For the typically lackluster mid-December time period, most major markets are still relatively liquid and volatile, and traders continued engagement can be chalked up almost entirely to tomorrow’s landmark FOMC decision.
Since July 2014, the U.S. dollar has advanced more than 20% against other world currencies. To many, having a strong currency might sound like a good thing, and in many respects it is. The dollar’s relative strength is a reflection of the U.S. economy, which continues to improve since the financial crisis.
The United States is producing more crude oil today than it has in over a decade. Exports on coal, natural gas and gasoline are legal. So why, given these factors, is the ban on crude exports still in place? Should the United States lift its ban on crude oil exports?