Crude Oil (/CL) Has Strong Demand and The Probability of Fed Policy Change

Crude Oil (/CL) demand is expected to be strong going forward, says Dan Deming of KKM Financial. He says there is also a strong demand for the 10-year Treasury (TNX), despite reduced rates. The CPI numbers will set the tone going forward, he adds. He will be watching the Fed conference next week to see if they change their policy at all. He thinks 50% of people expect a Fed policy change.

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10 Jun 2021

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Crude Oil (/CL) Has Strong Demand and The Probability of Fed Policy Change

Crude Oil (/CL) demand is expected to be strong going forward, says Dan Deming of KKM Financial. He says there is also a strong demand for the 10-year Treasury (TNX), despite reduced rates. The CPI numbers will set the tone going forward, he adds. He will be watching the Fed conference next week to see if they change their policy at all. He thinks 50% of people expect a Fed policy change.

Market On Close

10 Jun 2021