Oil has gone into reverse after the bedrock on which the rally of the last two weeks was built was shown to be flimsy in the extreme. Jackson Hole looms large and has markets in defensive mode ahead of the pivotal meeting Friday.
from Steen Jakobsen - Authored content https://www.tradingfloor.com/posts/morning-markets-oil-fast-losing-sight-of-50-b-8010761?utm_medium=tf4-feed&utm_source=extract
Morning Markets: Oil fast losing sight of $50/b
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