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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

May 6, 2022

Prices maintain their uptrend

European gas prices maintained their uptrend overall yesterday, supported by the additional rise in coal prices: +3.20% for API2 1st nearby prices; +3.04% for Cal 2023 prices.…
June 24, 2022

Oil price continued to drop

On Thursday, oil prices were down. ICE Brent front month moved 1.5% lower to settle at $110.05/b and NYMEX WTI went 1.8% down to settle…
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?  Sign up here!