March 9, 2017

IT'S A DEFLATIONARY EPOCH:

Oil prices dive 5 percent as U.S. crude inventories balloon (Devika Krishna Kumar, 3/08/17, Reuters)

Oil prices plunged 5 percent to their lowest levels this year on Wednesday as U.S. crude inventories surged much more than expected to a record high, stoking concerns a global glut could persist even as OPEC tries to prop up prices with output curbs. [...]

The big daily price slide could signal a steep downward move if speculators are beginning to unwind long positions in crude oil, which were close to a record, traders and analysts said.

The Fed is about to make a big mistake...again....

Posted by at March 9, 2017 8:18 AM

  

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