Blogotariat

Oz Blog News Commentary

Oil volatility probes the downside

June 30, 2022 - 11:30 -- Admin

This is an essential breakdown before any Fed pivot. Recent price volatility has been leaning to the downside so we are getting there barring any further supply shocks. The Fed needs sub-$80 oil and preferably sub-$60 because it’s going to pop the moment it flips. Any lower would shut off US which it will not

The post Oil volatility probes the downside appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]