Crude oil prices experienced a historic surge this week, with WTI jumping over 35% to reach the $90 range amidst escalating geopolitical tensions between the U.S., its allies, and Iran. U.S. Treasury yields also saw their largest weekly increase in nearly a year. While upcoming inflation data, including February CPI and January PCE, remains a key focus, the impact of the ongoing conflict and its pressure on energy costs currently dominate market sentiment. Looking ahead, the U.S. Treasury will auction $125 billion in notes and bonds, while 65 major companies, including Oracle and Adobe, are set to report earnings. Global economic indicators such as China's CPI and U.S. labor market data (JOLTS) will also be monitored for their effect on rate cut trajectories.
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Learn More About Trading Futures and Options at CME Group:
https://www.cmegroup.com/activetrader.html
#crudeoil #treasuryyields #futures