Crude Oil (WTI) – $74.25 // $0.61 // 0.81% Commentary: Crude oil arrested a four-day slide on Monday, rising $1.20, or 1.63%, due in large part to the rally and breakout in U.S. equity markets. The S&P 500 stock index soared 1.52% on the day, reaching its highest level since May. Traders have become more [...] [...more]
The strengthening US dollar has been putting steady pressure on the value of commodities this past week. Spot crude oil prices have been falling since August 6th, and little news events appear to be capable of slowing this movement. Most forecasts this week are predicting a continued decline in market sentiment, pushing more and more [...] [...more]
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