7,855.06 TL BIST 100 BIST 100
28.92 $ USD USD
€31.16 EUR EUR
38.38 TL Interest Interest
74.67 $ Fossil Oil Fossil Oil
23.80 $ Silver Silver
3.75 $ Copper Copper
132.52 $ Iron Ore Iron Ore
387.00 $ Ship Dismantling Ship Dismantling
1,883.86 TL Gold (gr) Gold (gr)

While oil prices rise, their impact on the global economy increases

Recently, crude oil prices have been on the rise, supported by factors such as inventory declines in the US and Saudi Arabia's production cuts. Similar cuts and tight supply are expected to continue in October.

While oil prices rise, their impact on the global economy increases

Oil prices, which rose by more than 4 percent last week, are expected to continue their upward trend.

This could affect not only the energy sector, but also metals such as copper, zinc, nickel, aluminum, gold and silver, and agricultural products such as corn, soybeans, cotton and sugar. While increases in oil prices are often reflected in other energy products, energy sources such as natural gas and coal can also be affected by these fluctuations.

These changes in oil prices can lead to higher production costs, which can push up the prices of other commodities. Moreover, the search for alternative sources of oil and demand for other commodities as a hedge against inflation may increase.

The impact of oil prices on the world economy and its impact on other commodities continues to be a closely monitored development in global markets.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The Central Bank set an all-time record!

Thursday, December 7, 2023

EIB increased exports in October

Wednesday, December 6, 2023

TUIK announces November inflation rate

Monday, December 4, 2023

22 countries commit to nuclear power for net zero emissions

Sunday, December 3, 2023

World Bank increases funding for climate-related projects

Saturday, December 2, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now