Commodities Week Ahead: Oil Bulls Seek Higher $90s Amid China, Fed Challenge

Economy

After the first weekly loss in four, oil bulls will be raring to push crude oil towards the higher $90s, while top buyer China again faces its recurring bogeyman — an ailing property sector — that’s weighing on its stock market.

Over in the United States, the spotlight will be on speeches by several Federal Reserve policy-makers — most notably Chairman Jerome Powell on Friday — to follow through with the central bank’s decision last week to hold interest rates where they are but add to them as necessary to keep inflation under control.

 

Source: Investing.com

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