Last week, the Fed did something that surprised the markets to some extent. The fact that they cut interest rates at the September meeting was certainly not a surprise. Many people, including me, had expected just that, but to do so by 50 basis points, or one-half of one percent, was somewhat out of character for a Fed that has, until now, been seen as rather cautious.
As you might expect, the stock market reacted positively to the move, but what does it mean for energy investors? Oil, the most significant and widely traded energy market, also…My Top Energy Play After the Fed’s Rate Cut
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