Crude oil: It’s all about macro

Brent crude prices have surged by USD 4.

5 per barrel, or 6. 2%, from last week’s low, now trading at USD 73.

2 per barrel.

The U.

S.

two-year yield has dropped to its lowest level since September 2022, while the dollar has weakened significantly due to rising expectations of lower interest rates.

Yesterday, the S&P rose by 0.

3%,.