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Crude Oil Price Outlook: OPEC Commentary, EU Summer Travel Ban Lift Eyed

Crude Oil Price Outlook: OPEC Commentary, EU Summer Travel Ban Lift Eyed 2021-05-04 03:00:00 Daniel Dubrovsky, Strategist Crude Oil, WTI, EU Summer Travel, OPEC, Fed - Talking Points: Traders focused on EU summer travel lift, OPEC commentary WTI appearing to trade within the confines of a Rising Wedge Crude oil prices advanced over the past 24 hours, managing to brush aside a deterioration in market sentiment during the Wall Street trading session. The growth-linked commodity can be quite sensitive to the broader underlying fundamental dynamics driving global stock markets. Developments on Monday likely pointed to specific supply and demand factors for energy prices.

Sinclair infrastructure coverage centers corporate front groups pushing austerity agenda

Sinclair Broadcast Group has in recent days aired misleading criticism of President Joe Biden’s infrastructure proposals from organizations that are corporate front groups or push an anti-spending austerity agenda. But the facts and commentary from economists and other experts show that much of this criticism is disingenuous. Sinclair sought commentary from pro-austerity organizations funded by corporations and right-wing donors On March 30, Sinclair’s morning program The National Desk which airs on 68 Sinclair-owned or -operated local television stations interviewed Manhattan Institute senior fellow Brian Riedl, who opposed spending trillions of dollars on infrastructure and was critical of including spending to combat climate change. Anchor Jan Jeffcoat chose not to disclose the Manhattan Institute’s funding from the fossil fuel industry and other corporate interests.

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