Well..., oil is trading captive to the dollar and despite opening lower the futures seem bound and determined to trade higher.
$56.82 last off of a low of $55.07. The Dollar Index is now down about .80% at 97.52.
From ZeroHedge:
The sudden decision to buy EUR and dump USDs (after a slew of Fed speakers spewed their usual spew) has sparked a buy everything trade across markets as bonds, stocks, and crude are surging...
As EURUSD nears 1.08...
Charts: Bloomberg
