XIAOMI
meituan CommentatorRolled over and went long on crude oil.
Hoping to see 122-157. 🤣
The latest US PPI data is terrible! Inflationary pressures are increasing!
The US just released a terrible PPI data, with an annual rate of 6% and a monthly rate of 1.4%, both significantly exceeding expectations. The monthly rate is also the highest since March 2022.
High oil prices have already significantly increased costs for upstream companies. This inflation is a bit serious. After the data was released, the market experienced a slight drop.
Ah, we can only hope that oil prices can come down sooner.
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