While services inflation began to moderate and rent prices rose at a slower pace, "inflation still remains too hot for the Fed's liking," according to senior economist at Wells Fargo in Charlotte, North Carolina Sarah House.
Climate activists reacted with equal measures of anger and despair Sunday at the news oil giant Saudi Aramco achieved record profits totalling $161.1 billion last year.
On Friday, Chinese leader Xi Jinping met Saudi Arabian leaders in that country, expressing his interest in using yuan to buy Persian Gulf generated gas and oil.
The Biden administration has said that Saudi Prince Mohammed bin Salman should be granted sovereign immunity in a case involving the murder of journalist Jamal Khashoggi.
Leaders from Saudi Arabia and China said on Friday that the two nations will strengthen cooperation on energy after the Islamic kingdom’s falling out with the United States.
