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Daniel Lacalle: Oil price in U.S. falls below $69 as geopolitical risks ease

Daniel Lacalle: Oil price in U.S. falls below $69 as geopolitical risks ease
U.S. oil price drops below $69

Daniel Lacalle, chief economist and investment manager at Tressis Gestion, reports that oil in the U.S. (WTI) has declined to below $69 per barrel as geopolitical threats diminish and supply stabilizes.

This shift comes as market participants monitor easing tensions and a return to more normal supply levels.

Lacalle has recently commented on rising demand for U.S. assets as the U.S. dollar index climbed above 100. He has also argued that public spending is a key driver of inflation, rather than central banks. His latest remarks further track moves in major commodities and currency markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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