A loss of momentum in oil markets has prompted investors and traders to dial down bets on how fast inflation will run in the coming years.
After rising for much of 2021 on the back of a recovery in economic activity, oil prices have stalled since late fall. Among the catalysts: President Biden said the U.S. and other big energy consumers would release crude from strategic reserves to tame fuel prices. Travel restrictions designed to contain the Omicron variant of coronavirus then cut demand for jet fuel.
