Oil
Higher oil prices will keep central banks raising interest rates, hurting the global economy and crushing demand for oil. The kingdom chose Putin over President Joe Biden in slashing OPEC+ oil production targets by 2 million barrels a day to prop up oil prices, Javier Blas writes. Meanwhile, OPEC+ customers now have 2 million new reasons to seek energy alternatives.
United States
Aaron Brown The rental market shows signs of breaking before the labor market, which would be good news for the Fed. Conor Sen The US Postal Service is taking package business from private rivals to help its turnaround.
Europe
Thomas Black Macron s new European club is a mockable but genuine effort to keep the continent together.
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