Oil plummets to $56. Deflation is here.
Once $60 is broken a bunch of things begin. Production starts going offline since it becomes unprofitable, leading to layoffs.
You'd think that would be bullish or support the price, but it has the opposite effect due to growth concerns. https://t.co/w1egAvg2f2 pic.twitter.com/7eC0zIY1jl
— Financelot (@FinanceLancelot) May 4, 2025
Oil prices down 18%, natural gas flat, aluminium down 4% since tariffs announced, food price index flat.
Consumers are seeing some significant improvement.
via Bloomberg pic.twitter.com/wu6luNrMoD
— Daniel Lacalle (@dlacalle_IA) May 4, 2025
BREAKING: Oil prices open nearly -4% lower as OPEC prepares to hike production again. pic.twitter.com/vnhHqhr2vn
— The Kobeissi Letter (@KobeissiLetter) May 4, 2025
BREAKING: Intel $INTC plans to lay off 20% of its workforce, approximately 21,000 people.
— Financelot (@FinanceLancelot) May 4, 2025