Crude Oil Week Ahead: OPEC Report, US CPI, Chinese Data by Razan Hilal, CMT 7/11/2024

Crude #oil week ahead: Following a #Trump win and #FOMC week, Oil maintained a tight trading range above the crucial 64-65 support zone. A clear trend may break out following the #OPEC and #IEA reports next week, alongside economic indicators from #China and the US #CPI.

Oil forecasts for 2025 may shift based on Trump's energy agenda where he plans on slashing prices by 50% in a one-year time frame, alongside the developing economic metrics from the Chinese economy.

Key Events:
- New Chinese Loans (Monday)
- OPEC Monthly Report (Tuesday)
- Chinese FDI (Wednesday)
- US CPI (Wednesday)
- IEA Monthly Report (Thursday)
- Chinese Retail Sales and Industrial Production (Friday)

On X: @RH_Waves

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