This week's macro outlook: WTI crude oil rises over 20%, breaking through $110, with energy trends becoming the focus

Gate News: On March 9, the surge in oil prices this week largely dominated the flow of funds in the U.S. Treasury market. WTI crude oil opened today with a rise of over 20%, breaking through $110 per barrel. The direction of the oil market has become the new focus, with economic data taking a backseat. Below are the key points the market will focus on this week (all times Beijing):

Monday 23:00: U.S. February New York Fed 1-year inflation expectations;
Wednesday 20:30: U.S. February unadjusted CPI year-over-year, unadjusted core CPI year-over-year, February seasonally adjusted CPI month-over-month, seasonally adjusted core CPI month-over-month;
Friday 15:00: UK January 3-month GDP monthly rate, January manufacturing/industrial production monthly rate, January seasonally adjusted goods trade balance;
Friday 20:30: U.S. January core PCE price index year-over-year/month-over-month, U.S. January personal spending monthly rate, U.S. Q4 real GDP annualized quarterly revision, U.S. January durable goods orders monthly rate;
Friday 22:00: U.S. January JOLTs job openings, initial March 1-year inflation expectation, initial March University of Michigan consumer sentiment index.

Additionally, U.S. API and EIA crude oil inventories will be released on Wednesday, OPEC will publish its monthly oil market report on Wednesday, and IEA will release its monthly oil market report on Thursday. Oracle (ORCL.N) will release its earnings after the U.S. stock market closes on Tuesday.