Keep in mind a big part of the volatility in oil prices pertains to volatility in the dollar. When the dollar’s value changes, the first place that will appear is in international commodities such as oil.
Actually, yes I not only know that but deplore the continue depression of the dollar by the Fed!
This is just another thing that I am beginning to hate about this Administration!! They are not only driving us into massive inflation (regardless of what they are reporting - just look at food prices) but they lie about it also.
I expect as most do that most prices will increase with oil prices - they just keep pretending that it is not a problem.
that arguement is a red herring put out by the trading industry.