Displaying items by tag: Oil prices

According to the International Monetary Fund, the global economy continues to show remarkable resilience to growth, as inflation remains steady and is not declining nearly as fast as it increased.

Rising oil prices affect the salvadoran economy because it depends on crude oil imports and the ups and downs of the international market, which also causes food prices to rise.

The market was pressured by rising expectations of rate hikes by the European Central Bank (ECB) following a faster-than-expected acceleration in consumer prices.

According to Bloomberg Linea magazine, explains that oil is headed for another week of losses as the world's central banks raise their interest rates to quell inflation. If this is indeed the case, it would be the longest weekly losing streak of the year.

Oil prices fall 7% to trade at US$100 a barrel as investors pinned their hopes on diplomatic efforts by Ukraine and Russia to end their conflict, while an increase in COVID-19 cases in China made markets nervous.