CL2404 (WTI Crude Oil - Apr 2024)
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The Fed Doves Remain In Charge, But Why The Market Didn't Buy It?

There is no suspense in the results of the Fed's interest rate meeting last week, and Powell's speech after the meeting is also dovish. At present, the market expects the Fed to cut interest rates three times this year and reduce the QT rhythm at the same time. Regardless of whether the Federal Reserve will cut interest rates as expected by the market, at least the current doves expect already has sufficient pricing, so the sensitivity of the follow-up market to the news of interest rate cuts will be relatively reduced. The integrity of the capital market will be weaker than before.When the expectation of interest rate cut becomes closer and closer, the market's reaction to the news will become more dull, and even fluctuate in reverse (all the good news is bad), so the financial market wil
The Fed Doves Remain In Charge, But Why The Market Didn't Buy It?
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2023-09-13

Crude Oil Prices Surge

In today's Asian trade, crude oil prices continued their upward trajectory, maintaining levels near a 10-month high, driven by a confluence of significant factors. Key drivers in this bullish trend included OPEC's anticipation of tighter oil supplies, concerns surrounding crucial U.S. inflation data, and signals of a potential increase in oil inventories. Crude Oil Updates The surge in crude oil prices had commenced the previous day, propelled by OPEC's release of a monthly report predicting further tightening in the oil market throughout the current year. This forecast was grounded in robust demand and reduced production levels. Just a week prior to the report, two major oil-producing nations, Saudi Arabia and Russia, had jointly announced substantial supply reductions for the remainder o
Crude Oil Prices Surge