Bloomberg Surveillance · Tuesday, July 14, 2026
Analysts noted that while Federal Reserve officials like Kevin Warsh are focused on inflation, geopolitical factors are beyond their control and are influencing global energy prices. West Texas Intermediate crude oil exceeding $80 a barrel is a prime example of this challenge.
“So let's just walk through this CPI data. Here, it looks like it's energy really impacted.”
“But at the end of the day, the geopolitics are out of his control and out of the FEDG control.”
“And we see that whip salt in global energy prices, which are now in the upswing yet again with WTA crude oil over eighty dollars a barreling.”