In 4 months Oil has dropped from 120 to 80 . Got to have a huge positive on inflation by years end. Can't see interest rates going up next year and if economy cools off too much we may see rates fall slightly next year.
A study by the Federal Reserve Bank of Dallas in September 2021 suggested that if crude oil prices rose to $100 per barrel for three months before retreating, the spike would boost the annual inflation rate by 3 percentage points in the short term, with the effect fading quickly as oil prices pulled back.
In 4 months Oil has dropped from 120 to 80 . Got to have a huge...
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Last
$24.13 |
Change
0.030(0.12%) |
Mkt cap ! $45.81B | |||
| Open | High | Low | Value | Volume |
| $24.34 | $24.43 | $24.13 | $59.69M | 2.456M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 511 | $24.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.15 | 1755 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| WDS (ASX) Chart |