Markets

This week's macro outlook: WTI crude oil has jumped more than 20%, breaking through $110. Energ

2026-03-09 09:11:24

Oil Steals the Show: WTI Tops $110 as Markets Brace for CPI, PCE, and Job Data

Forget the economic calendar for a second—oil is running the show. WTI crude opened Monday with a 20%+ surge, blasting through $110 a barrel. That shift is now dictating flows in the Treasury market and pushing everything else to the sidelines. But the data still matters. Here's what to watch this week (all times Beijing).

Monday, March 9
23:00 – NY Fed 1-Year Inflation Expectations (Feb)

Wednesday, March 11
20:30 – CPI (Feb) – headline, core, monthly and yearly
Also: API and EIA crude inventories, OPEC monthly report

Thursday, March 12
IEA monthly oil market report

Friday, March 13
15:00 – UK GDP, manufacturing/industrial output, trade balance (Jan)
20:30 – Core PCE, personal spending, Q4 GDP revision, durable goods (Jan)
22:00 – JOLTs job openings, Michigan sentiment and inflation expectations (Mar)

Earnings to watch: Oracle (ORCL.N) reports after Tuesday's market close.

image (1).png

DISCLAIMER:

1. All content on this website (including but not limited to articles, data, charts, and analyses) is for general informational purposes only and does not constitute any form of investment advice, trading recommendation, or financial guidance.

2. Cryptocurrencies and digital assets are subject to extreme price volatility and high investment risk; you may lose part or all of your principal. Past performance does not predict future results.

3. The information on this website is based on sources we believe to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. Any investment decisions made based on this website’s information are at your own risk.

4. We strongly recommend that you conduct your own thorough research and consult an independent, licensed financial advisor before making any investment decisions.

Recommended reading: