OIL prices have been a consistent disinflationary force for the United States and global economies since mid-2024. That may be about to change.
Fuelled by signs of a solid upturn in economic activity at the start of the year and bubbling US-Iran tensions that could spark military conflict, Brent and West Texas Intermediate (WTI) crude oil futures are the highest in nearly seven months.
WTI rose above US$67 a barrel last Friday and Brent topped US$72, lifting their year-to-date gains to around 15% and nearly 20%, respectively.
More importantly, from an infla
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