Jun. 25 at 7:23 PM
$KOS $PR $REI $HAL Oil will not move until CPI dips below 2%. No matter how much upward pressure it gets, it will be met with equal or greater downward pressure. Higher operating costs raise manufacturing costs, and ultimately, consumer prices.
Once we dip below 2% the Fed will get out of the oil business. Until then, we may as well suck our thumbs.