A post by @FirstSquawk on X.

The ECB said oil prices could shift substantially before its December meeting, flagging energy costs as a key variable for the rate path. The comment, relayed via First Squawk, comes as crude volatility complicates the inflation outlook officials will weigh at that gathering. It matters because energy swings feed directly into headline inflation and can alter how far the central bank cuts. Traders will watch crude benchmarks and December meeting communications for signals on how much weight policymakers place on oil-driven inflation moves.