Yellen speaks–and 1 is more than 3 today

At a speech in front of the Economic Club of New York today Federal Reserve Chair Janet Yellen pretty much quashed speculation that the Fed might raise interest rates at its April meeting. After such a strong reiteration of the Fed’s willingness to wait, the dollar fell, retreating 0.02% against the euro, and oil climbed

The oil market has a Wile E. Coyote moment today

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An end to the oil glut? From Russia? In 2017?

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