Oil down $86 but stabilizing / BTE off lows gainingI posted yesterday that I had a feeling that today we would see selling in Oil because of US Inflation numbers and with today's higher-than-expected Core Inflation the markets now know that the FED will be relentless at each upcoming decision making meeting when it comes to raising rates. Each meeting the FED start months ahead with a .50% rate but they recently hinted to the markets that they would be doing a .75% on Sept 21st but with this core Inflation number this high its possible that they could shock the market and do a full point 1% and if that happens next week then hold on for a sell off and the DOW is currently down 850 pts giving back any recent gains and TSX down 300 but the good news is that BTE is standing its ground. After Oil $4 sell off Oil is fighting back heading to $87. Sit on your hands because there's no reason to sell just yet