Oil rebounds after CPI report
Crude prices are rebounding after yesterday’s collapse as energy traders digest a hot inflation report that raises the risk that the Fed could send this economy into a recession by the end of the year. A couple of key points for energy traders are that they are still looking at a tight oil market that probably won’t see a severe drop in crude demand just yet and the likelihood this will be a severe recession are low.
A wrath of economic data, monthly oil reports,
13-07-2022 13:09 GMT
by Edward Moya
