“Don’t Fight The Fed” non va più di moda
December 16, 2022
Spartan Capital Securities is Pleased to Announce the Hiring of William Birney, Vice President of Capital Markets
December 19, 2022Crude oil futures are extending a downward move started yesterday, with futures down 3.3% to roughly $73.60 a barrel. For oil, recent strength in the US dollar is putting pressure on futures. “Crude oil is trading down…as traders assess the higher cost of money ripping throughout the global economy,” says Peter Cardillo of Spartan Capital Securities in a note. The US dollar index is currently down 0.1%, but Cardillo adds that the dollar is “maintaining its upward bias” in trading.
