Global Oil Volatilities
Fuel prices have been in the news again recently. The Sun and others have been using their front page lobbying power to call on the Chancellor to introduce a fuel price stabilizer, as pump prices reach new record levels.
Despite a recent dip, crude oil prices are following an upward trend. Graphs of these prices demonstrate real volatility, but the general pattern is clear. The question for consumers is, What does this mean for my finances?
The Financial Times posits three possible scenarios which are difficult to summarise here. Some are less apocalyptic than others, and it’s worth considering them all if you are at all interested in geopolitical outcomes for the coming twelve months.
Whatever you conclude, the centrality of Oil to our economic recovery is undoubted.