Energy OverView April 4, 2012

The FOMC minutes are being given an outsize role in the reversion back down of oil prices by the 24 hour news maw; so let us parse them. At first glance it seems as though the central bank is moving away from QE3, which is positive for the dollar, and so a weight on prices. But it also denies the market another tidal wave of fresh greenbacks from the printing press