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Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to ...
Inflation heated up in May, increasing 8.6% for the 12-months -- the largest 12 months increase since December 1981, according to the Consumer Price Index (CPI) data released on June 10. While the...
Consumer prices rose 3% year-over-year, exceeding expectations of 2.9% and marking the fourth consecutive increase in annual inflation. The monthly reading surged 0.5%, the largest increase since ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The upstream capital costs index (UCCI), formally known as IHS/CERA upstream capital costs index, is a proprietary index of the rate of inflation seen in the costs associated with the construction of a global portfolio of 28 upstream oil and gas projects.
PPP then computes an inflation and exchange rate as the ratio of the price of the basket in one location to the price of the basket in the other location. For example, if a basket consisting of 1 computer, 1 ton of rice, and half a ton of steel was 1000 US dollars in New York and the same goods cost 6000 HK dollars in Hong Kong, the PPP ...
WTI crude oil prices are up nearly 8% over the past month to just under $73 per barrel, but that’s still below the $86 per barrel price seen after the Israel-Hamas war began in early October.
A strong dollar and lower fuel prices resulted in lower import prices, and inflation expectations were down. The U.S. oil rig count increased. [ 121 ] Recession fears and a strong dollar led to oil falling 1.5 percent the next week, with Brent at $96.72 and WTI at $90.77.