Commodities Rock As Banks Look Out Below
Image Source: Pixabay
OPEC news over the weekend caused oil to soar into backwardation today on significant option activity. While oil was rocketing higher, gold and silver saw significant option flows as higher inflation brought banks back into the light. High oil prices may make the inflation monster more formidable and will box the Fed in even more. (OXY, XOM, MRO, XOP, XLE, USO, KGC, AGI, SLV, TIP. NYCB, CFR, C, SOUN, BBAI).
Video Length: 00:10:51
More By This Author:
Are You Chasing This Market Rally?
Tech Ripping But Financials Slipping?!
A Rally Before A Rout?
Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...
more
Comments
