Battered oil prices have stopped the bleeding for now as the market seems to be looking past the disappointment that yesterday’s OPEC meeting did not expand on production cuts, instead of extending. Global equities too are under pressure following crude oil’s -5% loss yesterday; the loss seems to have undermined sentiment towards risk assets in general. The pound has slid on a poll showing PM Theresa May’s Conservatives’ lead shrinking, two weeks before an election. According to the latest YouGov/Times poll, the Conservatives lead Labour by +43% to +38% ahead of June 8th election. Comments from the St. Louis Fed ... (full story)