I’m wondering what this means for the Fed. Could they be talking about raising rates again?
Global oil inventories are getting seriously depleted, while the US Strategic Petroleum Reserve is already at only 285 million barrels and its lowest level since 1982. With supply disruptions continuing, it feels like the oil is gonna skyrocket soon.
Will stocks keep dipping? Seeing Trump, I don’t think the war is going to stop anytime soon, as his whole strategy seems to be waiting for the economy to shut down. And with the Houthi rebels attacking recently, this might just get worse.
Saw a video saying the Houthis are planning to take over the port of Mokha facing Bab-El-Mandeb, which will give them a better position to target cargo ships. This could disrupt the oil supply even more.
Or do you see this ending soon somehow?