Analyst Pin-board Time to buy yields/sell bonds?
In this writer’s view the drop in crude oil prices is temporary even though OPEC decided on June 30th to increase production in August by 648,000 bbl/ day. The next OPEC meeting is August 3rd. Let’s see what they announce then. More production? Status quo? The WTI price bounced back at its 200-day exponential moving average (Figure 1). The WTI crude oil price has declined from $123/bbl in early June to around $100 now. |
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