Oil Price Surge Influences U.S. Treasury Market Amid Key Economic Events

Oil prices have surged, significantly impacting the $31 trillion U.S. Treasury market. According to BlockBeats, WTI crude oil prices opened with an increase of over 20%, surpassing $110 per barrel, shifting the focus to the oil market rather than data. Key economic events for the week, all in UTC+8, include: Monday at 23:00, the U.S. February New York Fed 1-year inflation expectation. Wednesday at 20:30, the U.S. February unadjusted CPI annual rate, unadjusted core CPI annual rate, adjusted CPI monthly rate, and adjusted core CPI monthly rate. Friday at 15:00, the UK January three-month GDP monthly rate, January manufacturing/industrial output monthly rate, and January adjusted goods trade balance. Friday at 20:30, the U.S. January core PCE price index annual/monthly rate, January personal spending monthly rate, U.S. fourth-quarter real GDP annualized quarterly rate revision, and January durable goods orders monthly rate. Friday at 22:00, the U.S. January JOLTs job openings, March 1-year inflation rate expectation preliminary value, and March University of Michigan consumer confidence index preliminary value. The U.S. API and EIA crude oil inventories will be released on Wednesday, with OPEC's monthly oil market report also due on the same day. The IEA will release its monthly oil market report on Thursday. Additionally, Oracle (ORCL.N) will announce its earnings after the U.S. stock market closes on Tuesday.