It is my opinion that oil has stabilized, and is forming a base, if we have a warm winter we may head lower. If however we have a normal winter and oil holds, this spring and summer we will be back up to $80.00.
This CPI and PPI were the last from the hugh drop in energy prices from Aug to Oct. Energy has stabilized and gas prices have stopped going down. The next reading could be a big surprise. But wall street will counter this with their little slogan " the fed is going to cut rates"