For instance, the blowout U.S. jobs numbers for January released Friday, on the back of what the Fed calls disinflation. Historically, there has been a strong positive correlation between jobs and crude prices. Oil eventually capsized in a sea of red with gold and other commodities as the dollar’s rebound from 10-month lows made raw materials priced in the U.S. currency costlier for non-dollar holders.
(Bloomberg) -- India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US.Most Read from BloombergUS Downs Chinese Balloon, Prompting Protests from BeijingTrump Offers $1 Million Bond to Appeal Clinton Suit SanctionsFrom China to Big Sky: The Balloon That Unnerved the White HouseThousands Mistake US Research Balloon for Chinese Spy CraftChina Protests US Downing of Balloon, Keeps Right to ReactYet
"Everything we have seen over the last year tells us not to underestimate that Russia hasn't got this figured out," Kpler's Matt Smith told Insider.