29 Mar 2024
Sunday 4 November 2018 - 10:47
Story Code : 325561

Iran sanctions wont fuel oil prices for long



The Wall Street Journal - Anticipation of U.S. sanctions on Iran drove oil prices to multiyear highslast month, but the crude being pumped to replace Irans supply and easing demand growth from a slowing global economy could push them lower again.

Lower oil prices may be good for U.S. consumers and businesses at a time when inflation is starting to tick up,boosting inflation-adjusted income for households and profit margins for energy-consuming businesses. However, they could sting the nations energy producers who have become important drivers...


 

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