Supply-demand dilemma clouds oil price future
Weekend Review: Recent reports have highlighted predictions as high as $US120 a barrel to as low as $US45.
Nevil Gibson
Fri, 03 Aug 2018
Weekend Review: Recent reports have highlighted predictions as high as $US120 a barrel to as low as $US45.
Higher oil prices, together with wage demands, are the biggest inflation threats in the domestic as well as international economies.
In a recent analysis, ANZ economists play down the role oil plays in Reserve Bank considerations of “core inflation.” This is because oil, along with the