A blog mainly about economics, but sprinkled in with some politics and personal musings.
Saturday, April 30, 2016
Dallas Fed warns on oil prices
I wonder if a Fed warning will cause some profit taking next week? The article basically states the arguments made here: inventories are still rising, and:
"Speculative long positions on crude oil have risen to all-time highs on the futures markets, a sign that the rebound may have lost touch with fundamentals."
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