Crude inches up early Fri, in search of bottom after bout of sell-off - Feb. 3, 2023
Crude bubbles up in a glass half-empty - Jan. 27, 2023
It’s a topsy-turvy world, a bit like Alice’s Wonderland!
The curious tug-of-war between a hawkish US Federal Reserve and money managers that insist on calling it dovish continues, adding to the confusion from all the mixed signals on the health of the major economies around the world. Risk assets surge on the back of waves of optimism in the broader financial markets, and subside when doubts resurface. Crude rises and falls in tandem.
In today’s report, we discuss: