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Showing results for tags 'rampant inflation'.
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https://www.google.com/amp/s/amp.theguardian.com/business/2023/sep/17/global-inflation-fears-as-oil-price-rises-towards-100-a-barrel Global inflation fears as oil price rises towards $100 a barrel Rise of 30% since June follows increasing demand in China and production cuts by Russia and Saudi Arabia. Brent crude, the oil price benchmark, rose to a 10-month high last week of almost $94 a barrel, up from $72 a barrel at its lowest point in June – heading for its biggest quarterly increase since Russia’s invasion of Ukraine. Shouldn't be to long before it reaches 100 dollars. These higher interest rates are going to be here for much longer and may go much higher than a lot of us expected.