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Where Oil Prices Meet Central Bank Policy
Regardless of your view on an energy transition, escaping this economic reality is impossible: We are going to be fueled by crude oil for the foreseeable future. That may change someday, but not today. The ebbs and flows in crude oil pricing significantly impact global economies. Rising crude oil prices have recently been gently nudging headline inflation rates higher and compelling central banks worldwide to reexamine their policies. chart In September, Saudi Arabia and Russia agreed to extend their 1.3 million barrels per day production cuts through December. Some analysts believe this will result in a market ... (full story)