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What’s happening to oil prices?

August 08, 2018
by warwickhawksworth
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Australians can expect to pay more for petrol at the bowser as oil prices move higher in the short-term. Yet the price rises won’t force the Reserve Bank to hike rates as a significant acceleration in inflation is unlikely.

Do I see the oil price continuing to surge higher? Short term, yes it could go a bit higher as global demand remains strong.

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