Crude oil price breaks through $87, inflation concerns rise 😨
Affected by the extension of production cuts by OPEC+ members to the end of the year, crude oil prices soared above $87 for the first time in nearly a year. Saudi Arabia will continue to reduce production by 1 million barrels per day until December. This move caught the commodity market off guard and total daily output fell to 9 million barrels, the lowest level in years; oil prices continue to surge coupled with the increase in ISM payment prices last Friday (48.4 vs 42.6), we are worried that the trend of slowing inflation may be coming to an end, and there are upward risks to inflation next year .
#原油价格 #通胀 #OPEC #沙特阿拉伯 #ISM