The Fear & Greed index has eased back from its extreme level a week ago into the "greed" range. But that is +US$20 higher than week ago levels. A week ago these prices were US$77/bbl and US$82/bbl so an even bigger fall from then. It -¼c lower than a week ago. That all means our TWI-5 starts today at just on 70 and down -30 bps from yesterday to essentially matching week ago levels.

Source: Stuff February 03, 2024 02:03 UTC