This is bad news for consumers, but it could be good news for U.S. oil companies looking for signs of price, and ideally political, stabilization to step up their game.
Will the Fed follow suit and give the addict (market) its next opioid (QE) fix or stand its ground?
This may be seen as early steps toward moving at least some part of the oil trade away from trading in U.S. dollars.
The wheels of change are in motion as global alliances are shifting.
While the cartel is attempting to prop prices up, they are working against seasonal tendencies.
The potential offerings from Roundhill aren't geared solely to the retail investor but also could interest smaller institutions and other ETF issuers.
The commodity has fallen back into the pre-war trading pattern.
Supply, demand and timing are what matter for this commodity.
Covid and Ukraine have just brought the time line closer to the dollar's ultimate demise.
Religious values vary, but the returns tell undeniable truths, as we find with the Sharia-based Wahed FTSE USA Shariah exchange-traded fund, or HLAL.