Common intuition might suggest that when oil prices rise, it should lead to higher inflation. After all, oil is a crucial input into almost every facet of the economy, from transportation to manufacturing. Therefore, when oil prices rise, overall prices rise. However, the reality is more complex, and an in-depth analysis reveals that high oil prices actually have a
Oil heads for weekly gain after OPEC+ supply cuts spur rally... this is going to add to the deflationary pressures sending America into deep recession...
Oil heads for weekly gain after OPEC+ supply cuts spur rally... this is going to add to the deflationary pressures sending America into deep recession...
https://finance.yahoo.com/news/oil-heads-weekly-gain-opec-234944415.html