Crude Oil Bumps Up as US Dollar Sinks on Yield Slip Ahead of Quad Meetings in Tokyo
Crude lifts as the US Dollar gave up some ground today but still remains at elevated levels as Quad meeting get under way. Will the USD ascending trend resume?
Crude lifts as the US Dollar gave up some ground today but still remains at elevated levels as Quad meeting get under way. Will the USD ascending trend resume?
U.S. stocks advanced on Wednesday after the FOMC minutes from the May meeting brought no new hawkish bombshells. Despite this rebound, the mood on Wall Street remains cautious.
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While debate continues on the transition from fossil fuels to green energy, the nation will rely on oil and gas for the foreseeable future
No surprises from the May FOMC minutes – including no mentions of ‘stagflation’ or ‘recession’ – come as a welcomed development.
Some politicos blame greed for soaring prices at the pump, but petroleum industry analysts search for a deeper cause
The S&P 500 remains above 3900 as markets look to the release of FOMC minutes later this afternoon.
Although up slightly on Wednesday, USD/JPY has pulled back in recent days on mounting U.S. recession fears and retracing yields. This dynamic may continue to weigh on the U.S. dollar in the near term.