Since early November, crude prices have been falling markedly. Brent is down around 20% in that period, and a couple of days ago even fell below the level at the start of the year. Not only have the gains from the war in Ukraine been erased, but Brent is over $13 cheaper now than it was the day before the invasion. Of course the main concern over the last year has been inflation, with the rise in energy prices seen as one of the main drivers. So, if crude prices are coming down, shouldn’t that be a good thing? As far as bringing down inflation, at best, that’s a maybe. But the problem is that crude prices are often a ... (full story)