Fed Inaction Drains Crude Enthusiasm, but It’s Better than a Rate Hike

On Thursday September 17, 2015 many commercials in the petroleum business breathed a sigh of relief when the Federal Reserve announced that interest rates would remain unchanged.  Coming into the FOMC’s two day open market meeting, there had been a view that an interest rate increase for the first time in 9-years was a 50-50 proposition.  Many…