• Inflation Alarmism And Rising Oil Prices Could Kill Off Recovery ...

  • Jul 5 2021
  • Length: 8 mins
  • Podcast

Inflation Alarmism And Rising Oil Prices Could Kill Off Recovery ...

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  • Inflation Alarmism Could Kill Off Recovery

    The Governor of the Bank of England Andrew Bailey warned this week of "Inflation Alarmism". Prices are on the rise. House prices increased by over 11%. Haribo deliveries are failing, for a lack of lorry drivers. Construction  costs are rising at the "drop of a hat". Quoted prices are good for  just 24 hours. A shortage of materials is compounding pricing dilemmas  in the building industry.

    Rising Oil Prices Could Kill Off Recovery 

    In our "What next for oil  prices", published in May we expected oil prices Bent Crude basis to  average $66 dollars in the third quarter of the year. Prices  closed last week at $76 dollars. The OPEC delay to any decision on  output increases didn't help. The US administration is voicing concerns  as the market tests the $75 dollar level.  OPEC concerns rise as fears of "Demand Destruction" loom as prices rise.

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