Reuters Morning Bid

Q1 2026 will be one to remember: oil ending at multi‑year highs, US gas prices crossing $4, and markets struggling to price geopolitical uncertainty. As the Fed stays patient, attention turns to labor data and tightening financial conditions.

Today’s recommended read: Market tightening gives central banks time to wait and watch by Mike Dolan

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

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Markets start the week under pressure as conflict pushes oil prices sharply higher. G7 policymakers debate ways to shield consumers from fuel costs, while new European inflation figures could provide the first real evidence of how the energy shock is feeding through.

Today’s recommended read: Crude oil and LNG supply are at risk of the worst-possible scenario by Mike Dolan

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

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Consumers confront rising energy costs as confidence data looms, just as a Good Friday jobs release will postpone a market response. At the same time, widening spreads and weak auctions highlight strain in Treasury markets and concerns over liquidity.

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

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This past week, oil prices swung as rhetoric around the Iran conflict rattles markets, with traders gauging how far energy shocks could push inflation. As the OECD warns of price pressures, nerves are showing in US Treasuries.

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest

Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

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Oil is on track for its steepest fall in six months as Trump buys more time on Iran. But with the Strait of Hormuz still disrupted investors are guessing in the dark. Plus, Elon Musk could launch the biggest IPO ever — and he wants retail investors along for the ride.

Today’s recommended read: War, oil shock, uncertainty? Time to raise US equity outlook, by Jamie McGeever

Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest.

Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi

Sound engineering and music by Sebastian and Josh Sommer

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