Oil Inventories, Market Volatility and the Inflation Problem

Markets are getting increasingly unstable as investors react to hotter inflation, violent sector rotation, and new concerns about how long the U.S. oil system can keep drawing down commercial inventories.Chuck Zodda and Marc Fandetti break down why the latest CPI report is keeping pressure on the Fed, how crude oil inventories actually work, and why the U.S. may be closer to minimum operating levels than the headline numbers suggest. They also discuss what continued oil drawdowns could mean for late-summer prices, why Social Security’s projected shortfall has moved earlier, how airlines are preparing for possible winter capacity cuts, and why Anthropic’s new Claude Fable 5 rollout may be tied to its coming IPO.