... [ Read More ]

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A recent article on the Wall Street Journal’s Moneybeat blog cited several factors that are contributing to an increasingly bullish outlook for oil prices. Having gained 22% in the past 12 months, U.S. crude oil futures are set to benefit from demand growth that could well exceed supply increases. Given the geopolitical risks looming in important oil-producing nations like Iran, Iraq, Libya and Venezuela, “global oil supply disruptions could materially increase in 2018” according to a Citigroup analysis.

The post Oil Appears Poised to Continue Upward Trajectory appeared first on Granite Capital Group.