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Crude Holds Gains After US CPI Data

OIL

Crude markets remain largely unchanged and holding earlier gains after the update August CPI comes out steady to slightly higher than expected.

  • Aug Core CPI 0.3% M/M (0.2% consensus, 0.160% prior)
  • Aug Headline CPI 0.6% M/M (0.6% consensus, 0.167% prior)
  • Unrounded % M/M (SA): Headline 0.631%; Core: 0.278% (from 0.16%)
  • Unrounded % Y/Y (NSA): Headline 3.665%; Core: 4.349% (from 4.653%)
    • Brent NOV 23 up 0.4% at 92.46$/bbl
    • WTI OCT 23 up 0.4% at 89.23$/bbl

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