· Oil prices have continued their upward march ever since the advent of the fiscal year, with WTI/Brent currently at US$94.6/97.3 per bbl (up 34%/30% FYTD)
· An overall bearish sentiment to demand and US Fed’s hawkish view of the energy markets could keep demand view in check
· Persistently high oil prices affect emerging market economies through impacts on budget/external balances, inflation, and subsequently monetary policies.… Continue