Oil prices have been oscillating on the coronavirus, the FDA Pfizer vaccine approval, the dollar and an accident on a Mexican oil rig. How will Jackson Hole’s Fed policy meeting impact it, if at all?
Oil (CL) sank under $63 a barrel today, marking it the lowest drop since May. This fall came on the heels of the Fed signaling it would narrow asset purchases.
OPEC+ cancelled its Oil output talks after the UAE requested different terms. The decision helped push Oil prices near three-year highs.
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