The Energy Sector has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC+ appears ready to stick with earlier plans to slightly increase oil production from May 1. The OPEC technical committee has issued a bullish oil demand forecast, although a hawkish tone by the Fed could derail the recent oil price gains. Meanwhile, the Federal Open Market Committee (FOMC) meeting is scheduled to take place on 27-28 April 2021, with the committee set to announce any changes to its monetary policy immediately after. Another big catalyst: Covid-19, which continues being a big wildcard that’s confounding bulls and bears alike. On the one hand, one of the fastest Covid-19 vaccination campaigns has enabled the United States to rapidly ease lockdown measures and add serious momentum to the world’s largest economy. On the other hand, analysts have warned that a worrying outbreak […]