Self explanatory chart: The crude price has moved out of its bear market, rallying over 2% on The Federal Reserve about to deliver a 0.50% cut to the market, oil is now bid over $70 pb. While geopolitical issues are back again, the Houthi Yemeni militia have fired a hypersonic missile at Central Israel. All the while inflation in the U.S has not fallen dramatically as markets have anticipated.

September 17, 2024

Self explanatory chart: The crude price has moved out of its bear market, rallying over 2% on The Federal Reserve about to deliver a 0.50% cut to the market, oil is now bid over $70 pb. While geopolitical issues are back again, the Houthi Yemeni militia have fired a hypersonic missile at Central Israel. All the while inflation in the U.S has not fallen dramatically as markets have anticipated.

Please refer to this post. re looming U.S. rate cut: chiasmusmagazine.blogspot.com/2024/09/markets-are-pricing-in-hopium-via-fed.html

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All oil price commentary and analysis on CHIASMUS, please refer: chiasmusmagazine.blogspot.com/search/label/oil%20markets

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