The price of oil has been falling since the end of August to below 85 dollars. A decline of more than 32% from its highs for the year motivated by fears that the aggressiveness of central banks to fight inflation will generate a recession.
Precisely the drop in crude oil is good news for monetary organizations in their objective of lowering prices. In fact, the market already sees Brent below 100 dollars for the whole of 2022, which implies that this raw material, one of the keys to the current inflationary spiral, will stop driving the CPI.
However, caution should be exercised since if the EU cuts off the supply of Russian crude oil, it will cause a rebound in the price of a barrel in the final stretch of the year.The price of oil has been falling since the end of August to below 85 dollars. A decline of more than 32% from its highs for the year motivated by fears that the aggressiveness of central banks to fight inflation will generate a recession.
Precisely the drop in crude oil is good news for monetary organizations in their objective of lowering prices. In fact, the market already sees Brent below 100 dollars for the whole of 2022, which implies that this raw material, one of the keys to the current inflationary spiral, will stop driving the CPI.
However, caution should be exercised since if the EU cuts off the supply of Russian crude oil, it will cause a rebound in the price of a barrel in the final stretch of the year.