In its latest monthly report, OPEC revealed it had yet again failed to produce as much oil as it agreed to produce the last time it discussed output. And it wasn’t by a few thousand barrels per day, either.
While economists expected another modest rise in inflation on a MoM basis (if far below the 1.3% surge in June), the headline US Consumer Price Inflation was expected to slow from +9.1% YoY to +8.7% YoY in July, but it actually slowed significantly more than expected to +8.5% Yoy (flat MoM), ending a 16-month streak of MoM gains.
SPECIAL PRESENTATION… Boots-on-the-Ground Market Insights: Understanding Today’s Opportunities in Oil In this special edition of Boots-on-the-Ground, The Real Estate Guys™ Co-Host Russell Gray and Bob Burr, Founder of Panther Exploration explain how you can capitalize on the current oil market … Without the volatile Wall Street casinos. In this video, you’ll discover … Where are …