"So if the oil price rises much higher from here can we expect an increase in inflation that will force Central Banks to increase rates to induce a slowdown and perhaps a recession?"
I really don't understand why they would push interest rates higher if the oil price goes higher.
Higher energy costs are already a drag on the economy so increasing interest rates as well is a double whammy.
Woodside, page-72
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| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| WDS (ASX) Chart |