Falling Inflation & Your Money 7/12/23
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The Energy Sector Is in Rally Mode
WTI crude oil hits its highest level in more than two months, but the group is still lagging year to date. It's less about fundamentals and more about neutralizing a lot of bearish positioning that was accumulated by commodity trading advisors and speculators. We'll see how far price is able to take that momentum and possibly extend towards $80. But I don't see anything fundamentally in the near term that's representative of being a catalyst.
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