On March 13, Jinshi data, the slowdown in US inflation temporarily relieved the pressure on oil prices. However, Quasar Elizundia, an analyst at Pepperstone, said that the uncertainty of trade and geopolitical developments limited further rise. Elizundia said, “Recently, US inflation has slowed, and the CPI growth rate has fallen to the lowest level in four months, triggering market expectations of a more accommodative monetary decision by the Fed in the future.” However, the ceasefire negotiations in Ukraine and the introduction of US trade tariffs continue to suppress market sentiment. At the same time, the latest data from the US Energy Information Administration (EIA) has brought mixed results, increasing uncertainty about demand. Elizundia said, “The combination of economic, geopolitical, and trade factors continues to create a highly uncertain environment, and the market should be prepared for more turbulence in the coming months.”
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