) prices are seeing slight gains around US oversupply concerns and escalating geopolitical conflicts, namely Ukraine's reported drone strikes targeting Russian oil refineries.
So yy, you know, all these things considered, how is what we're seeing in the oil prices and, and the broader oil price action that has seen some new 2024 lows and even crack through December 2023 lows. And right now financial participation in oil markets is probably as low as it's been since oil really became an asset class.
That might happen, for example, on a short term basis, if we get a Trump 2.0 presidency and then, you know, the final thing is, is OPEC, I mean, OPEC is really whiffed on this one. Increases in women getting sterilization procedures were seen across the U.S. immediately after the Supreme Court's decision, but continued to rise in states where abortion was banned.Consumer price index data for August could mean the difference between a quarter-point and a half-point Federal Reserve rate cut next week.
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