Strait of Hormuz Closure: Oil Price Surge, Inflation Fears Ebb, Fed Watches Closely
What happens to US inflation if the Strait of Hormuz closes? Dallas Fed study shows oil prices could hit $97 but inflation expectations likely to stay steady.
#OilPrices, #StraitOfHormuz, #Inflation, #DallasFed, #Economy
https://newsletter.tf/strait-of-hormuz-oil-price-inflation-expectations/
Oil prices have surged past $97 a barrel due to Strait of Hormuz disruptions. This is a significant jump from previous weeks.
#OilPrices, #StraitOfHormuz, #Inflation, #DallasFed, #Economy
https://newsletter.tf/strait-of-hormuz-oil-price-inflation-expectations/
The Dallas Fed's December manufacturing index for Texas fell to -10.9, marking a six-month low and signaling continued contraction for the fifth consecutive month, with key sub-indices such as production and new orders also declining.
The Dallas Fed's November manufacturing index for Texas dropped to a five-month low of -10.4, signaling continued contraction for the fourth straight month, though production and new orders indices showed improvement.
Oil prices have been rising over the past few days, but even still Texas oil and gas firms are feeling pessimistic about the upcoming year.
#Business #EnergyEnvironment #Local #News #Texas #DallasFed #OilAndGas #OilAndGasIndustry #PickeringEnergyPartners #Tariffs #TexasAllianceOfEnergyProducers
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