Crude Spills on Saudi’s Proposed Increase, Short-Term Top Likely

Fundamental Forecast for USOIL: Neutral Talking Points: The ONE Thing:Saudi turning on the spigots may lead to lower prices, but bullish environment remains. OPEC rhetoric is rightly center stage as oil traded notably weaker toward week’s end. Saudi Arabia’s oil minister, Ali-Falih, said he sees a ‘likely’ oil supply boost in H2 2018. Per BHI, […]

US Dollar Seesaws After FOMC Minutes, June Hike Still Likely

Talking Points: FOMC statement references rate hikes and balance sheet adjustment, but lacks certainty June hike still likely with officials stating tightening appropriate ‘soon’ Almost all Fed officials favor starting to shrink balance sheet in 2017 Keep up with all the latest market events – including Fed speeches – on theDailyFX Economic Calendar The US […]