Is There Something Oil Traders Know That Stock Markets Don’t?

US stocks reached all-time highs this week as optimism grew that Trump and Xi have a trade deal on the way and the US Federal Reserve would lower interest rates later this week. On the trade front, President Trump reaffirmed that “Phase 1” of the deal is largely complete after China’s leadership said the first part of the agreement was “basically done” over the weekend. The first part of the deal is reported to include Chinese concessions on intellectual property, agreements to buy more US agricultural products and additional freedoms for US financial…