Energy Overview — TotalView™ of the Energy Markets
Markets remain volatile, reversing gains that occurred in the aftermath of the aggressive by the Bank of Japan.
Oil prices return to selling mode, as hopes for a production are dashed. There is no agreement at-hand for a coordinated production cutback.
Another set of poor economic data out of China is set to rock the US markets and cause oil prices to resume their plunge.
The Bank of Japan launches a negative interest rate policy, and the markets are cheering, even oil, which will certainly benefit from more cheap money and central bank stimulus. The Asian currency war is on.
The Federal Reserve tried to reassure the markets that they are watching global developments and the impact of falling oil prices.
OIl prices rally, as hopes for a production cutback accord rise.
A rout in Asian stocks has failed to carry over, and even oil prices are rebounding from the sub-$30 level on increased, if you can believe it, glut fears.
Last week’s rally appears short-lived,as the selling pressure has returned, especially in oil.
Oil prices are staging a relief rally on the back of central bank stimulus hopes and a very crowded (record short position) trade.
Markets take another dive. Falling oil prices are getting the blame, but aren’t they reacting to the same poor data that equities are seeing? Read more in the Energy OverView.