Tag Archives: Crude

Well that did not last long. After initial exuberance over The BoJ's wishy-washy decision to adopt a 3-tiered rate policy including NIRP, markets have realized that without further asset purchases (which were maintained at the current pace), there is no ammo to lift stocks. An almost 200 point surge in Dow futures has been erased and Nikkei 225 has dropped 1000 points from its post BOJ highs... Dow futures have plunged... What a mess... And Nikkei has crashed over 1000 points... And...

The beginning of a new year is supposed to be a time to start fresh, but for oil markets, 2016 has brought only fresh troubles. On January 6, the U.S. Energy Information Administration announced that at 482.3 million barrels, U.S. crude oil inventories are close to an 80-year-high for this time of year. As if that weren’t enough, concerns about global economic growth, sparked by another month of weak Chinese manufacturing data, triggered a widespread selloff in global financial markets last...