Oil to soar and speed up inflation if Russia InvadesIf Russia attacks Ukraine then oil price will soar and speed up inflation.
We already are on historical levels for oil, and if there is an invasion, we could see 130, 140 or even 150$ price for oil.
If that happens, inflation will literally explode. The actual 7.5% will be nothing. We might end up w
Indicator info
The Brent Crude Oil Spot Price (Europe) tracks the daily cash price of Brent crude oil in US dollars per barrel. As the premier global benchmark for Atlantic basin crude oils, this daily series is heavily utilized for pricing physical oil contracts worldwide. Energy traders, geopolitical analysts, and central bankers monitor daily spot fluctuations as a real-time barometer for global industrial demand, supply chain disruptions, and shifting macroeconomic inflation expectations.
