In May, against the background of the rising prices of non-ferrous metals and precious metals, international crude oil prices did not follow suit, but continued to fall from the high point set in April. At a time when global monetary policy is about to enter an inflection point of easing, U.S. inflation is resilient, China's economy is recovering moderately, and crude oil is in the same macro environment as other rising industrial products. Why hasn't it risen sharply?The macro environment is favorable for commoditiesIn overseas markets, the expectations of central banks turning to easing are very strong, especially the decline in inflation in the United States, which has stimulated the Fed's interest rate cut expectations to heat up again. The United States released inflation data for Apr
Oil Rebound! Ready for Energy Surge?
The energy stock market has witnessed a significant surge, with the $Energy Select Sector SPDR Fund(XLE)$ surpassing its 2022 highs. The geopolitical conflicts may push oil prices higher. ------------- What's your target price for oil?
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