Weekly Bottom Line
• Tensions in the Middle East continued to escalate this week, pushing WTI prices back above $80 per-barrel. • Inflation pressures cooled more than expected in June. Though the recent U-turn in oil prices raises concerns over the durability of the disinflationary dynamics. • Retail sales remained decently strong in June, suggesting consumer spending regained […]
China Holds Keys to Post-War Oil Prices
• Global growth remains uneven, with the U.S. economy continuing to outperform while China faces softer demand and a less consistent recovery. For an in-depth outlook, consult the July Economic Navigator. • China’s sharp decline in crude oil imports has helped offset some of the oil price pressures stemming from Middle East tensions, suggesting demand […]