Yellen Hedges by Suggesting that Inflation Risks are "Two-Sided"

Posted July 14th, 2017 by Horace5762 and filed in General News

Crude oil prices continued to recover with both benchmark contracts rising for four days in a row. Apart from profit-taking following the recent selloff, traders took China’s import data as positive news. China has become the world’s biggest oil importer, buying 8.55M bpd of oil in 1H17, up +13.8% from 2016. Meanwhile, the EIA has downgraded its forecast for US oil production in 2018, suggested in its monthly report.

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Yellen Hedges by Suggesting that Inflation Risks are "Two-Sided"

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