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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (32597)7/13/2022 9:02:34 AM
From: Les H  Respond to of 50794
 
Oil Bears Are Back As The Crude Crash Continues

By Irina Slav - Jul 12, 2022, 7:00 PM CDT
Even before oil prices crashed on Tuesday morning, hedge funds had started to dump oil as an increasing number of experts highlighted the risk of a recession.
As well as recession fears, new lockdowns in China have increased the likelihood of significant demand destruction, pushing oil prices lower.
While demand destruction has given bears the upper hand in oil markets, the upside risks are plentiful and volatility is likely to remain.

oilprice.com



To: Les H who wrote (32597)7/13/2022 9:21:40 AM
From: Les H  Read Replies (1) | Respond to of 50794
 
Odds of a 100 basis point increase has jumped to almost parity with the expected 75 basis point alternative.

cmegroup.com

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a
seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal
adjustment.

bls.gov


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