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The preliminary April sentiment index slumped to 47.6 from 53.3 in March, according to the University of Michigan data out April 10.

Analysts say resumption of prewar levels by July “might introduce $15- to $20-a-barrel upside risk to prices.” 

Crude shipments for April are already inching toward about 4.9 million barrels a day based on current loadings, up from 3.97 million barrels a day in March.

Consumer prices rose 3.3% in March from a year earlier, the Labor Department said April 10. On a monthly basis, prices rose 0.9% in March from February.

Brent crude oil, the international standard, fell 0.5% to $95.47 on April 10.

The proposed 4.8% price hike will be reviewed by the Postal Regulatory Commission, an oversight body, and if approved, will go into effect July 12.

“What has happened to the business of First Brands is a tragedy, but the narrative that … this should fall on Patrick James is false,” a spokesperson said.

General Manager Marcus Minkkinen says collaboration, teamwork and problem solving are integral to the company's success.

ACT Research preliminary data showed orders jumped 126% from the prior year to 37,200. Sequentially, orders fell 19.5% from 46,200.

The disclosure offers a rare glimpse into the scale of Amazon’s in-house chip operation, which produces general-purpose computing and AI accelerators.