Totally agree! No change!   Supposed oil consumption weakness vs production allows the FED the wiggle room to leave rates where they are.  Looks all planned to me!  Threaten to change shorting rules more widely sends a message to energy speculators to blow the froth off oil.  They are responding.

 

I don't buy into the oil situation.  Supply/demand is still wound tighter than an alarm clock!  We barely have more oil produced versus consumed even with slowing usage in the US.  But it all allows for relief to the public pre-election (god knows we can use a break from pump price)  for debating puposes and allows the FED to sit on their thumbs for a while longer.

 

Inflation is still there and energy is not going to continue down this path they are on for long!  The fundamentals will take over and other world situations will support oil prices further.

 

the FED will have to attack inflation by raising down the road.  They bought themselves some time via manipulation.

 

JMO

 

Kutz