for Federal Reserve
Low oil prices are having a large impact on currencies of major oil-producing countries. Weaker currencies can bring positive developments for the economies, but there are a number of downsides. Here's how a number of big producers have been affected.
Congress has passed the FAST Act, the first long-term transportation bill in more than a decade, but it has used controversial sources to fund the legislation. The government will sell off some 66 million barrels of crude from the SPR and use some $53.3 billion in Federal Reserve Bank surplus funds.
Hedge funds have taken hits from lackluster equities and a big shake-up in commodities. The string of fund closures could be a harbinger of deeper structural issues in the economy.
Oil prices, which have sunk to fresh six-year lows, are on their longest losing streak in about thirty years, and the bear market is not over yet: The coming months offer more threats to the crude market, on top of the ongoing surplus in supply.