Mid-Week Market Review: October 2024, Edition 4

Commodities The Energy Information Administration (EIA) reported last Thursday that U.S. crude oil production hit an all-time high, even as stockpiles of crude, gasoline, and distillates saw declines. For the week ending October 11, crude inventories fell by 2.2 million barrels to a total of 420.6 million barrels, while stocks at the Cushing delivery hub […]

Weekly Market Review: October 2024, Edition 4

Prologue For the first time in three (3) months, the moderation in inflation saw a different turn. Recall that the inflation figure printed as high as 34.19% in June 2024. Despite drops in inflation over recent months, September witnessed a rise of 55 basis points, with the rate climbing from 32.15% to 32.70%. At the […]