INSUBCONTINENT EXCLUSIVE:
(Analysis) After multiple delays, the European Central Bank (ECB) and the Federal Reserve seemed finally set to lower interest rates in
production cuts have pushed crude oil prices significantly higher than market fundamentals would suggest.This situation is further
exacerbated by drone attacks on Russian oil infrastructure by Ukraine, a country crucial to the global oil balance despite Western
swiftly increasing oil exports, stands out as a significant exception and merits close observation
Its staunch independence may become increasingly pivotal in the near future.High oil prices affect all consumer countries, including the US
facilities to prevent further price spikes, Brent oil prices have risen nearly 20% in just over three months.This reversal of a previous
downward trend in energy prices has heightened concerns at both the ECB and the Fed, especially as they approach the final stages of their
fight against inflation.An increase in oil prices can lead to higher consumer goods prices across the board, most affecting motorists and
public transport users.But the ripple effects reach far beyond, impacting the final prices of nearly all products, especially food, just as
consumers began to see relief.In the US, price decreases have stalled recently, reigniting debates between moderate and radical hawks over
rate decisions.Thus, a rate decrease in June remains feasible, offering relief to mortgage holders.According to experts, oil would need to
exceed $100 per barrel to significantly affect inflation and interest rate decisions, a scenario few anticipate for now.
