Thirty-three years after REM released their debut album, and the crude complex today is being driven by murmurs again. As the producer meeting in Doha approaches (but not fast enough…), here are seven things to consider in the oil market today: 1) Economic data flow was kicked off overnight by a weaker print for Chinese inflation in March. Inflation dropped on the prior month by -0.4 percent, limiting the year-on-year rise to 2.3 percent, below consensus of +2.5 percent. Nonetheless, food prices increased by 7.6 percent , driven by rising vegetable and pork costs. 2) As for Chinese producer prices, despite being negative on a year-over-year basis since 2012, the first month-on-month increase was seen since 2013. Year-on-year prices are showing easing deflation, down less than expected at -4.3 percent. 3) Economic data is thin on the ground elsewhere today. Fortunately, us energy folk get the EIA’s monthly drilling […]