A bit of Bullish oil news from OPEC
*NO CHANGES SO FAR TO OPEC+ PLAN TO TAPER OIL CUTS IN JAN: UAE
*UAE TO COMPENSATE FOR OIL OVERPRODUCTION IN OCT, NOV: MAZROUEI
*TIMING FOR FULL RECOVERY IN OIL DEMAND IS UNCLEAR: AL MAZROUEI
*UAE ENERGY MINISTER AL MAZROUEI SPEAKS IN ONLINE CONFERENCE
*UAE ENERGY MINISTER SAYS SEES GOOD SIGNS OF OIL-DEMAND RECOVERY
Todays CPI release,a few highlights or low lights
The food index was unchanged in September after rising 0.1 percent in August. The index for food at home fell 0.4 percent in September as five of the six major grocery store food group indexes declined. The index for nonalcoholic beverages fell 0.8 percent, its largest monthly decline since December 2010. The index for other food at home declined 0.6 percent in September after rising 0.5 percent in August. The index for dairy and related products declined 0.5 percent in September after rising 1.5 percent in August. BUT... Despite the September decline, the food at home index increased 4.1 percent over the last 12 months. All six major grocery store food group indexes rose over that span, with increases ranging from 2.6 percent (cereals and bakery products) to 6.3 percent (meats, poultry, fish, and eggs). The index for food away from home rose 3.8 percent over the last year. The index for limited service meals increased 5.5 percent and the index for full service meals rose 2.8 percent over the last 12 months. Restaurants appear to be raising prices to make up for lost Revenue More from BLS The index for food away from home continued to rise, increasing 0.6 percent in September. The index for limited service meals( fast food restaurants) rose 0.9 percent in September, the largest increase in the history of the index, which dates to 1997. The index for full service meals rose 0.3 percent in September.
The back and forth regarding stimulus deal is exhausting nothing will be done neither sides wants to give an inch