Recapping Powell and reasons why the Fed might pause as oil falls below $50 a barrel
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Data from the EIA yesterday showed US crude-oil inventories rose for a 10th straight week on the back of surging shale oil production. And prices for WTI dipped below $50 a barrel on the news. While the surging supply is undoubtedly a key driver here, it is demand concerns that have the market worried.
Recapping Powell and reasons why the Fed might pause as oil falls below $50 a barrel
Recapping Powell and reasons why the Fed…
Recapping Powell and reasons why the Fed might pause as oil falls below $50 a barrel
Data from the EIA yesterday showed US crude-oil inventories rose for a 10th straight week on the back of surging shale oil production. And prices for WTI dipped below $50 a barrel on the news. While the surging supply is undoubtedly a key driver here, it is demand concerns that have the market worried.