• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 5 hours Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 13 hours Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 13 hours Why I Think Natural Gas is the Logical Future of Energy
  • 54 mins Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 12 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 6 hours Get on Those Bicycles to Save the World
  • 9 hours Iraq war and Possible Lies
  • 1 day Satellite Moons to Replace Streetlamps?!
  • 1 day Can “Renewables” Dent the World’s need for Electricity?
  • 1 day Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 20 hours Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 7 hours EU to Splash Billions on Battery Factories
  • 23 hours Can the World Survive without Saudi Oil?
Alt Text

Oil Experts Divided As Iran Sanctions Loom

The world’s top oil trading…

Alt Text

Oil Prices Subdued, But For How Long?

Oil prices may have closed…

Alt Text

Goldman Sachs: This Is The Next Big Risk For Oil

Goldman Sachs commodities expert Jeffrey…

Martin Tillier

Martin Tillier

More Info

Trending Discussions

What The Fed’s Decision Means For Investors

Yesterday’s conclusion of the Federal Open Market Committee (FOMC) meeting and the subsequent announcement and press conference was, if we were to believe the stories going in, supposed to bring some clarity as to the timing of a Fed rate hike that we have been told for about a year is coming soon. In a remarkable act of obfuscation, however, Janet Yellen et al actually managed to leave us more confused than we were before. The decision not to raise rates was accompanied by language that suggested it was still “coming soon,” leaving economists and analysts predicting next month, December and even next year as the definition of “soon.”

The market’s reaction was fascinating. As you would expect, both stocks and oil spiked immediately on the release of the word “unchanged.” That is almost inevitable in these days of computers programmed to respond to certain key words, but once the humans stepped in, the picture changed rapidly.

Within a minute or so of the announcement we were back to where we started and by the end of the day, in a spectacular example of “buy the rumor, sell the fact” we were actually trading lower on the day in both stocks and oil futures. In many ways, to those accustomed to markets, that is no surprise given those markets’ role as forward discount mechanisms.

They had accurately predicted the decision as both oil and equities had moved up for three successive days; moves…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News