JPMorgan and Goldman See Mideast Oil Flows Near Pre-War Levels
JPMorgan and Goldman Sachs report that Middle Eastern oil shipments are nearing pre-war levels despite ongoing shipping risks. Meanwhile, US markets are reacting to inflation data and corporate earnings.
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan Chase & Co. and Goldman Sachs Group Inc. US stocks and Treasuries rose with the Federal Reserve’s favored inflation gauge and earnings from Micron Technology Inc. due, updates that are key respectively to interest rates and the artificial-intelligence trade. The Opening Trade has everything you need to know as markets open across Europe.…
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