Consumer demand remains rather strong
Consumer demand remains rather strong: Tyler Richey, Sevens Report Co-Editor, Quoted in MarketWatch on MSN
Oil prices log first gain in 4 sessions with crude supply down a second straight week
Consumer demand remains rather strong “despite higher prices at the pump this year and simmering concerns about the health of the economy,” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
‘An added tailwind for oil is the largely dovish tone from [Federal Reserve Chairman Jerome] Powell this week helping to shore up expectations of a soft economic landing and fading concerns about a demand-crippling hard landing in 2024.’ — Tyler Richey, Sevens Report Research
“An added tailwind for oil is the largely dovish tone from [Federal Reserve Chairman Jerome] Powell this week helping to shore up expectations of a soft economic landing and fading concerns about a demand-crippling hard landing in 2024,” he said.
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