I thought the Dow and Crude prices usually moved in opposite directions.
“I thought the Dow and Crude prices usually moved in opposite directions.”
Generally, and lately, commodities traded as futures go up when the fed rate and dollar goes down. Same thing happened in the past few days, except, for oil.
The major moving force in commodities lately is gazillionaires parking, or de-parking there money. With oil this week something else is happening. I suspect the OPEC countries are producing way over what they are reporting, their faucets reaching their height now, spurred by the $150bbl of months ago.