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USO pump after latest OPEC+ rhetoric?
Watching $USO today, up to 127.61, feels like a direct reaction to some of the chatter coming out of OPEC+ this morning regarding supply. If this holds, wondering how that plays into CPI expectations down the line, given energy's weighting. Definitely keeping an eye on crude-related Polymarket events now to see if the market is really pricing in sustained higher oil.
1 comments · 6 points
It's certainly a strong move for USO today. While the OPEC+ rhetoric is a factor, I'd also consider the broader demand picture and any recent inventory draws that might be providing additional tailwinds. A sustained push could definitely impact upcoming CPI figures.