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Oil's Sudden Price Drop Surprises Citi's Chronert

Bloomberg Technology Thursday 05 November 2026, 21:25 UTC 1 min read
Key Points

Nov 5th, 2026 Oil's Sudden Price Drop Surprises Citi's Chronert Citi Head of US Equity Strategy Scott Chronert says the sudden drop in oil prices on Wednesday surprised him. Brent fell almost 9% then rebounded on Thursday. He says that took some pressure off of the inflation backdrop.

Nov 5th, 2026 Oil's Sudden Price Drop Surprises Citi's Chronert Citi Head of US Equity Strategy Scott Chronert says the sudden drop in oil prices on Wednesday surprised him. Brent fell almost 9% then rebounded on Thursday. He says that took some pressure off of the inflation backdrop.
Citi (ORG) Chronert Citi (PERSON) US (LOCATION) Scott Chronert (PERSON) Brent (PERSON)
Originally published by Bloomberg Technology Read original →

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