Oil Pares Gains Post OPEC Meeting/EIA Report

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OANDA – December Rally Faded Already, Mixed US Data, Oil Pares Gains Post OPEC Meeting/EIA Report, Gold Rebounds, Bitcoin Higher Post Gensler Q3 2021 hedge fund letters, conferences and more US stocks were off to a good start in December as traders became both optimistic that Omicron would not lead to a more severe illness than the Delta variant and viewed Powell’s hawkish twist as more of a shift to the center. Equities pared gains after South Africa COVID cases nearly doubled since Tuesday and after their infectious disease official Richard Lessells noted it is too early to say Omicron only …

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