Need to Know: Even the people with the most to gain from $100-a-barrel oil have a lot to lose: analyst [MarketWatch]
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Source: MarketWatch
Even the people with the most to gain from $100-a-barrel oil have a lot to lose: analyst Another eye in the back of your head might be useful this week. Investors are watching the trade situation, a two-day Fed meeting that starts Tuesday, rising bond yields and now, climbing oil prices. Brent crude LCOX8, +0.70% was pushing $82 a barrel early Tuesday, extending its climb to a four-year high from Monday. Gains came after a weekend meeting of major oil producers failed to yield any promises on higher production, something POTUS has been pounding the table over lately. Helping out prices is the fact an oil-supportive Iran embargo also grows closer by the day. See: Iranian official to Trump: Want lower oil prices? Keep quiet and stop tweeting Amid the fresh enthusiasm, some have even been talking about a return to $100-a-barrel oil. Careful what you wish for, says our call of the day from Fitch Solutions Macro Research. They warn that sentiment for crude right now is so bullish it
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