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"Early Signs Of A Turn In US Consumer Discretionary," UBS Says

"Early Signs Of A Turn In US Consumer Discretionary," UBS Says Brent crude futures tumbled below the $80-per-barrel level earlier this morning for the first time since March as traders priced in the U.S.-Iran peace deal and the expected reopening of the Strait of Hormuz maritime chokepoint on Friday. Goldman Sachs and RBC Capital Markets both slashed their fourth-quarter Brent crude forecasts, reinforcing the view that the war-risk premium is rapidly deflating. If oil has peaked, then inflation pressures may have peaked as well, a positive setup that could provide some...
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Jul 13, 2026 / Tyler Durden
Trump Reinstates Iranian Blockade, Stuns With 20% 'Reimbursement Plan' On Cargo Transit, Oil Prices Surge
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Aug 13, 2026 / Tyler Durden
Former SPLC Exec Arrested: Accused Of Funneling Donor Money To KKK, Neo-Nazi Informants
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Apr 2, 2026 / Tyler Durden
Colonial Restarts Largest U.S. Gasoline Pipeline After Georgia Damage
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