The crude market was up slightly for the week. The major news moving markets this week started with the Fed announcing plans to buy $250 billion in mortgage backed securities and $375 billion in Treasuries this week. The Fed action was meant to energize the economy but seemed to have the opposite effect on equities. […]
The crude market was down substantially (-26.7%) for the week. The major news moving markets this week started over the weekend when the Fed made an emergency cut to interest rates bringing them to nearly zero. While this was meant to energize the markets, it had the opposite effect. Equities and crude both moved lower […]
The crude market experienced one of the worst downturns since 2008 this week. The major news moving markets was the beginning of the oil price wars between Russia and Saudi Arabia, causing the largest single day drop (over 20%) since the 1991 Gulf War. News of Saudi Arabia’s plans to pump 25% more crude next […]
