Price movements in the energy commodity markets are known to be volatile, with a huge number of factors influencing its supply and demand. Between global economic activity fluctuating, OPEC+ countries trying to shake each others out, and persistent wars implying re-routed exports/imports, trying to understand each and every move is a daunting, almost impossible task. […]
The post US Oil (WTI) Retreats After Yet-Another Failed Breakout appeared first on Action Forex.
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Recession is not our base case, but we believe the risk distribution has shifted decisively to the downside, as oil briefly broke above $110/barrel and remains volatile. The U.S. economy does not enter the current Read more…
RBA Deputy Governor Andrew Hauser signaled that policymakers face a difficult decision at next week’s board meeting, warning that the recent surge in oil prices is adding new uncertainty to the inflation outlook. Speaking in Read more…