Oil Stays Calm as Yen Intervention Steals the Macro Spotlight

Oil Stays Calm as Yen Intervention Steals the Macro Spotlight

Lead: the single most important number today WTI crude sits at $76.03 a barrel, up just 0.34% on the day. In a week when Middle East headlines continue to dominate wire services, that near-flat move is the number worth sitting with. Energy markets are not pricing an escalating supply shock right now — and that … Read more