Oil Futures End Lower
Oil futures end lower: Sevens Report Co-Editor, Tyler Richey, Quoted in MorningStar
Oil futures end lower as demand worries outweigh forecasts for supply deficit
The latest U.S. inflation reading ran on the “hot side,” especially on the core figure, which will “bolster the case for a ‘higher for longer’ Fed policy rate outlook, said Tyler Richey, co-editor of Sevens Report Research. That raises the threat that the central bank “chokes off growth and sends the economy into recession,” which is never a good scenario for oil demand.
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