Global oil prices have increased rapidly in recent weeks, some would say alarmingly so. This is part of a broader rise in energy prices that is creating winners and losers, threats and opportunities. Over the past year, the Brent crude price has risen 60% in dollars to hitting $90 per barrel for the first time since 2014. While oil price volatility is normal, the usually sleepy coal market saw prices triple, fall, and rise again to 156% above year-ago levels.
Each unit of GDP uses a lot less oil and gas, and therefore every dollar the oil price rises, takes a relatively smaller chunk out of business and consumer pockets. However, the recent spike in energy does not leave those pockets whole by any means. The first impact of higher energy prices is simply that there is less money to spend on everything else. Therefore, while energy prices will push up headline inflation rates, central banks don’t respond immediately.
Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met _ambreymarcus1 and started Bitcoin trading, I earned R150,000 in 3 weeks thanks _ambreymarcus1.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: Unpacking tensions between Russia and UkraineBusiness Day TV speaks to Oanda’s Craig Erlam I have benefited from at least R40k a week with williamchurch09 through his recommended platform with my small investment. Don't spend all your money without investing. williamchurch09 is a life saver, join me and win also in with good hands
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: SABCNews - 🏆 37. / 51 Read more »