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Thursday, April 25, 2024

Crude Dips Below $48.00 First Time Since November 29: CPI Where to From Here?

Courtesy of Mish.

Passthrough price pressures due to rising oil are rapidly abating. A trio of charts on a daily, weekly, and monthly basis provide a good picture.

Crude Daily Chart

Crude Weekly Chart

Crude Monthly Chart

Inflation Hawks Worried

Crude closed at $39.44 for the week ending March 12, 2016.


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