Oil’s Impressive Rally Cut Short by Liquidity and Discouraging Data

Oil’s Impressive Rally Cut Short by Liquidity and Discouraging Data

Just as surely as crude’s impressive tumble from May 3rd to the 20th required a reversal to equalize the markets, the 11 percent rally from Tuesday’s trough to Thursday’s peak would necessitate a correction of its own.

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  2. Record High for Gold as Sovereign Credit Risks Survive EU Rescue Effort
  3. Euro Short-Squeeze Short-Lived
  4. A Dollar-Fueled Rally for Crude Leaves the Commodity Just Below 17-Month Highs
  5. A Crude Bounce Turns into Six-Month Low as Speculative Concerns Override Mixed Data

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