View original post here:
Fed’s Evans: ‘A couple’ of rate cuts needed to boost inflation
Author: CelinaCoburn
-
Fed’s Evans: ‘A couple’ of rate cuts needed to boost inflation
-
Weekly Fundamentals – Crude’s Rally on Rig Count Fall Unsustainable
Decline in oil rig counts sent crude prices higher for a second consecutive week. However, we are cautious over the optimism and believe the rally is unsustainable. Baker Hughes reported that oil rig counts fell for a 9th week to 1 140 units in the week ended February 6. The decline in the Permian Basin was huge with the number of active rigs falling by -37 to 417 over the past week.
Go here to see the original:
Weekly Fundamentals – Crude’s Rally on Rig Count Fall Unsustainable