The National Federation of Independent Business (NFIB) released its Small Business Optimism Index; the first since the November election. Kevin talks about the key points. The U.S. Labor Department's consumer price index has been released. Is inflation continuing to improve? Oil reacts to the European Union agreeing to an additional round of sanctions on Russia and targeting its "shadow fleet"; fuel inventories post larger-than-expected stock builds; OPEC cutting demand growth outlook for 2024 and 2025 for the fifth consecutive month and the anticipated rise in Chinese demand as Beijing plans economic growth boost.