WTI Extends Losses After Smaller Than Expected Crude Draw
Nov 30th 2021 4:37pm EST
WTI Extends Losses After Smaller Than Expected Crude Draw Crude prices puked over 5% today as demand fears over Omicron (jet fuel demand) and European case count continued acceleration combined with Fed Chair Powell’s taper tantrum. While tighter monetary policy can be a sign of economic strength, it’s typically bearish for commodities. WTI briefly dropped below […]
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