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Oil Prices Jump 2% Amid Supply Concerns
Following unexpected events, oil prices jumped more than 2% on Wednesday. This increase was driven by attacks on Russian refineries and a surprising decline in U.S. oil stocks, coupled with a weaker dollar enhancing the appeal of oil. On NYMEX, April’s West Texas Intermediate rose 2.78% to $79.72/barrel, and May’s Brent crude climbed 2.57% to […]
Inflation Alert in Chile Due to Currency Volatility
Chile’s Consumer Price Index (CPI) revision and the dollar’s rapid fall prompt analysts to advocate for inflationary precautions. The end of last year saw the National Institute of Statistics introduce an updated CPI basket, superseding its 2018 predecessor, with a focus on exchange rate-sensitive items. This revision aligns with the Chilean peso’s status as the […]