macro

Crude Oil and the World Market

May has been an interesting month in the crude oil futures market. The crude oil market has sold off more than 25% of its value in the
last month. It has gone from trading at over $90 per barrel down to $67 per barrel. The selloff has been based on two primary concerns; First, the continuing slowdown in Europe and secondly, the
growing strength of the U.S. Dollar. However, commercial …