September S&P 500 E-Mini futures (ESU26) are up +0.19%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.10% this morning, buoyed by a drop in oil prices, while investors await crucial U.S. producer inflation data for further clues on the Federal Reserve’s policy path.
The price of WTI crude fell over -2% on Thursday as investors weighed a weaker demand outlook and continued to monitor developments in the Middle East. OPEC and the International Energy Agency both cut their 2026 crude demand forecasts. Meanwhile, the U.S. and Iran remained at an impasse over plans to reopen the Strait of Hormuz or begin peace talks.
