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What’s happening with oil prices?

From marketindex.com.au

Whether you’ve noticed it at the bowser as petrol prices surge over the $2 mark, or have simply been watching it in the news, oil prices are on the rise… again. And this follows a period of weakness. This obviously comes as somewhat of a concern – there’s a strong link after all between inflation and oil prices. In fact, some commentators suggest that this is behind the jump in inflation print numbers for August. Oil remains one of the essential commodities to keeping our world running smoothly and demand is high. In fact, the International Energy Agency (IEA) estimates global demand will have grown by 2.2m barrels ... (full story)

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  • Category: Fundamental Analysis