Rising oil prices reinforce inflationary fears

Brent prompt prices are above $70/b ahead of the OPEC+ meeting (see the Daily Oil), which pushes inflation expectations and bond yields higher. Gold prices are on the rise too. The equity market resists well, as in parallel, activity is strongly recovering in the US, Europe and China. The euro posted gains vs the USD yesterday after higher inflation figures in the main countries of the euro area for which data will be released today. The EUR/USD exchange rate is back above 1.22.

japanese vehicules sales
Share this news :

You might also read :

March 18, 2022

Very strong rebound in oil prices

The downturn in prices based mainly on the idea that the conflict in Ukraine could quickly end seemed to be exaggerated. This was confirmed yesterday,…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?