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WTI crude fell 2.4% on Friday after the IEA warned that elevated prices and tight supply will trigger the biggest drop in global demand since the pandemic. Meanwhile, firmer US core CPI bolstered Fed…
WTI crude fell 2.37% after the IEA warned of demand destruction from elevated prices. However, the agency widened its global oil deficit forecast to 1.7 million bpd as escalating US-Iran conflict, Sa…
WTI crude fell nearly 3% following warnings from the IEA that high prices and constrained supply will trigger the largest drop in global oil demand since the pandemic. A mostly bearish EIA report and…
WTI crude slid over 2% after the IEA warned that high prices will trigger the largest drop in oil demand since the pandemic. Meanwhile, US CPI data raised odds for a Federal Reserve rate hike, while …
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 …