Oscar Gonzalez Energy Quotations

Given the tightness of supply and demand, it isn't taking much to push energy prices sharply higher.

Record crude prices usually mean record trade gaps. Nobody sees relief on the energy front any time soon.

Energy prices stopped rising in July, and so did the PPI. So the worst may be over.

Energy prices stopped rising in July, and so did the PPI, ... So the worst may be over.

Inflation hawks may be eating crow today. Despite their fears of tight labor markets and a strong economy, inflation is only creeping, not accelerating. I don't think that this report assures that the Fed tightening cycle is over, but I wouldn't be surprised to see rising market expectations of a rate cut. With most prices in check and energy prices easing, this report is about as good as it gets.