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Markets Weekly Outlook - Geopolitics Overpower Fundamentals: The $150 oil warning and the rate cut dilemma
Geopolitical conflict, particularly in the Middle East, has sent oil prices surging ($90/bbl with $150 warning) and reignited stagflation fears globally, hitting Europe hardest. A weak US jobs report shifts Fed rate cut expectations to June. The week ahead features critical US CPI and Core PCE data, while WTI oil's massive price spike and key technical levels are scrutinized.
by Zain Vawda
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Oil reaches $92 in a historic War squeeze – WTI Analysis
WTI Oil Update: Crude Oil spike 37% this week to $92.68 amid de facto closure of the Strait of Hormuz. Supply chain disruptions add to significant stagflation fears. The US has implemented a reinsurance facility to mitigate risks, helping to ease the rise but the commodity still closes at its highs. Explore technical levels for WTI Levels to prepare for next week.
by Elior Manier
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