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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (118064)	1/20/2022 3:45:16 PM
From: Goose94	Read Replies (2) of 203260

Petrotal (TAL-V) Good News central bankers' inflation headache may be about to become more acute as they face the prospect of $100-plus oil that lifts consumers' price expectations and intensifies simmering wage-hike pressures (all figures U.S.). Brent crude futures, which soared 50 per cent in 2021, are up a further 14 per cent already in 2022 at seven-year highs of $89 a barrel. With production capacity tight, inventories low and geopolitics racking several producing regions, oil is hurtling toward $100, a level Goldman Sachs predicts will be breached by midyear. JPMorgan predicts oil could reach $125 a barrel this year and $150 in 2023. It is possible the net impact of a $12-price rise from here would not be massive, as headline inflation rates already reflect jumps in energy prices from a year ago. Citi's inflation surprise indexes have hit record or multiyear peaks in Europe and elsewhere, indicating readings have come in higher than expected. If oil does hit $100 and stays there, it will throw into disarray policy makers' calculations. It could induce businesses to pass costs to consumers or workers to demand higher wages.

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