🚨OIL PRICES CONTINUE TRENDING LOWER AS DEMAND WEAKENS🚨
WTI crude oil is trading below $70 a barrel and is down 7% this month.
Since the April peak oil has fallen 28% despite the Middle East tensions.
Global supply remains ample while demand drops rapidly weighing on prices. pic.twitter.com/jqRGnligCA
— Global Markets Investor (@GlobalMktObserv) September 30, 2024
Restaurant Performance Index and U.S. Retail Sales are usually quite correlated. The Restaurant Performance Index tends to lead U.S. Retail Sales. The outlook isn’t looking very bright. It actually paints a picture where clouds may be on the horizon. pic.twitter.com/O8zv3Jynnn
— Eric Soda (@EricSoda) September 29, 2024
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