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energybuyer

03/07/23 7:47 AM

#48464 RE: energybuyer #48463

After trading in a tight range for the last three months oil prices look like they are breaking out. A rally in oil will have many significant implications. Of course, the stocks of energy companies will benefit, as with high oil prices come higher margins, but there is more to it than that. If oil prices rise significantly, it will have a strong effect on CPI and inflation.