Crude oil rally boosts risk assets, commodity currencies
Posted on May 17, 2016 at 2:11 pm GMTIt has been a remarkable year for crude oil and market participants that specialize in this particular market. Having bottomed at just below $28 a barrel in January (a near 13-year low), a mere 4 months later the price has rallied by more than 70% from that low. Interestingly, the US equity benchmark the S&P 500 also made a low on the day that oil bottomed, although that particular level was also retested in early February for US equities. This [..]