Inflation Signals
May 17, 2021
The Consumer Price Index (CPI) in April increased 4.2% year-over-year, the largest jump since 2008. The Producer Price Index (PPI) increased 6.2% in April year-over-year, the largest increase in the history of this measure since its inception in 2010.
Crude oil is often used as a trade to hedge against rising inflation. If this scenario unfolds, higher crude prices may spur production bringing more associated natural gas supply to the market.
Read More:
https://www.nytimes.com/2021/05/12/business/inflation-consumer-price-index-april.html
https://www.worldoil.com/news/2021/1/4/wti-crude-nears-50-as-oil-becomes-an-inflation-hedge