Oil Rises After Four-Day Loss

The video discusses the impact of Fed Chair Janet Yellen's dovish tone on the dollar and crude oil prices. Alan Milkman, a market strategist, analyzes the current market trends, highlighting the sideways trading of crude oil and the potential for price increases. The correlation between the dollar and S&P is explored, with emphasis on support levels and market strength. The discussion concludes with insights into investment strategies, focusing on capex and the shift towards shale oil production.

What is the importance of the 95 level in the dollar index according to the discussion?

How is the current rig count affecting capital expenditure in oil production?