Oil has found new life after reports showed that oil supply could actually fall. The Energy Information Administration destroyed that myth after it reported that U.S. crude supply fell by 5.6 million barrels.
The biggest banks are employing the fewest commodity traders, salespeople and analysts in at least four years as tighter regulations and the second drop in prices since 2001 spur cutbacks.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Friday is the monthly U.S. nonfarm payrolls – arguably the most important data release on the calendar. Every month each number takes on a greater significance, but a more important one may loom.