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The Energy Report - Stimulating Talk

Forget about that so called bearish Energy Information Administration inventory report oil rebounded big time on stimulating talk. No I am not talking about the stimulating talk that you get each day on the Fox Business Network but talk that the Fed is getting ready to act on our floundering economy.

An 8.4% plunge in new homes sales adding to the speculation especially after an article in the Wall Street Journal that suggested that the Federal Reserve is unhappy with the way the economy is slowing and is getting ready to act. The gold and silver were positively giddy on those hopes rallying all day but oil had to contend with the weekly inventory report that on the surface looked pretty darn bearish.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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