Two hundred and three years after J.F. Hummel patented rubber, and the oil market is bouncing once again. Yesterday’s dollar weakness was encouraged by a super-strong yen; today’s has been egged on by China’s central bank, which has lifted the yuan peg by the most since 2005. With oil up nearly 80 percent (!!) from its February lows, here are six things to consider in the oil market on this final trading day of April: 1) We’ve had another good few dollops of data out overnight, with Europe leading the charge. German retail sales were worse than expected, while French consumer spending improved. French inflation was in line and benign, while Italy continues to teeter in deflationary territory on a year-over-year basis. These numbers, in combination with prints from Spain and Germany yesterday, have left the Eurozone still ticking along in deflationary territory on a year-over-year basis. Economic growth […]