​WTI Holds Rebound Gains After Across-The-Board Inventory Builds – Tyler Durden

WTI Holds Rebound Gains After Across-The-Board Inventory Builds Oil prices are bouncing back from weakness overnight (strong dollar and Trump ‘drill, baby, drill’ win). “Overnight trading saw widespread losses across the commodities sector,” said Ole Hansen, head of commodities strategy at Saxo Bank. Markets believe a Trump presidency “is expected to bring about the promised tariffs on imported goods, particularly targeting China, potentially triggering a new wave of trade tensions and economic disruptions.” The dollar has been lifted on expectations Trump’s fiscal plans and tariff proposals would stoke inflationary pressures, curtailing the scope for Fed rate cuts. The strengthening dollar “leaves…  — Continue at ZeroHedge News : Read More