The markets took a long awaited pause last week as the Dow Industrials declined 0.5% as did the Nasdaq Composite while the S&P 500 lost 0.7%. The decline corresponded with a drop in crude oil prices after the May contract moved briefly above the $42 level. The drop in crude was attributed to an increase in supply. This was the sixth week in a row where supplies had increased however the 9.4 million barrel jump was more than three times the average forecast. My analysis of crude oil in 2016 provi...
The markets took a long awaited pause last week as the Dow Industrials declined 0.5% as did the Nasdaq Composite while the S&P 500 lost 0.7%. The decline corresponded with a drop in crude oil prices after the May contract moved briefly above the $42 level. The drop in crude was attributed to an increase in supply. This was the sixth week in a row where supplies had increased however the 9.4 million barrel jump was more than three times the average forecast. My analysis of crude oil in 2016 provi...
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