Business & Finance
Oil and Gas Markets Signal Winter Crisis and Rising Interest Rates
Key Points
Commodities Energy Markets Signal Winter Crisis and Rising Interest Rates The surge in oil, gas and diesel prices is forcing central banks and governments to reassess the impact of the wars in Iran and Ukraine. In the world of central banking, scrutinizing profit margins from refining crude oil probably hadn’t been seen as critical when it came to setting interest rates.
Commodities
Energy Markets Signal Winter Crisis and Rising Interest Rates
The surge in oil, gas and diesel prices is forcing central banks and governments to reassess the impact of the wars in Iran and Ukraine.
In the world of central banking, scrutinizing profit margins from refining crude oil probably hadn’t been seen as critical when it came to setting interest rates. Then energy markets started screaming chaos again.
While Brent crude futures surged above $100 this week, louder alarm bells are ringing over the prices of fuels that heat homes, power industry and keeps trucks moving around the world. They are showing even greater pressure than the headline oil price and threaten to have a wider impact on the economy.