Global oil inventories drop toward critical 800 million barrel floor
The closure of the Strait of Hormuz reduced monthly oil tanker traffic from 1,500 vessels to 180 in April, removing 12% of global oil consumption from the market.
Macro indicators, policy shifts, and economic forces shaping growth and inflation.
The closure of the Strait of Hormuz reduced monthly oil tanker traffic from 1,500 vessels to 180 in April, removing 12% of global oil consumption from the market.
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Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
JPMorgan warned that global oil stockpiles are approaching critical levels that could stress the physical circulation of the supply chain.
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
Donec tempor, nibh sed dapibus hendrerit, ante nisl eleifend velit, non rutrum erat magna non turpis. In hac habitasse platea dictumst. Phasellus bibendum tortor sit amet augue maximus, at iaculis nisl tristique.
U.S. consumer prices rose 3.8% annually in April as the Cleveland Fed warned that inflation could reach 4.2% in May due to elevated energy costs.
The Producer Price Index rose 1.4% in April to reach an annual rate of 6.0%, the largest increase since 2022.
Economists project the April Consumer Price Index will rise 3.7% annually as gas prices surge past $4.50 a gallon following the outbreak of war in late February.
Economists expect the April CPI to rise 3.7% annually as gasoline prices surge past $4.50 a gallon following the outbreak of war between the U.S. and Iran.