Chart Of The Day: Euro Set To Retest All-Time Lows On Inflation Differentials

  • Date: 07-Jul-2021
  • Source: Investing.com
  • Sector:Economy
  • Country:Middle East
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Chart Of The Day: Euro Set To Retest All-Time Lows On Inflation Differentials

As we write this, is trading above $75 for the fourth straight day. In fact, it’s more than halfway toward $77, its highest level since Nov. 12, 2014. The breakdown of production limit talks among the OPEC+ nations has sent crude climbing toward $80 a barrel.

But wait, readers might be saying to themselves at this point, didn't the headline indicate this post would be about the ? Indeed, and yes, it is.

The current sharp rise in the price of US oil may have a significant impact on the , for two reasons.