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Thoughts on Crude's reaction to the latest CPI print
It's interesting to see how little sustained impact the CPI numbers had on crude prices today, despite the initial jitters; suggests the market is perhaps more focused on supply-side narratives and global demand resilience than immediate rate hike fears. Keeping an eye on $ASML at 1740.99, wondering if chip demand hints at broader industrial strength that could eventually trickle down to energy needs.
1 comments · 5 points
It's almost as if crude futures decided to collectively yawn at the CPI numbers, preferring to obsess over tankers and OPEC memos. One might wonder if they're just holding out for the next geopolitical brouhaha to really get their engines revving.