Commodities have been supported by a weaker dollar
Shortened Trading Week impacting flows
Oil rally runs out of steam
The crude rally hit a brick wall as market pessimism grows that US economy is headed towards a recession. Yesterday was all about the shock from the surprise OPEC+ production and today is about a weakening economy and growing consensus that a recession will happen later this year. This is a tough shortened trading week given Good Friday holiday for energy traders. A pivotal
04-04-2023 15:53 GMT
by Edward Moya