Oil prices are in a complete free fall this week.
— The Kobeissi Letter (@KobeissiLetter) February 2, 2024
Even as OPEC+ agreed to maintain production cuts, oil prices are down nearly 10% in less than 5 days.
The decline accelerated after Wednesday's Fed meeting when Powell said a rate cut in March is unlikely.
Today's jobs report… pic.twitter.com/0ss3mb3f12