After a short pause, oil prices are on the rise again
Brent 1st-nearby prices are back near their recent highs, above $91.5/b, while WTI is at a 7-year high near $91/b, as the cold snap hits…
The yearly growth rate in home prices is close to a 15-year high in the US and consumer confidence is showing signs of weakening. US bond yields have continued to fall and the USD to weaken: the EUR/USD exchange rate climbed above 1.2250 and the highest level of the year so far (1.2349) may be the next target. Sharp improvement in French business confidence in May.
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