Consumer Prices Unexpectedly Drop as WTI Plunges by Over 4%

In an unexpected twist amid a global trade war and ‘Liberation Day’ tariffs that have rocked markets around the world, the U.S. Consumer Price Index (CPI) actually fell in March, though data is not likely to catch up to rapidly changing White House policies until April’s data release, and the sacrifice is U.S. oil prices, now losing nearly 4.5%.  Inflation risks remain dangerously high amid the unfolding tariff war despite the surprise CPI data, and America’s shale patch is reeling with West Texas Intermediate (WTI)…