Oil is back from "trash" status. Oil was at a negative price when the Covid crisis hit. . During the downturn last year, lots of pundits were declaring that oil was going to die and go away quickly. Now, pundits are declaring that oil is going to go to $100.
Many investment and business people hang on every word that the Fed chair speaks. For me, I believe it is a little excessive. No. It is very excessive.