Hot spot tracking

  • Markets have reduced bets on the Federal Reserve's full-year rate cuts to 20 basis points, or less than one. Trump: Powell should cut rates immediately. This news is bearish for the US dollar.
  • Iran's Supreme Leader Mujtaba issued his first statement: will not give up on revenge, the Strait of Hormuz will remain closed, and new fronts will be opened if necessary. This news is bullish for crude oil.
  • The Trump administration plans to suspend the Jones Act to lower oil prices. This news is favorable for crude oil.

Product Hot Comment

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  • Crude Oil
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