Oil prices are still trading near seven-year highs, and the Biden administration is feeling pressure to lower inflation Cathie Wood of ARK Invest is predicting that advances in technology will push productivity higher, helping to bring inflation in check While climbing oil prices and inflation were once closely related, the correlation between the two has been steadily falling since the 80s. After a relentless rally, oil prices have lately tumbled , falling for two days on potential de-escalation of the Ukraine crisis and the resumption of Iran nuclear talks. March WTI crude (CL1:COM) slipped -2.1% on Tuesday to $89.41/bbl, with April Brent (CO1:COM) falling by a similar margin to trade at $90.75/bbl. French President Macron has said he has received assurances from Vladimir Putin that there would be no “escalation” of Russian pressure on Ukraine, while diplomats from Iran and world powers have reconvened in Vienna to seek a […]