Oil prices are falling into new lows for the year and according to financial media, is the inspiration for everything. Oil prices not only matter but have a varying level of impact on stocks and bonds as well.
Markets hang on to the oil account as a clarification for market movements far more than is necessary. Decided, there are definite periods of association, and of course, oil will have some irrefutable impact on price increases at some levels. Oil just doesn't have a strong track record of reliably moving markets, it might have a better record as a conflicting gauge.
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• 30 year (FRM) rates at 3.99% (-0.02%).
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