Investors retreated to safe havens in the.......>

OIL: Investors retreated to safe havens in the overnight session within fixed

income markets after the N. Korea foreign minister said it could fire even if

the U.S were not in local airspace as comments from Trump suggesting the U.S

would take out N. Korean leadership were considered by N. Korea as 'an act of

war.' One of those safe havens being Crude Oil which has rallied to its highest

levels seen since May this year during this Asia-Pac session reaching $52.43,

currently at $52.37. Brent hit 2 year highs as OPEC continue to cut production

and Turkish President Erdogan on Monday threatened to invade Iraq and cut off

oil pipeline after the Kurdish people voted for independence, the Kurds are land

locked and ship up to 700,000 barrels of oil per day to Turkey, if Erdogan

sticks to his word, this would be significantly disruptive to the supply chain.

- Sources note: Brent and US crude gaining, both look technically sound and have

a number of bullish fundamental news developments working for them, ranging from

support from OPEC, events unfolding in the Middle East and comments from shale

gas CEO's (such as Continental Resources) who recently suggested output won't be

as great as some had expected.