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Astera Insights

Astera Insights

Insights into Energy

2024 Year of the Wood Dragon

2024-01-15

Fiery Temper Emerging as International Wars Brew Create Volatility

  • Bullish posture for Crude Markets following December bottom. Year-end close below $77 suggests prices not ready to breakout. Potential spike high in July on Middle East geopolitics.
  • Continued funding of international wars limits the Federal Reserve’s ability to lower short-term policy rates
  • Long-term interest rates remain volatile, trend to be set after May as market . . .

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