Pump-Prices Surge To 6-Month Highs Ahead Of CPI, Crude Inventories See Another Build
Zero Hedge - 2024-04-09T20:40:00.000Z

Pump-Prices Surge To 6-Month Highs Ahead Of CPI, Crude Inventories See Another Build Crude prices slipped lower today (along with everything else around 10amET ish), but never recovered (unlike stocks), as traders weighed prospects for a ceasefire in Gaza against ongoing risks to oil supplies in the Middle East. "The Middle East remains a powder keg, but in terms of oil production, it has yet to explode," Stephen Innes, managing partner at SPI Asset Management, told MarketWatch. ...

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In related news

Treasury yields near 5-month high ahead of producer prices and jobless data

Fears of surging food prices and empty supermarket shelves thanks to new post-Brexit border charge that will see suppliers pay up to £145 to bring cheese, fish and salami to the UK from the end of the month

Tin Futures Surge to 15-Month High