The price of WTI crude oil futures are settling at $78.90. That’s down -$0.56 or 0.7%.
The high price reached $80.47. The low price extended to $78.52.

Crude oil was up sharply this week

For the week, the price moved up for the first four trading days, but is trading down today after re

Oil is up over 1% on the day as the rally since the turn of the year stretches on.

It has been an impressive week for oil, all things considered. There were some intraday dips amid some knocks to risk sentiment but they have been quickly bought up and here we are. I reckon that speaks quite a bit

Courtneidge
has been in the Payment Industry since 1990, when he started working at
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Among the steps being considered is a requirement for people with only two vaccination shots to show proof of a negative test in order to enter a restaurant or a bar i.e. only those with a booster shot do not have to do so.
That said, rules on quarantine measures are likely to be relaxed so as to av

Economic confidence 115.3Prior 117.5; revised to 117.6Industrial confidence 14.9Prior 14.1; revised to 14.3Services confidence 11.2Prior 18.4; revised to 18.3Euro area economic sentiment fell towards the end of last year, as omicron risks weighed on the outlook. A positive takeaway though is that th

Prior +0.2%; revised to +0.3%
Retail sales +7.8% y/y
Prior +1.4%; revised to +1.7%

A surprise growth in euro area retail sales, indicating that consumer demand is still somewhat holding up going into year-end. That despite omicron risks, though we’ll see how the fresh restrictions may

This comes as the country reports over 4,000 new COVID-19 cases today – the first time since September last year. Japan prime minister, Fumio Kishida, has said that the government will now decide on quasi-state of emergency declarations for parts of the country tomorrow. I would expect said measures

January is typically the best month for gold as prices tend to rise in the lead up to the Lunar New Year. That has been the case in 7 of the last 8 years but gold is off to a rough start this time in 2022. I noted previously in December as to why this time around, things could be different for gold:

This just reaffirms that the national reading later will likely come in above 5.0% y/y, with the estimate likely to match the November reading of +5.2% y/y. That will just keep the pressure on ECB policymakers as inflation pressures are still elevated going into the turn of the year.

Prior +5.4%
PPI +23.7% y/y
Prior +21.9%

Another month, another surge in producer prices as cost pressures continue to tick higher. That will translate to higher consumer inflation so as long as this remains elevated, it is tough to see inflation pressures easing despite a bit of a lag