Interest rate pressure or fear of inflation?
To be honest I find it very difficult to say in which direction it will go. Fundamentally, we are again at an apex. In short, the points to consider are:
- Inflationary pressure (this decreases due to interest rates)
- High demand for crude oil
- falling gas prices
- Renewed China lockdowns and thus renewed problems in delivery traffic
- And important: OPEC has announced that there will be less production
- rising dollar which affects commodity prices
As I said, I think it's difficult to assess where the journey is going.
However, my personal opinion is that there is a good chance that we will see oil prices cool off between this and the middle of next year.
What is your opinion?
To be honest I find it very difficult to say in which direction it will go. Fundamentally, we are again at an apex. In short, the points to consider are:
- Inflationary pressure (this decreases due to interest rates)
- High demand for crude oil
- falling gas prices
- Renewed China lockdowns and thus renewed problems in delivery traffic
- And important: OPEC has announced that there will be less production
- rising dollar which affects commodity prices
As I said, I think it's difficult to assess where the journey is going.
However, my personal opinion is that there is a good chance that we will see oil prices cool off between this and the middle of next year.
What is your opinion?
