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Crude Oil Plunges on IEA Demand Warning; PPI Data Mixed

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • July PPI came in flat (below estimates) while core PPI ran hot.
  • Crude oil sank ~2% on IEA demand warnings, pulling Treasury yields lower.
  • Jobless claims rose more than expected, adding to dovish Fed signals amid mixed macro data.
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