Citigroup says oil could fall to $60/bbl as the Strait of Hormuz shock fades.

The first U.S. hypersonic weapon program, whose deployment date was already delayed by at least two years, faces further delay due to unresolved production problems, the U.S. Government Accountability Office said in its annual major weapon systems assessment on Thursday. The report reviewed 104 of the Pentagon's most expensive programs totaling $2.4 trillion and included the long-range hypersonic weapon program.

DALY: US housing inflation is declining.