{"id":7650,"date":"2022-10-12T20:15:06","date_gmt":"2022-10-13T00:15:06","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=7650"},"modified":"2023-06-16T14:11:25","modified_gmt":"2023-06-16T18:11:25","slug":"petroleum-daily-report-10-12-2022","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-10-12-2022\/","title":{"rendered":"Petroleum Daily Report 10-12-2022"},"content":{"rendered":"\n<h3 align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2022\/10\/Petroleum_Daily10122022.pdf\">Click here if viewing from mobile<\/a><br><embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2022\/10\/Petroleum_Daily10122022.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"960\" alt=\"Oil was lower today, for a third day in a row as some Fed officials continue to present hawkish viewpoints and the dollar strengthened. Fed officials have said there is little evidence inflation is softening and they intend to follow their current course. Fed moves have led to a strengthening dollar, which rallied today against some lower yielding currencies. The PPI also rose more than anticipated, which is a measure of wholesale prices. We're not trading a slowdown in the economy - it's fear of a slowdown in the future, said Phil Flynn, analyst at Price Futures Group in Chicago. The IMF cut its global growth forecast for 2023 and warning for increasing risk for a global recession. WTI traded down $2.08 or -2.3% to close at $87.27. Brent traded down $1.84 or -2% to close at $92.45.\n\"><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Oil was lower today, for a third day in a row as some Fed officials continue to present hawkish viewpoints and the dollar strengthened.<\/p>\n","protected":false},"author":2,"featured_media":6111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-7650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Petroleum Markets Report for October 12th, 2022<\/title>\n<meta name=\"description\" content=\"Oil was lower today, for a third day in a row as some Fed officials continue to present hawkish viewpoints and the dollar strengthened.\" \/>\n<meta name=\"robots\" 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