Oil Price breakout upwards

The fastest way to increase Inflation is to raise the price of Oil. When the cost of Oil is raised, then the cost of Fuel will also go up. That impacts all goods sold. Why? All goods sold need to be transported. When the cost of Fuel goes up, so does the cost of Shipping and Distribution. Those rising costs get passed to the consumer. Hence the Rate of Inflation rises.

Video is courtesy of the Bloomberg Markets and Finance YouTube channel

If you want to raise Internet Rates (as the US FED had started to do last year) then you need a rising Inflation Rate as justification.

The U.S. Fed will continue to raise Interest Rates in 2019.

Click on this link to visit the CNBS website to read their article titled “

Oil tops $60 for first time since November after US crude stockpiles plunge

Posted by: Vincent Banial