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#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Editor’s Picks 13 February 2015 at 14:40 GMT

Does $60/b signal oil's on the way back?

Reuters
oil topped $60/barrel for the first time in 2015, Friday. Unexpected Eurozone growth led by Germany helped propel global benchmark Brent crude beyond the psychological barrier and up more than 30% from the January low of $45.19/b. Nevertheless, the oil sector is still facing the pain of the steep and calamitous crash in the oil price with the likes of US shale oil producer Apache cutting capital spending and rig count for 2015. Additionally, if dollar strength returns, the oil price might once again begin to slip.
Read full article at Reuters
4y
Anar Babayev Anar Babayev
crude oil historical
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fxtime fxtime
Interesting chart :-)

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