WTI Crude Prices Overcome Brent, Implications for Inventories & FOMC

Ben Cook adds clarity to what he considers a headline-driven market. He notes that investors pricing in a conflict cooldown, offering levity ahead for energy markets. That said, "as long as this conflict continues," crude inventories will face pressure, according to Ben. Dryden Pence believes the crux of crude oil volatility is a "traffic problem," not supply. Turning to interest rates, he outlines a tentative path forward for the Fed and how "demand destruction" shapes its cutting cycle.

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