From the Floor: Oil drifts lower after damp-squib attack on $50

Crude oil retreated Friday and looks set to drift further lower after a failed breach of the headline-grabbing $50/barrel level on Thursday. Meanwhile FX and fixed-income markets await a speech from Fed chief Janet Yellen and look ahead to a raft of key data next week for confirmation of recent Fed hawkishness.

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/from-the-floor-oil-drifts-lower-after-damp-squib-attack-on-50-7688795?utm_medium=tf4-feed&utm_source=extract