Oil futures slide
A key inflation theme for the next 6 to 9 months is that things will get worse before they get better...but they will get better.
Crude oil future settled at around $90.60 today, down another 4 per cent, and at the lowest level since February.
Stockpiles have surged unexpectedly after OPEC+ said it would raise its oil output target by 100,000 barrels per day.
The recent trends in commodity prices are worth remembering when everyone warns of 'skyrocketing' inflation over the next few months.
Prices are still up over the year, but crude futures have fallen by more than a quarter since March.
