Though risk appetite wasn’t pitched into a boundless recovery, the rebound from the shock this past Tuesday that Greece was downgraded to junk status has helped lift an already buoyant energy market. Furthermore, with the dollar on the retreat and encouraging growth numbers coming off the US economic docket, there was enough fundamental fodder for oil trades to push the market out of a three-month congestion pattern and on toward the 18-month swing high set at the beginning of the month.
MIG Bank Awards
