Surprising Slide In Commodity Prices May Not Reflect The Future

By G. Allen Brooks

The sharp drop in oil prices during the first three days of February would suggest that oil traders are betting there will be little supply impact from these new sanctions. Additionally, the surprisingly strong labor force data announced on February 3 signaled that the Federal Reserve will likely continue raising interest rates with the odds for a US recession growing with oil demand implications.

To read the full article, which was featured in ON&T Jan/Feb 2023, click here.