cover of episode UBS On-Air: Paul Donovan Daily Audio 'Oil is still a disinflation force'

UBS On-Air: Paul Donovan Daily Audio 'Oil is still a disinflation force'

2023/4/3
logo of podcast UBS On-Air: Market Moves

UBS On-Air: Market Moves

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Shownotes Transcript

The oil cartel OPEC announced a 1 million barrel per day production cut (an announcement is not the same thing as reality). The oil price has risen in response, and at the moment is back to where it was 20 days ago. At these levels, energy prices remain a disinflation force, as the price is significantly lower than it was a year ago.