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Oil rises as investors look ahead to bank earnings and CPI
Bank of America is set to start the wave of earnings reports at 6:45 a.m. ET ahead of the CPI release.
Investors are turning their attention to the next round of economic data and corporate results as oil prices move higher.
The trading session is set against the backdrop of a busy earnings calendar, with Bank of America scheduled to kick off the bank reporting wave at 6:45 a.m. ET.
A key focus for markets is the upcoming CPI report, which is expected to inform expectations for interest rates.
WSJ Markets notes the combination of energy strength and the timing of bank earnings and CPI could shape near term market moves.