Crude oil prices will find themselves potentially in a tug-of-war between rising geopolitical tensions in the Middle East – with Iran at the epicenter – and fading optimism over the future of global growth. Markets will be closely eyeing the FOMC rate decision where investors are largely expecting for policymakers to hold rates. However, market participants will also likely be expecting for commentary to hold dovish undertones. The most recent publication of US CPI shows that price growth is weakening, giving the Fed impetus to shift away from its neutral stance. If Chairman Jerome Powell comes off dovish, it may ... (full story)