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EIA Crude Stocks And The Energy Rebound
After falling through most of the month, crude prices finally hit a rebound this week. Generally, the weakness can be incidental to concerns over the potential slowing of the economy because of the delta variant. But that might be too superficial of an analysis. During the same period, the dollar gained strength, suggesting another explanation. This is the consensus that we’d see the Fed announce their forthcoming taper later this week. But a lot of analysts are now beginning to suggest that the announcement could come later. Moreover, the weaker dollar over the last couple of days has been a factor in the price of ... (full story)