Since the oil slump earlier this year, Brent crude futures have risen 45%.
Since the oil slump earlier this year, Brent crude futures have risen 45%, reports Reuters.
So, the outlet predicts, “the next challenge for financial markets and policymakers may not be deflation, but [actually] the remarkable surge in oil prices.”
That’s because a rise in prices could boost inflation next year and, as a result, affect monetary policies globally. Read more.
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Exports of gold and crude oil helped drive results
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