Summary
Last week’s rally was real, but it was built on a ceasefire that now looks fragile. Reuters reported Brent had plunged about 13% after the two-week US-Iran ceasefire was announced on April 7, only to jump back above $102 on Monday after talks in Islamabad failed and Washington announced a blockade of Iranian ports.
US CPI rose 3.3% year on year in March, with Reuters reporting the biggest monthly gasoline surge on record helping drive the jump. Consumer sentiment then fell to a record low of 47.6, with. . .
Gain full access to all our premium investment intelligence
Plans from $9.99 per week, cancel anytime.
Subscribe or upgrade to Full News Access to view this content
Already a member? Sign in