If the Supreme Court rules along its traditional party lines, President Obama’s controversial immigration plan turns to dust. A 4-4 deadlock will essentially uphold lower court rulings in which 26 states argued the White House’s executive order was unconstitutional, making all the protests, Rose Garden statements and campaign trail bluster meaningless.
from Morning Bid with David Gaffen:
No one can say they weren't warned here. After a pretty muddled message from the likes of the head of Rosneft, Saudi officials and others, the fact that Iran didn't even send an emissary to the OPEC meeting in Doha, Qatar over the weekend, probably should have sealed the deal on the expectations there would be no agreement among oil producers to limit production.
from Reuters News Now:
So that big oil production deal that was supposed to freeze output among OPEC nations as well as Venezuela and Russia? It flopped, because Saudi Arabia and Iran couldn't come to terms. Consequently, oil prices are down 3 percent this morning.