RE: PPI data just out of US16 Feb 2024 14:27
I suppose the POO likes a hot ppi number because it proves demand is still raging in the US so therefor needs more oil/energy! It just depends what the FED do , I guess just hold the rates for longer. However the POO is steady due to global issues ,I.e middle east and demand in the US. So therefor this is a great place to be still. Even more so with the dollar too.